A little more Monday market.
- EUR (yellow) most bid that session +1.03%.
- GBP (blue) most sold that session -.75%.
- About even with the flow .16%.
Well, that’s interesting. The EUR. Huh?
Let me show you the monthly table, and you’ll see.
Yeah, what’s up now.
Look. I know it’s not the end of the day or anything. But, we definitely have some EUR buying, more than any other currency for the month running.
I also realize that the EUR does like to be a bid on Monday’s. I pay attention. But then, it’ll quickly go away as things roll on. We’ll have to see if this is of any real meaning. Right?
The other thing I find interesting, is the NZD (dark red). I think they are starting to separate themselves from the crowd. Look. 6.95% is the highest % we have at the present moment (positive or negative). That tells me that there isn’t any more of a slant, consensus, than that. It’s a sentiment. And the only thing that explains that is the bomb that went off 2 weeks ago with them. Traders (money) seems to be remembering that, and to still go with it. A sell.
Well, all I know is that’s a good thing. Now, all we need is a good consensus for the buy, on top. And then, there would be a good pair to go with. Right?
So, right now, it’s up in the air between 3 of them, for the most bid currency for the month running. It sure would be nice to see the NZD stay the lowest, and for the top, I would say the EUR would be a nice switch. We’ll have to see though.
Alright. I’ve talked enough. We need more time to pass.
See ya at the end.
MY DAILY’S.xlsx (479.2 KB)