“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” – George Soros
Another slow day has passed and not much has changed since our mid-week update. The only thing keeping everyone awake is ‘Tesla Twitter’ as volumes continue to be extremely low, even for a summer day > check out ES yesterday… almost worse than a pre-holiday half day!
We continue to see choppy but interesting action in the currencies as the DXY hovers around that pivotal 95 mark. Today is the first day in a while that we would be interested in focusing on the GBPUSD chart: