July Forex

For sure..that LB hit the 50 period and held.

daily fx is saying the usd correction has the potential of being pretty epic

im thinking that those 2q numbers could be the catalyst that the usd needs to rally

To me the USD goes up and down with the market and the flight either away or to the currency.

Market down, USD up, market up, USD down.

Same goes for the Yen..

Since most currencies and economies are in similar "boats" the state of an economy and the markets trading action determine where the currency goes.

So if the USD is going to rally, then the US markets are going to get knocked.

I listen to some currency doobs on Bloomberg and they make no sense to me, they say the stock market down and the USD down..I dont get that at all..so money coming out of equities AND out of the US currency, so where are the big players going to park the money?

good point wall, 

pound making another run at 1.66... ill be looking for a break above or sell signals below

No doubt, check the LB.Yen, it is on fire today, huge candle on the 1 hr chart, on a day chart it is up to some failed resistance back in June.

The way they couldnt crack the stock market and how it is going up today makes me think the LB has a chance to break through these resistance levels.

I think some shorts got fried on stop losses with the LB.US pair, she moved 200 pips in the last two hours.

LB touching some serious resistance right here, if they hold this level on close then the next resistance isnt until 1.74 plus.