Fortune favors the brave.
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Forex Ranges Prevail, Lack Of Clear Themes
There was no definable theme in FX during Thursday, leading to choppier conditions in the charts, as depicted by the contraction nature of the currency indices performance. The fact that in the US equity space the S&P 500 found buyers off the bottom of its range didn’t help either, as it vindicates that the extension of range-bound conditions too. In the last couple of days, there has been a resurgence in demand towards the US Dollar, opening a gap with the weakest links such as the Kiwi or the Pound, even if it’s all happening within the confinement of familiar levels in a first gear-type of mode. We had a ... (full story)