Market Comment:
As we move from the end of the US session of one day into the asian session of the next day, we have volume lower than for any recent same period. This probably means the market is flat worn out. It has milked the range of the various USD pairs for all it is worth. There isn't anything left to do but wait for some BB to make a another liquidity creating push ahead of Wednesdays news, or wait for the news itself.
I think the only thing of interest that Tueday holds for us, is to see what the US BBs are going to do with the limited time left before Wednesdays news. Yesterday the market had prices a bit further in the anti-USD direction than they are now. The US BBs, in their greed, might decide they too deserve a crack at trading at those previous levels. So, do we see another liquidity creating push by the US BBs, or not?
What else of interest is there until Wednesdays high impact releases? Nothing that I can see, not unless some big player in the market says "To hell with this crap! We're going pro-USD ahead of everybody else." And suddenly we get a pre-release move going.
So, waiting again for LO, and to see if any Sonic R. setup comes around that looks good.....
tah
As we move from the end of the US session of one day into the asian session of the next day, we have volume lower than for any recent same period. This probably means the market is flat worn out. It has milked the range of the various USD pairs for all it is worth. There isn't anything left to do but wait for some BB to make a another liquidity creating push ahead of Wednesdays news, or wait for the news itself.
I think the only thing of interest that Tueday holds for us, is to see what the US BBs are going to do with the limited time left before Wednesdays news. Yesterday the market had prices a bit further in the anti-USD direction than they are now. The US BBs, in their greed, might decide they too deserve a crack at trading at those previous levels. So, do we see another liquidity creating push by the US BBs, or not?
What else of interest is there until Wednesdays high impact releases? Nothing that I can see, not unless some big player in the market says "To hell with this crap! We're going pro-USD ahead of everybody else." And suddenly we get a pre-release move going.
So, waiting again for LO, and to see if any Sonic R. setup comes around that looks good.....
tah