18th Oct 2018 - Forex Diary


hey all

sorry re lack of posts.....ive been helping on the house renovation and also spending some time talking to a few Trader mates I used to mentor ....... been fun and a pleasant distraction from stripping wallpaper !

its been a fairly tight day today in the G8 forex market ..........the 8 currencies hung really tight until us opened ........(so the london morning session was light)

GBP has sold off swinging 50 pips from its London highs....Yen is the alpha Bull now up 60+ pips from London low ......most other currencies are pretty tight rangy .......

for the week i was expecting more action off the GBP .....the brexit rumours are off the charts so i thought it would really make cable a go to pair all week.....and is was monday / tuesday with cable bull going well.....selling off since .....

NZD kiwi dollar is buy of the week ......well done if you bought it ......but beware tomorrow and traders closing trades .......yen , Euro , even USD all been weak at times ......pretty evenly spread

have a good evening gang N


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