Tag Archives: forex

Forex Highlights

Heaps of good trading in FX this week. We have Fed minutes and ECB report and then quite a big day of data on Friday.

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USD Index Breaks Support

The USD Index daily has broken below support. The EUR and CHF are both up quite strongly against the USD this week. We will be hearing from Bullard from the Fed and the ECB’s Draghi this week. See what happens … Continue reading

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Euro Pops With Macron v Le Pen

After the first round of the French election Macron is in the lead over Le Pen as they now have to go in for a second round of the election process.                                              pic Reuters I took this EURUSD intraday as … Continue reading

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USD Hung Up On 50 DMA

The USD Index daily is hung up on the 50 day MA resistance. It is unlikely to break out now since the FOMC minutes were not so hawkish as some might have expected. Bond yields have been flattening since FOMC … Continue reading

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Yellen Hawkish

Yellen has been under the pump at the testimony but she is sticking to her guns that the Fed can raise rates imminently. She is sticking to the dot plot of three hikes for 2017. This is likely to be … Continue reading

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Forex Templates

This is what I call a forex shebang-a-bang. This is when you are right in the pocket. I have been looking for a chance to really pin my ears back with these templates and this was it. I get it … Continue reading

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Template Study

Don’t panic and take an exit that is not there. Let the template do the work. Don’t try to anticipate. If you had your stop too tight and it gets hit, no problem, just re-enter the trade if the indicators … Continue reading

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USD/JPY Study

Just a quick look at how USD/JPY is going. I am looking for a rally and then a continuation of the selling. Bond yields are down which does not give evidence for much upside in the $USD but there can … Continue reading

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Forex

As Warren Buffett says, “When the tide goes out you can see who has been swimming naked.” The Fed has been harping on unwinding their balance sheet for so long now that I think even they are getting bored with … Continue reading

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USD Index Key Level

USD Index daily held the 50% Fibo which is also the key weekly support. The Fed is expected to leave policy unchanged this week. It will be interesting to see what happens. daily momentum is strong bearish

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