Friday 10 November. US session.

Today's Consumer sentiment data ( especially the higher inflation expectations) combined with a hawkish Powell and a soft bond auction yesterday has caused a mildy 'risk off' tone. The British pound has been hit thanks to sluggish GDP and the Aussie and Kiwi are feeling the effects of the mildly negative risk tone plus feeling the effects of slightly negative data coming out of China. Personally, I haven't deemed the 'risk off' tone to be strong enough to place a trade (especially because it's Friday) but I'll be studying weekend news with intrigue and I currently think I'll be looking for long dollar opportunities.

Weekly review to follow: enjoy your weekend.

If you have any questions, feel free to email: johnelfedforexblog@gmail.com