G’day Surfers – BOOORIINGG!
EUR/USD’s range prior to London Open yesterday, was 34 pips – not so unusual for Asia Session. London Open to FOMC Statement…..25pips and UNTRADEABLE! The FOMC Statement pushed the Daily Range out to a meagre 48 pips! The Weekly Range to date, is just 82 pips – just as well we’re patient!
Yesterday’s news forced PA briefly back to 1.3700 but the market quickly displayed it’s intolerance of the now broken level. Significantly on H4 Chart, the spike failed to take out the previous Low. This is a Bullish sign and points to the Bullish Pivots being correct. Tough not to be on the Bulls back – news permitting!
The Day Ahead
Still looking Long but entries have been hard to find. Two nice Hotspots are set to deliver and early news might get things moving – I’m waiting patiently.
High Impact News
|9:00am||EUR||French Flash Manufacturing PMI|
|9:30am||EUR||German Flash Manufacturing PMI|
|2:30pm||USD||Core CPI m/m|
|USD||Philly Fed Manufacturing Index|
Thrilling Thursday everyone.
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