Good Friday morning.
This is the yearly table.
- JPY (purple) most bid that session +1.38%.
- GBP (blue) most sold that session -2.15%.
I just wanted to mention about the flow here. It’s the last day of the month. And today has been very, very against the flow. Look at the line up. Yearly running %'s. In this context, for the flow to be positive you would have the top 5 currencies ending the session more positive, also the bottom 3 currencies ending the session more negative. All that would equal a positive flow, right? Well, it hasn’t. Those are some very high negative numbers (1st session -8.72%, 2nd session -4.84% ).
All we can say is that the Yen (purple) is still on a tear today. 2 sessions in a row. And look around, the risk-off play is the play so far today.
Well, not a whole lot of difference between who’s most in demand and who’s not, between these 2 time spans (From April 1st, and May 1st). But, I do see it interesting about the EUR (yellow). They’ve been pretty respectable since April 1st (this quarter). But not all that much for this month all by itself. And then you can see them on the yearly table above.
Look. All I’m doing here is bringing to light a point.
Who’s the strongest currency?
Who’s the weakest currency?
- It matters in which context you are talking about.
Therefore, your trading should reflect the bias you have according to the correct time frame. Are your trades open long enough, for that to be right?
Think about that. It’s important.
Ok. I’m done with that …
I’ll see ya at the close.
Make it a great Friday!
MY DAILY’S.xlsx (1.0 MB)