Daily Forex Strategy – July 9, 2014

With The Fed minutes being released this afternoon, it’s pretty fair to say we’ll be going “nowhere fast” here this morning. That’s fine – we’re used to that. I imagine this will peter out within the first hour of trading if not immediately.

Trades either long or short USD still hang in no man’s land, and we couldn’t possibly be as lucky to expect “two days in a row of consistent trend” now could we? Of course not.

So we keep riding the see saw with Nikkei up +80 here this morning, and Fed minutes in the afternoon.

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