Friday’s US GDP release did nothing to wake the markets from its summer slumber and it would appear that we are in for more of the same at the start of the week, although with all the CB action, along with the US jobs report, we should see some more interesting price action in the days ahead.
For Monday, the currency markets have very little to offer and the only real directional play seems to be for more downside movement in the stock markets, where the Nasdaq is leading the way lower.
No trades today, while the markets remain in sideways mode. Longer term, I still prefer to look for levels to buy US dollars.
By July 30, 2018
