Good day mates.
Let’s see the week, with one more session to go.
- AUD (red) took that session with +1.40%.
- CHF (pink) lost that session with -1.11%.
- About break even with the aggregate flow .7%.
- GBP/CHF, top spread pair, climbed more, sitting with a difference between the two currencies at +38.41%. Also at 8am being at 1.3051.
Well, I see the AUD has been clawing their way back from a real hit yesterday. Basically, I’m seeing that the money wants to go with them. They are not down and out of it. They just had a set back yesterday, that’s all.
The NZD (dard red), also, is not all that laying down either. Staying above water (0%). Not dropping below that.
Well, speaking of those above water. That would be the GBP (blue) along with the Comms (reddish). Basically, the pound found their way leading the pack. Also to be noted that the CAD (brown) had bumped themselves back above the 10% area. Take a look. So…as the whole entire month as been unraveling…the only real difference (at the top) has been the GBP story. And, as of now, no real changing taking place.
What about down below? Take a look at the CHF (pink). I think their pretty content dragging the bottom. And we can see between the EUR (yellow), and the JPY (purple), they have been changing back and forth. Pretty much second to last. So, they both have been a sell for the most part.
The USD (white)…well, been pretty consistent, just below the 0 mark. Again, no real changes happening.
So, the way I will be looking at this. We’re heading into the last day of the week. Hopefully the trend will continue this way. You know. But then, next week will finish out the month. You have to have a sense of that. We will be heading for Thursday. That’s the last day of the month. And I will be wondering whether any kind of changes will want to produce. Like…where does the money want to go to? And where does the money want to leave?
Will the GBP continue? Will the Comms continue, above water? Will the CHF continue happily down below? Will risk-off scenario stay away (JPY)? Will the EUR (yellow) ever want to get above the USD (white)?
Those are some of the questions I keep in mind (actually I have all that written down).
Alright. Let’s get on with the day. And make the best of it!
See ya at the finish line.
MY DAILY’S.xlsx (144.3 KB)