Short the USDJPY as the USD moves lower
It was a very light economic news calendar today. The DXY moved lower again for a third day in a row and the USDJPY set up for a trade before the other majors today. The pair had moved lower after the...
View ArticlePPI, Pop and Pullback set up EURUSD short
First we had Federal Reserve Vice Chair Lael Brainard saying the central bank should soon moderate the size of interest rate hikes, signaling she is favour of half-point increases as early as December....
View ArticleLong the GBPUSD as the DXY moved lower today
As the U.K. session got underway the GBPUSD moved lower to test its Asian session low, then broke above its Asian session high leaving a bearish doji candle. Price pulled back to test yesterday’s high...
View Article2023 Trading
In 2022, I experienced 2 different health scares which are now behind me. They served as a reminder that nothing is more important than our health. As a result of the two incidents, my trading and...
View ArticleShorting the USDJPY as the pair continues lower
Since October 21st last year the USDJPY has been in a downtrend making lower lows and lower highs. Today as the U.K. session got underway the pair moved lower, retested its Asian session low, before...
View ArticleShorting the EURUSD as the DXY remained strong to begin the trading week
A fairly light news day for economic releases to begin the week and the USD remained strong. There was an initial move lower after the U.K. session got underway, followed by a pullback going into the...
View ArticleLong the USDCAD as the DXY attempts to move higher following Powell’s...
A very bullish candle above its Asian session low set up a long trade in the USDCAD risking 10 pips for a potential 75 pips to our daily target at 1.3455. An hour before the U.S. session overlap often...
View ArticleShorting the EURUSD as the resilient DXY strengthens
The EURUSD moved higher early in the London session, formed a lower high and began to move lower with momentum and some solid overhead structure. A short was taken risking 15 pips for a potential 46...
View ArticleLong USDJPY and USDCAD The ultimate or terminal level of interest rates...
In June 2020 Chair Powell stated that the Federal Reserve was “not even thinking about thinking about raising interest rates”. Today he stated, “If the totality of the data were to indicate that faster...
View ArticleShorting the USDCAD as the DXY weakens from a bank bailout
As panic ensued following the collapse of Silicon Valley Bank, the U.S. government acted in order to protect the depositors and prevent the appearance of possible contagion in the banking system....
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