PCE data in line with expectations, personal income and spending slightly up, all in all, when I saw the data, I felt it would potentially be good for the S&P and also the USD. But both the S&P and the USD are nonplussed.
The GBP has positive momentum, but it's not something I can hang my hat on while the rest of the currencies are behaving incoherently. All in all, i'd like to place a risk on trade, but I don't have conviction in the direction of the currencies over the next few hours.
Which means I'll close the book on a week of only trade, which stopped out. Mildly disappointing but I look forward to the new week.
Weekly Review and currency overview to follow. Wishing you a lovely weekend.
The GBP has positive momentum, but it's not something I can hang my hat on while the rest of the currencies are behaving incoherently. All in all, i'd like to place a risk on trade, but I don't have conviction in the direction of the currencies over the next few hours.
Which means I'll close the book on a week of only trade, which stopped out. Mildly disappointing but I look forward to the new week.
Weekly Review and currency overview to follow. Wishing you a lovely weekend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.