DislikedWow Gentlemen! I would have agreed with you before the election, however in my view it is priced in with the high test of .9216 this morning. However, that manipulated Chineese CPI coming this morning @ 11:30 will be the acid test for the day... Fed taper appears to be tapering off the table for now, however despite higher mortgage rates based on the higher 10 year note, people have resumed buying homes which along with unemployment are the two main concerns of the FED. With that said, I well know Bernanke is a specialist in the slow recovery of...Ignored
That said...if the atr is drying up on many pairs, what is going to make this AUD move?????? We might be in for a looooong year,boys.
BTW.....one sign of what I say is the Prime Minister of New Zealand made a direct statement saying that every pair with NZD is at least 15% overbought, and it dropped for 3-4 days maybe 3-4%. Whats that about? And look at Japan, they tell us right out they are committing trillions to their dollar staying low, and it works for like 10 weeks and where is it now? Nothing wants to take charge, nothing wants to take make a huge trend. Not one of the major pairs. I should go back to stocks. We all know many of us would if we had the bankroll. I do but I got addicted to this. Plus I love trading at night. -) Go AUD! I'd laugh if its in the same exact spot next month.