This market can’t make up its mind GBP/USD is trading down close to 1.7100 and EUR/USD is also sliding towards the session/overnight lows at 1.3520. European stocks are doing their best to give up yesterday’s gains. Oil is well up, Gold slightly up, S&P futures are showing a 11 tick loss and Dow -50. USD/JPY is going nowhere fast at 101.47 and it’s all indicative of a trendless market interspersed with the odd volatile injection now and again. Very tough to eek out decent gains, particularly if you’re invested in the recent sharp moves and now have to wait it out. America is bullish but the dollar isn’t responding. The UK is buoyant but the pound has come a long way Europe is Europe but the euro refuses to go down. Very frustrating
Posted on: Thu, 17 Jul 2014 11:23:40 +0000
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