It’s the middle of the week already, where does the time go?
Time flies when you’re having fun, and the fun continues in today’s trading. AUD is the prime mover today and I don’t agree with the scale of moves we’re seeing (more on that coming in another post).
Markets still look a little lost with no real big news driving anything. EURUSD has suffered two days of bad data and continues to bleed lower but at a snails pace. GBPUSD had its fun yesterday and now it wondering what to do next. USDJPY spent two days glued between 109.80 & 110.00 but has managed to move to 109.60 and now looks likely to spend some time 109.60-80.
On my trading radar today I have AUDUSD (more to come on that).
Not much to report yesterday. A failed couple on scalps on cable at 1.30 and USDCHF at 1.0000. I’m still running my USDCNH longs from 6.7050, and looking to add back in towards 6.70 and TP around 6.80. I’m running a trailing stop on the current possie at 6.74.
Let us know your plans or feel free to ask us any trading questions you have on your mind. Our door is always open.