…Or lack thereof.

Too much in the way of news this week. Everyone seems to be waiting for something to push them in one direction or the other. There’s going to be a breakout, and I’m afraid it might still favor the dollar.

Barclays came out to see they didn’t need any money from the British Government to keep things going. This might give the markets a slight boost, but I am not sure it is enough. There were some pretty dismal Consumer Confidence numbers from the US. There’s also more data expected for the rest of this week. All of this might mean that the dollar’s rally against everyone else (except the Yen) continues for some time yet.

I’m sitting this one out…just for today anyway. I’ll be keeping an eye out to see what happens. I’d like to catch the break when it happens…

Happy Trading

By admin