Trends are fun, consolidations are frustrating. We’re now consolidating the recent bull run in EUR/JPY and the components are each doing the same. The trend for all three remains higher but the easy money may already have been made. Only a an algo would look to put on a major position in the last six trading days of the year…
Next up for Mr. Market to digest is the third look at Q3 US GDP. Growth is expected to clock in at 2.8%.
