EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
During yesterday's sleepy markets, I highlighted in this tweet the rally in bund futures (rising prices, falling yields) may signal similar price action at the subsequent session, when US bond yields/prices return from Memorial Day Weekend. Today's bond price action did not disappoint, as the homogenous asset class moved in concert, delivering gap ups in prices and falling yields. This was a desperately needed development for yen bulls (particularly USDJPY shorts). Interpret what you wish from the chart below as to which is the dependent and independent variable (USDJPY or yield spread). Who leads whom? Shorting USDJPY has been the "pain trade" for our WhatsApp Broadcast Group, as we await Wednesday's debt ceiling vote and the JOLTs survey. Hanging in there.
euro trading is good..
wonder where DaveO has gone..did you receive messages, Ashraf?
I have lost his email if you have it..send him one or send it to me
Ashraf..
I.ve been fishing and puttering around..
hi. said.....hope you are safe and sound..
pop up..
hello to said..
I am from Sanibel Island Florida. Great place, weather is nice and the
fishing is good. The tourists are starting to come back.
I work only at forex and the trading has been slow but steady with longer breaks now in the action. or at least I think so,
Take care and stay in touch.
I have been churning away by day and doing some night fishing.
Good luck..