6.2.2014 – silent week ahead of decisions

Yesterday was very silent in terms of any action in Forex world. Everybody is expecting ECB and BOE to make a rate decision. So far EURUSD trading in its four days range. Only currency which was moving pretty decently during asian session was AUD due to the news. Everything else, still.

If you look at the performance for the last week of 10Y BONDS (/ZN), Dollar Index (/DX) and S&P500 (/ES), you will find out that from Monday evening there is not action in the market at all. Everyone is waiting on sidelines. And you should too. If the big guys do not know how to play this market, how can you?

And here is just a look at VIX. Again near its 16months high. But this time, it might be different. Look at the volume, this buying is heavier than the one with the preceding peaks. Are we heading towards more volatile times?

I will end this already expired post (because by the time I post it, it is already yesterday news) by the quote from Jessy Livermore:

It was never my thinking that made the big money for me, it always was sitting.

So sit back and take only the best plays.

Have a good one.

lechiffre