Friday flows up next
The JOLTs data was not bad although Job Opening declined. They still remain at high levels. Michigan Consumer confidence was better than expectations.
The dollar rallied a touch.
- The USDJPY moved to the high for the day, but could not go any higher (at 119.24). It has moved back down to 119.10 area.
- The EURUSD fell toward support at the 1.1357 level (38.2% of the October move higher) but could not go below. It has rebounded over 1.1370 currently
- The GBPUSD remains the stuck in the middle of a 32 pip trading range over the last 5 hours.
US equities are hanging around unchanged on the day. With the S& P comfortably above the 2000 level at 2024. The 2000 level is the midpoint of the corrective move lower.
The weekend squaring up flows are up next. With liquidity conditions light, expect the potential for volatile (random) trading.