Good afternoon. Well, almost.
Here’s the London morning time results.
- GBP (blue) most bid that session +1.64%.
- CHF (pink) most sold that session -2.21%.
- Positive flow 4.48%.
Alright. Right now it’s 10:30am. This is all what happened so much earlier. How about I get you up to speed on the current situation. This is how the day stands right now. Check it out.
That’s the Dollar. Their the most bid currency up to this point. And as you can see, the JPY is right there with them. Look.
Now. Class. How many times do I have to tell you. They ride together. There’s the proof. White, Purple.
Now. What do I call that? I don’t really know. It’s not totally correct to say it’s all the safe havens. Cause what about the Swiss? Their losing the shirts off their back. I mean, their not even riding with their long partner the EUR (yellow). Remember what the top pair trade is?
I don’t know. Their riding on their own. And maybe that’s precisely what’s going on. We have some individuals around here. Like previously with the AUD (red) and the NZD (dark red).
And do you remember, a month or so ago, when the USD and the JPY were at such a divergence? I got tired of mentioning that. Well, now their back together.
Anyway. It’s all just very interesting to me. It’s what’s going on. And that’s the entire point of this thread. Currency dynamics. It’s how they are relating to one another. Needless to say, things are changing. And it’s my job to let you know in what manner.
Alright. Enough nonsense.
Make it a good day and I’ll see ya at the end.
MY DAILY’S.xlsx (504.1 KB)