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Risk On/Risk Off

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Exciting times, strong US economy mixed with trade war threats and counter threats.

 

Strong NFP and surge in indices is risk on so also likely US dollar weakness against all currencies except Yen. Weekly pin bars on EURUSD and USDJPY may be the precursor to that play and another attempt on the long term down trendlines but the trade war threats will continue to stir the mix especially with Trump deciding to take them all on at once (China, Europe, Canada).

 

 

EUR_USD_20180604_09.09.pngUSD_JPY_20180604_09.07.png

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