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Update USDCAD: Current Price: 1.0168 at 11:40 EDT – Last week in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 still seems to be holding the bulls from climbing. Now I am looking for a sell…
JOBLESS CLAIMS PROVIDES UP TO 35 PIPS OF PROFIT This morning we were watching two reports. The first was the UK Retail Sales report, and we were looking to sell the GBPUSD if the number came out at least 0.5% worse than expected. The actual number came out with a -0.1% deviation, so it did…
USDCAD: Current Price: 1.0189 USDCAD at 10:40 EDT – Today in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 seems to be holding the bulls from climbing. A breach of that area should take it to…
For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for. For traders interested in trading the news, the JPY reacted to the Jobless…
CANADIAN RETAIL SALES PROVIDES UP TO 50 PIPS FOR TRADERS This morning we were watching the Canadian Retail Sales figures, and we were looking to long the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.7%, so it met our…
General Comments: Commodities have been trying to extend the rally we have seen but besides Crude Oil, most commodities are quite a bit below their highs. We are looking for a consolidation range to become the new near term norm. We are expecting a lot of two sided chop with little to no directional bias…
USDCHF: For those that are already taking part in the Bank Flow room, the post came in yesterday for a buy at the 1.0015 area. I have had traders reporting upwards of 100 pips profit from today’s moves. USDJPY: Current Price: 103.60 at 11:45 EDT – I will be looking for an intraday sell at…
TRADE CALL RECAP For our last live trade call, we were looking at the Canadian CPI last Thursday, and we were looking to enter a long on the EUR/CAD if the deviation met our safe trigger of -0.2%. The actual number came out with -0.1% deviation, so it did not meet our safe trigger and…
We had another extremely profitable week of Bank Flow trading this past week. Several of the trades had multiple targets and we utilize a scaling out process. Assuming you followed the directions that Jonathan gave, your total on your best positions (including losses) would be approximately 382 pips. There is a breakdown below of the…
TRADE CALL RECAP Our last live trade call was for the US CPI report which was released this morning. 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 no deviation, so it did not meet our safe trigger and we…
OUR NEXT LIVE ON THE NEWS TRADE CALL Tomorrow we will have an opportunity to trade when the US CPI report will be released at 8:30 am EDT. We will be focusing on the US CPI Excluding Food & Energy figure. The expectation for this report is 0.2%. We will be looking for a deviation…
This week we have a full report schedule. We have both PPI and CPI coming out mid week and we are in the midst of earnings season. We expect to see more pressure on the Dollar as it continues to try and put a base in. We continue to expect the Dollar to bottom here…