- USD (white) most bid that session +.87%.
- GBP (blue) most sold that session -1.85%.
Well, during that session the Yen (purple) got back into step with big brother (+.86%).
You can see it here.
Since I have this chart up here. I’ll remind you of those that run together. You can watch for yourself, to see if it’s any kind of true.
- USD (white) & JPY (purple)
- EUR (yellow) & CHF (pink)
- AUD (red) & NZD (dark red)
And we have CAD (brown). They are known as a Commodity currency. Follows oil mostly. Sometimes they follow the other 2 (AUD, NZD). But not always. And sometimes they follow the USD (white), believe it or not. So basically, it’s tough to know what their doing, and following.
The GBP (blue). They just do what they want. With this Brexit issue, they’ve been a lone bull. They simply do not follow any other currency. So…good luck with them.
Along the same vein. Check this out.
AUD (red) / NZD (dark red) / USD (white) / JPY (purple)
Maybe someone remembers earlier this year that I was pretty amazed of a divergence between the Dollar and the Yen. It’s all back up there quite a few posts ago. Well, I sure do remember. Well, now I can look back and see what was happening. Specifically, the last 2 weeks in March there was such the divergence. But what was happening was the Dollar was on the move higher, slowly, but for the Yen it just took a little longer. And well, you can see that they both were rising together since April to the present. You really have to pay attention. But it’s true…between them two…they will go in the same way more than they will not.
Same with the Comm brothers there. And I also remember the divergence between them two. I was like going crazy about that. And look up there. It’s there! Starting on Mar 22nd, the NZD is going nowhere but down. But the Aussie rose much higher for 4 more weeks later. Then, finally, to join back up with them from mid April on out to the present. So therefore, that tells me that the NZD leads the way with that couple. And the Dollar leads the way with that couple. Right?
I’m done with that…
See ya at the close.
MY DAILY’S.xlsx (1.1 MB)