Greetings Again, Everyone!
While we are still locked in these Sideways Ranges of Consolidation on most Units from an IntraDay Perspective, we are seeing some Activity as the European Markets and London gear up for Institutional Return.
Of course… it is my Murphy’s Law Equation… where 5 Minutes after the “Currency Majors Technical Perspective” Report is published… Activity comes into Play!
( At 7:00 GMT now… Catalysts do come into View with more Short-Range Launches out of North Korea, GDP out of Germany comes up short, and European Equities are opening lower…)
The Activity so far is not relatively Significant, as Catalysts are needed all around to Clip all of these Tight Ranges we are seeing, although after “Watching Paint Dry” in The Markets yesterday… it is nice to see some Volatility begin to emerge!
The Macro-Political Situation with North Korea brought some slight Risk-Aversion back into View from IntraDay Perspectives, although the “Motivation” here maybe simply for Bullish Builds to find more favorable Effective-Costs as the Dollar and Yen may strengthen slightly in this type of Climate.
We use the EUR/JPY for Illustration here, as the Euro Itself is showing a Decrease in Apprecation. This may certainly “Bleed Out” to the other Yen Crosses as well…at least in the Immediate-Term.
Here is the Hourly Capture, so give it a Click for Commentary and a Key Fib Variant that may come into Play.
Post-Time is 6:50 GMT.
Please join me again as we pick up more Liquidity and Volume with a return to a “Normal Trading Day” across the Globe… and we see if out Dollar and Yen Ideas come to Fruition after all!
A Blog of Commentary and Ideas from an FXstreet Premium Member by 

