“You can’t hit a home run unless you step up to the plate. You can’t catch a fish unless you put your line in the water. You can’t reach your goals if you don’t try.” – Kathy Seligman
Not wanting to sound like a broken record but as we discussed in our latest weekly outlook video the short-term focus is on potential event risk this weekend with developments in North Korea and with Hurricane Irma. Unless we get something spectacular out of the ECB today we would suspect euro to trade in the boarder range and for any dips to ultimately find buyers. Might want to keep an eye on the Bund too…
Apart form the charts we discussed in our Waiting for the Weekend post, we will been keeping a close eye on possible tactical intraday basing action on EURGBP and USDMXN.
As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.