dingo.forex

Well it's 5 minutes after news time and the price is right back where we started at. Why is that you ask? Well we had some great news items today such as Durable Goods and Core PCE. Unfortunately for traders these events came out at the exact same time. Too much consflicting economic data at the same time causes uncertainty and whipsaws in the market. Not to mention we have to root through all the numbers and determine whats what in the over sentiment. Is it good for the dollar or is it bad for the dollar? Well one item is good and one item is bad, so which is more important? Very confusing to trade! So I guess what I'm getting at is no trade for me off the 8:30 news. I had a long GBP/USD last night above the pivot, taking profits at H3. But other than that I haven't done much today. Hopefully there's some end-of-week volatility yet to come for us before the holiday is upon us. Stay tuned for further updates!

• LONG GBP/USD for +11