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US Dollar’s Appetite Not Quite Satiated
Market tendencies into year end are generally a lot less about consolidation and correction and a whole lot more about trend continuation. Of course, as things stand, that would mean we shouldn’t rule out the possibility for another US Dollar surge ove…
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 117.552 | EURUSD 1.04237 | AUDUSD 0.72376 | NZDUSD 0.6908 | USDCAD 1.34128 | USDCHF 1.02682 | GBPUSD 1.23526 | LMAX Highs and Lows 6am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.04483 | 1.04224 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 117.725 | 117.400 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.23795 | 1.23484 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.02710 | 1.02475 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.72568 […]
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What Happens When This Consolidation Breaks?
The story this week has been one of consolidation. Nore specifically, consolidation within a very strong US Dollar uptrend. And as things go in year end, when consolidation breaks, it tends to continue to push in the direction of the trend, which in th…