Thanks again Jamie for an excellent wrap of an obviously busy NY session.
The market is making its case now very clearly, start printing and we’ll sell your currency. Unfortunately, that is exactly what the ‘printers’ want.
Some important levels looming in pairs like the AUD/USD and EUR/USD and the word overnight was that the so-called ‘clever’ money was selling both. Don’t forget that if the US congress decides to take some sort of tariff action against China, this would be bearish for the AUD in the short-term.
USD/CHF continues to make new lows and those of us trying to pick a bottom seem to be fighting a losing battle.
Good luck today.
