A day after some BIG moves in the forex market, do the trends continue?
A snapshot of the % changes of the major currencies vs each other shows that the NZD was the biggest mover. It all started in the Asia-Pacific session, mainly on reaction to the better trade data out of Australia. That, risk on flows and a reversal of the USD overall, were the main catalysts.
BTW the AUD and GBP did a good job of running higher too. On the negative side, the JPY and USD lost a lot of ground on the risk on flows.
So do those trends continue on Friday? Do you have any favorite ideas.
PS trading Greg for Eamonn on Monday is probably the best idea ("The MAN" will be back on Monday), but I've already said it. So no copy cats on that idea.