Currency markets are hanging on every European headline, so this strategist has a trade in another direction.
How best to describe the currency markets now? How about "headline driven, vicious, range-bound?"
That's the opinion of Todd Gordon, co-head of research and trading at Aspen Trading Group. So instead of trying to maneuver in the euro zone, he's looking east.
In particular, Gordon told CNBC's Scott Wapner, he's looking at the conflicting pressures on Asian economies. "On one side of the trade, we've got the inflationary, positive U.S. data trade driving these economies higher," he says. "In the east, we have China lower, we've got copper lower, which is forming a big technical divergence." And that means opportunity.