A quiet session so far understandably given the data risk ahead 4 Aug
Yes folks it's the calm before the storm again as we wait on US NFPs and average earnings at 12.30 GMT
Some previews here
I don't have a crystal ball and I can't find my runes to polish up so, as always, I suggest we let the algos do the knee-jerk either way and be poised to jump in as appropriate.
I still say that the Fed won't be rushing to hike rates on one piece of decent data (were that to be the case) so I remain USD bearish, and that explains why my GBPUSD trading of late has been a little less active, preferring to jump on my other pet love EURGBP instead.
GBPUSD currently 1.3150 , EURUSD 1.1880, USDJPY 110.03, USDCAD 1.2570 AUDUSD 0.7970 all having the morning off in real terms so we'll stand by waiting to trade the moves later.
As I repeat here frequently, ours is not to reason why, ours is but to sell and buy and make the most of the waiting.
Calm before the NFP storm (hopefully)
