From a logical perspective, there was no reason for the rise to 1.3314, so I’m not going to make very much of the decline back to the 1.3260s….Fundamentals be damned in no-win markets.
Why is it a no-win market? Bonus numbers are baked in the cake. All you can do is hurt yourself as a trader at a bank or hedge fund in post-bonus markets…that’s why liquidity becomes desert-like in December…
