I don’t know about you but I found this week to be one of the longer variety. Lots of Bernie the bolt moves, up a bit , down a bit, but overall we are are pretty much back where we started. The IMF told us what we all know, that the EUR is 15% overvalued against the USD but can they please give us an SDU guarantee that it won’t trade at 1.50 first. USD/JPY broke higher last night amid very heavy turnover as option books were forced to cover. I got stopped out of 1/2 my cable position which has really improved my mood. Nothing a nice strong cup of coffee won’t fix and at least the Aussies started well in the cricket!
I will still look to short the AUD/USD at the .8375 Fibo and otherwise I remain fairly clueless.
Good luck today.
