Decent moves so far in both currencies 13 Oct
Euro pairs lower as bunds head higher. No prime movers cited so far but we’re seeing EURGBP continue its move lower to post 0.8878 with EURUSD down to 1.1815.
The Nikkei 225 has closed on 21 year highs today and we may be seeing some change in equity/JPY correlation which has lately been very much higher Nikkei/lower JPY as weaker yen perceived to give Japanese exporters a boost and vice versa
As I’ve said before on many occasions it’s dangerous to over-analyse. As a former interbank trader and market maker I’m a great believer in flows. Ours is not to reason why, ours is just to sell and buy. So whatever oracle, signals, runes that you use let them guide you but if in doubt then keep the heck out.
Building a profitable trading strategy is a marathon not a sprint. No point getting slapped by a lack of understanding/obsession to trade.