Ok. Here’s the week in total.
- CAD (brown) took that session +2.35%.
- GBP (blue) lost that session -1.98%.
- Negative flow -4.86%.
- CAD took the day in total +2.87%.
- GBP lost the day in total -4.53%.
It seems to me that the GBP had the most attention today. Lost every session. Meaning, they were the most sold currency during each session. So, it was a mutual aggregate agreement between the players. Let’s see. They lost -4.53% today. Yesterday they ended the day up +6.37%. Well, that tells me that yesterday was a little too much buying for them. They retraced…let’s see…71% of their gains yesterday. Not all of it. But almost 3/4’s. And all you would have to do is just look at their %'s. They ended the week being +6.24%. And where did they start the week? Can’t see it there (look on the excel sheet) they were sitting at -1.65% at this time last Friday. So, basically, you can’t rule them out just yet. It was just too big of a bid yesterday. I think there might be more buying next week. But who knows really, right?
What else is going on? Well, if you ask me, I’d say the CAD is the favorite. No backing down, no changes. Until I see a change, what is, is what is. I have that written down. And I believe it. You might remember me saying that I think the AUD might over take them…(I’m looking)…back at the end of last week (Friday). But the formidable change never happened.
The CHF (pink) is really down there huh? I was thinking about that. You know? I can’t think of a better thing to bet on, than them at the bottom, because that’s exactly what their central bank wants! And they probably are keeping it that way. Well, in any case, they are happy right about now.
The only other thing I was thinking about was the USD. You know, I’m just wondering about our situation over here. You know with our government out and all. Man…if this keeps up…what’s going to happen? Surely, something needs to break. So when it comes to what we care about most, currencies, I guess it would have to be the USD. Right? shrug
I just don’t know. But, in the meantime, I think everyone knows by now that the world is feeling pretty good about the trade talks happening between us and China lately. That has to be the fundamental reason for the risk-on scenario in these last 2 weeks.
Alright. I’m done talking. That’s all I have left.
Sorry for all that nonsense.
Hey…have a good weekend. Make the best of it.
We will. Cause we will be knee deep in snow. Supposed to get well over a foot tomorrow. Will be fun!!
Alright. I’m out.
Mike
MY DAILY’S.xlsx (129.7 KB)