Against my better judgments, I set my trades in the wrong direction during the London open, mainly due to exceptionally loud noise concerning the Ukraine crisis. I actually expected to see gaps on the majors simply for that reason, but ignored what my eyes saw and my mind knew so I will have to recoup some loss today but the lesson I learned was invaluable… Wait and eyeball the charts because hesitation is a sign of doubt and my gut…Continue
With an $84 billion dollar shortfall in the Euro banks and the cloudy outlook on fed tapering next week, I expect an interesting and indecisive challenge for the USD. However, It seems to me the biggest currency moves throughout the forex market will be due to the outcome of Davos. Where they are seemingly hashing out ideas that include Euro-zone discussions with the UK and Japan’s expected tailwinds from inflation growth.…Continue
Since hump day is quiet both in my office and on the charts, I’m taking a day of acumen. I am going back over the last week’s trades, and looking ahead to the weekend.
First off I took a chance on the EU going for a Long wild ride above 1.3591, mainly because I thought I saw a double bottom on the daily chart, and she was inching upwards last night. She made a good effort, but never quite got there, which I’ll add was…Continue
After a little positive video watching (military dad surprises son) and some Bloomberg, Reuters mash to prop up my ideas and I’m good to go again although I might have to wait on the USD holiday to see any real movement on my charts, I’m ultimately posed to the upside on the dollar and here’s why. It seems the UJ does not fall far from the 104.2 zone and the EU can’t seem to get enough steam to pull up to the November 2013 highs of 1.357, which…Continue