Guys, I don't know but I have a feeling the USD is currently undervalued. The numbers were really good again. The reaction was low,- except on USD/JPY. I'm not sure what is going on but the USD has a huge discount currently in my opinion. Especially on GBP and CHF. Not sure what is going on here.
The 600 pip move on GBP is rediculous if you watch/compare the numbers. But we have seen that all over the board. Extremes after extremes, in almost all currencies.
Edit: what makes me curious is who is keeping it up (for example GBP). You need a lot of power for that. I only can explain that by low liquidity due to summer time which ends tomorrow.
The 600 pip move on GBP is rediculous if you watch/compare the numbers. But we have seen that all over the board. Extremes after extremes, in almost all currencies.
Edit: what makes me curious is who is keeping it up (for example GBP). You need a lot of power for that. I only can explain that by low liquidity due to summer time which ends tomorrow.
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