Last week has been relatively quite. I will try to cover in the coming weeks and make the most out of it.
Coming week will be active and I am expecting it to be more profitable than the previous week. FOMC meeting and statement on thursday will be interesting to watch. Australian Monetary policy meeting on tuesday will be interesting to but for AUD pairs only. AUDUSD is likely to get stronger in the coming weeks. So will be the…
Good Afternoon Everyone!
I have been missing trading and you guys for the past 5-6 days. I couldn't put my blog because I was travelling and doing lot of other stuff. Let's talk about the Market now.
Last week we saw a strengthening in USD which was somewhat you can say was due to Bernanke speech 3 times in a week. Bernanke Generally doesn't give speeches 3 times in a week so investors and market got…
Good Morning everyone!
Last night Ben Bernanke has done it again. He had done in the past and once again he did what Draghi or any other politician couldn't do.
The committee threw some hard questions and questioned his credibility about the future forecast but he answered the questions in his fashion and defended his QE very strongly. He was also suggested that he should take other members in the FOMC seriously. His defence against QE took USD down against all currencies and…Continue
Good Afternoon everyone
It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…Continue