I wanted to update you on my thoughts around the AUD/USD. If you have been following by blog posts on the Aussie currency you know I have been shorting for a while now and posted that I believe the top was going to be around .9500 which was put in almost to the pip. With…
TRADE CALL RECAP Yesterday we were watching two news releases. First was the UK CPI, and we were looking to enter if the deviation met our safe trigger of 0.1%. The actual number came out with no deviation, so we did not enter this trade. To see the video from this trade, click on the…
Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing.
Well since we did not learn from our past as I mentioned last week, we are now about to repeat it. By that I mean it looks like we are going to see a global correction, even deeper than we have already seen. The fact that the FOMC is becoming the largest mortgage holder in…
For months now traders have been talking about the falling Dollar. Much has been made in the media about the Dollar being the world’s reserve currency. Well it looks as if that is all coming to an end. Global investors have been throwing Dollars overboard for some time and we may now see them turn…
TRADE CALL RECAP Our last live trade call was for the US CPI report, which was released last Friday. We were looking to long the GBP/USD if the number came out at least 0.1% worse than expected. The actual number came out with a deviation of -0.2%, so it met our safe trigger and several…
Its been a while since my last post around this AUD/USD. If you remember I suggested traders to look for a top around .9495/05 then shooting for 90 cents longer term for around a 500 pip target. The high was actually 9501 so we saw are level hold fairly well resulting in a move down…
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered US Retail Sales report this morning. We were looking for a deviation of 0.5% to enter a trade. The number came out with…
TWO TRADING OPPORTUNITIES LATER TODAY There will be two opportunities to trade tonight. The first will be when the NZD Retail Sales report is released at 5:45 pm EDT. The expectation for this report is 0.3%. We have placed a safe trigger of 0.3% for this release. This report has met our safe trigger in…
In the Foreign Exchange Market, there are no absolute guarantees, but learning to trade Live-on-the-News (LOTN) is as close to a sure thing as you will find. This kind of Forex trading makes the most of the fundamental elements of the market.
Last week we saw a lot of news about the Dollar hitting new lows and commodities hitting new highs. All of this in the face of a Fed. that refuses to even acknowledge the existence of inflation. Well trust me, inflation has been around much longer than even this country and will continue to be…
Comments: The Dollar continues to get hammered as we edge closer to the next FOMC announcement. We do expect them to cut by at least .50 and .75 or even 1.00 is not out of the question. The .50 cut is already priced into the dollar but more than that and we will likely see…