recycle bin

today can be a messy, slow and range day, a day for trap traders,
we have fomc tomorrow and interest rate decision

i don't even know what to trade, so i will wait


for today
US - CB Consumer Confidence

i´m visiting tradeonsummit

eu and uchf are both moving down, the difference seems eu is just a correction,
i will wait until they are aligned

i dont see nothing with a clear setup and i dont want to risk,
so it seems that today i stay with my little more than 2% made early on uchf

cheers

today i´m buying eu until i reach my target or i will exit near fomc

GMT

The men and women most admired in the U.S. in 2019

i still suffered a bit with this downward movement, but it went up and i added more buy positions,
so i decided to exit before my initial target (monday high), with almost + 3% in my pocket

day done

Portugal Business Confidence climbed from previous -4.4 to -2.9 in July

How does Business Confidence affect the economy?

When consumers feel more confident about the future of the economy, they tend to consume more.
If business confidence is high, then firms tend to spend more on investment, believing that the future payoff from that investment will be substantial.

By Google

i´m looking for a currency to trade but at the moment seems difficult
because most of them have the sentiment and the daily bias in opposite sides,
so, better wait for some alignment

$JNJ - COVID-19 vaccine candidate shows strong protection in monkeys, study finds J&J's phase 3 trials set to start in mid-Sep.

In an interview with Kitco News Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, said that the gold is not yet overvalued fundamentally and that there is more room for the upside heading into the US Presidential elections due this November.

https://www.fxstreet.com/news/gold-buy-the-dips-in-the-run-up-to-the-us-november-elections-bloomberg-intelligence-202007300916

coffee break

China x UK verbal war

China's Ambassador to UK Xiaoming:
There are unlimited prospects for China-UK cooperation post-Brexit.
I regret the UK relationship has run into a series of difficulties.
London has poisoned the relationship.
Some British politicians clamour for a new cold war with China
The UK will pay the price if it treats China as a hostile state.
It is not China but those on the other side of the pacific that want to start a new cold war.
We all know this is an election year in the US. That explains the attempt to scapegoat China.

China's Ambassador to UK Xiaoming:
China still believes that good relations with the US are in the best interests of both countries.
Asked if ties with the US have gone past the point of no return: I hope not. I hope common sense will prevail.

China's Politburo:
Current economic situation is still complex and sever.
Many problems China faces are medium to long term. China must be ready to fight a long-term battle.
Monetary policy will be more targeted in the 2nd Half of 2020

China’s Pres. Xi:
We should consolidate and expand results in coronavirus control and economic recovery to make up losses in 1st half.
We will strive to achieve 2020 full-year economic and social development goals and tasks.

i made some for a coffee and donuts
and now is ...

ej

yep, sentiment tells up
but daily bias tells down
in my case i will wait for a pullback and then try to see if sentiment doesnt change to make a buy

but it´s a good trade


meanwhile i´m sell uchf again

was quick and seems it will go more down

suddenly everything started to move