FX BOOTCAMP's Blog (314)

Forex Trading Strategy Session - FOMC Day

 FOMC press conference later today.  Will Yellen's team be less hawkish with oil prices dragging CPI data so low?  Only time will tell.  In today's forex trading strategy session, we go through all the charts and apply technical analysis: EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/JPY, NZD/JPY, NZD/USD, AUD/JPY, GBP/JPY, EUR/JPY, OIL, GOLD,…

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Added by FX BOOTCAMP on January 28, 2015 at 2:22pm — No Comments

Live Forex Trading Strategy Video: Dec 31, 2014

RECORDED LIVE: Today we cover EUR/USD, USD/JPY, USD/CAD, GOLD and OIL. We also discuss the importance of having a trading bias before you even look at your charts... for planning your trade setups and to reduce risk. A binary option setup was also discussed to hedge a spot forex setup for USD/JPY at…

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Added by FX BOOTCAMP on December 31, 2014 at 3:00pm — No Comments

Live Forex Trading Strategy Session (Video Archive)

Published on Dec 30, 2014 Recorded Live: http://tradersway.com/?ib=1049995 Today we give a detailed look at the USD/JPY and discuss seasonality vs profit taking. We then discuss a daily gold scalping strategy. We wrap up with GBP vis USD and JPY.

Added by FX BOOTCAMP on December 30, 2014 at 3:08pm — 1 Comment

Live Forex Trading Strategy Session (Video Archive)

Uploaded on Dec 23, 2014

Recorded Live: Today we focused on scalping the news. We started my analyzing 6 years of GDP results and their impact on the currency markets. We predicted a 30…

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Added by FX BOOTCAMP on December 23, 2014 at 2:30pm — No Comments

Recent Cycles in the US Dollar Index

On the chart to the left, the first half of each month is shaded in light green. The US dollar index has been up during the first half of the past seven months, and down during the second half of the past four months.…

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Added by FX BOOTCAMP on May 16, 2012 at 4:08pm — No Comments

News Preview: ADP Employment Report

Wednesday's New York morning session news schedule features ADP's National Employment Report, due out at 8:15am ET (12:15 GMT). The consensus forecast derived from a Bloomberg News survey calls for an estimated 170,000 workers added by US companies in April. The previous report showed that the private workforce grew by 209,000 in March.

The prior four ADP releases have had no lasting impact on the price of the EUR/USD or EUR/JPY…

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Added by FX BOOTCAMP on May 2, 2012 at 3:30am — No Comments

News Preview: RBA Rate Decision

The Board of the Reserve Bank of Australia (RBA) is scheduled to announce its latest policy decision and statement on Tuesday, 1 May at 12:30am New York time (04:30 GMT). Since the Australian central bank cut its benchmark interest rate by 25 basis points at each of its final two meetings of 2011, debate has centered on whether or not the RBA would cut rates again.

Of the 29 economists surveyed recently by Bloomberg News, two have predicted a 50bp rate cut, while the other 27 see the…

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Added by FX BOOTCAMP on May 1, 2012 at 12:00am — No Comments

Currency Correlations in April

Currency Correlation Matrix

Chart Key:

- strong positive correlation…

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Added by FX BOOTCAMP on April 30, 2012 at 4:25pm — No Comments

Trade of the Week | April 23-27, 2012

Recent trade of the week (TOTW) posts have featured one currency pair stuck in a trading range (EUR/USD) and another pair which showed potential to establish a new trend (USD/JPY). This week's selection is a pair that's been trending for some time.

The EUR/GBP currency pair has been moving from the upper left to the lower right of the weekly chart over the past several months. On 18 April, the…

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Added by FX BOOTCAMP on April 28, 2012 at 6:00am — No Comments

News Preview: Bank of Japan Decision & Outlook

The Bank of Japan (BOJ) is scheduled to announce its latest policy decision and release its semi-annual economic outlook report sometime during Friday's Asian trading session.

Japan experienced extreme inflation immediately following World War II due to ballooning government debt fueled by war spending and other expenditures. Over the 30+ years since the country's 1986-91 asset price bubble, Japan has seen a 20-year period of general disinflation (deceleration in rising prices)…

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Added by FX BOOTCAMP on April 27, 2012 at 2:30am — No Comments

News Preview: FOMC

The Federal Open Market Committee (FOMC) concludes its two-day meeting today. At 12:30pm New York time, the FOMC is due to release its post-meeting statement, and at 2:00pm the Fed will release its latest forecasts for US growth, unemployment, inflation, and participant projections for the federal funds rate (FFR) over the next few years. Fed chairman Ben Bernanke is scheduled to hold a press conference starting at 2:15pm ET.

When evaluating the FOMC statement, the first item traders…

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Added by FX BOOTCAMP on April 25, 2012 at 2:30pm — No Comments

FOREX VIDEO - European Outlook April 25th 2012

Added by FX BOOTCAMP on April 25, 2012 at 12:50am — No Comments

News Preview: UK GDP

The Office for National Statistics (ONS) is scheduled to publish UK first quarter growth domestic product (GDP) data on Wednesday at 9:30am London time (4:30am New York time). The ONS publishes three separate GDP estimates over as many months for each quarter. Tomorrow's preliminary release will provide the first estimates of GDP figures for the first quarter.

As the graph below illustrates, the UK has recently wavered between…

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Added by FX BOOTCAMP on April 24, 2012 at 7:30pm — No Comments

News Preview: Australian CPI

The Australian Bureau of Statistics (ABS) publishes figures on consumer prices in the so-called sunburnt country about 25 days following the end of each quarter. The latest report containing data for the first quarter is due out on Tuesday at 01:30 GMT (9:30pm New York time on Monday).

Simply put, this report can definitely rattle the so-called Aussie.…

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Added by FX BOOTCAMP on April 23, 2012 at 8:04pm — No Comments

Trade of the Week | April 16-20, 2012

My pick for this week's feature foreign exchange market trade could evolve into a long-term carry trade for currency traders who saw the opportunity, took it, and held it.

Three weeks ago today, I discussed in this post some factors behind the rough start the Japanese yen has had this year, and suggested that "it has…

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Added by FX BOOTCAMP on April 21, 2012 at 12:07am — No Comments

News Preview: Canadian CPI

Although Friday's New York morning session is devoid of major US economic reports, currency traders might want to give consideration toward a report from the Great White North. Statistics Canada is due to release its March consumer price index report at 8:30 am New York time (12:30 GMT).

The USD/CAD currency pair has moved a relatively modest 8 to 18 pips during the first minute following the release of the past eight…

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Added by FX BOOTCAMP on April 20, 2012 at 11:20am — No Comments

News Preview: UK Retail Sales

Friday's London trading session brings an economic report that has been known to rattle sterling, News flow during Thursday's London session will include the latest retail sales figures for the United Kingdom. The monthly statistical bulletin on retail sales from the Office for National Statistics is due for release at 4:30 am New York time (08:30 GMT).

As I discussed in my preview of last month's…

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Added by FX BOOTCAMP on April 20, 2012 at 2:08am — No Comments

News Preview: Spanish Bond Auction

Spain's Treasury, known as the Tesoro Publico, will auction between €1.5 and €2 billion ($2 to $2.6 billion) in two- and ten-year bonds on Thursday. Spanish bond auction results are typically released between 4:30-5:30am New York time (08:30-09:30 GMT). As I mentioned in this post, there's been a lot of recent media attention and market chatter devoted to this bond auction.

Those with a…

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Added by FX BOOTCAMP on April 19, 2012 at 4:28am — No Comments

Creating Your Own Bloomberg Market Monitor

I'm hearing a lot of media and market chatter about tomorrow's government bond auction in Spain. As I mentioned in today's live class at FX Bootcamp, results of that auction could fuel the euro move of the week.



For those of you who would like to monitor yields in some of the bond markets that traders are tracking, but have no access to real-time bond yield data, I recommend that you make use of a free online tool accessible through Bloomberg's web site. Here are the steps to…

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Added by FX BOOTCAMP on April 18, 2012 at 7:30pm — 1 Comment

News Preview: US CPI

You might say that the EUR/USD response to the release of last month's US CPI report defied recent historical norms.

I discussed last month's report and the post-news trade on the euro here.

Although the…

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Added by FX BOOTCAMP on April 13, 2012 at 10:35am — No Comments

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