The European Central Bank (ECB) reported during today's London trading session that it will provide €529.5bn in 1,092-day loans to 800 banks. As I mentioned to the live class at FX Bootcamp moments after the so-called LTRO 2 announcement, the notable number here was not the 529, it was the 800. The LTRO 2 participation rate was 53 percent higher than the 523 banks who tapped LTRO 1 in December. That suggests lower…Continue
Added by FX BOOTCAMP on February 29, 2012 at 8:43pm — No Comments
Finally looking like some decent pullbacks are underway. Going to be sticking with my USD bearish sentiment, therefore continue to build plans to long the Euro, Pound Aussie, short Swissy etc.
There is some Aussie and Chinese new to digest also. Looking forward to a great session.…Continue
Added by FX BOOTCAMP on February 29, 2012 at 8:15pm — No Comments
Tomorrow is a leap day which brings what is arguably the feature news event of the week. At around 1015 GMT, the European Central Bank (ECB) is expected to publish the results of its second long-term refinancing operation (LTRO).
According to a Reuters poll of 30 euro money market traders conducted on Monday, the consensus expectation is an allotment of €500 billion, with forecasts ranging from €200bn to €750bn.
On December 21, in its inaugural 3-year LTRO, the ECB allotted to…Continue
Added by FX BOOTCAMP on February 29, 2012 at 2:33am — No Comments
The euro remained range-bound against the dollar through the early part of today's New York morning session. The Irish prime minister announced that the Emerald Isle will hold a referendum on the European Union fiscal compact, and the media reported that hedge fund manager John Paulson foresees a possible euro breakup. Both reports stirred the EUR/USD currency pair, which fell more than 40 pips after the US equity market open, then recouped its losses during an 80-pip rally.
Added by FX BOOTCAMP on February 28, 2012 at 10:22pm — No Comments
Be careful with the Aussie dollar today. They is a Labour Party leadership vote which is essentially for the Government leadership. This is the sort of this that can send the Aussie in any direction and a quick pace!
Therefore I will be focusing on pairs such as the Euro where it looks fairly obvious the direction. Going to be keeping the USD bearish bias in…Continue
Added by FX BOOTCAMP on February 26, 2012 at 10:29pm — No Comments
In today's European session, going to be having a good look at the Aussie dollar. Looks like it has found enough support and wants more of that 1.10 area again, therefore going to have my bullish hat on!
I am going to be careful going in to next week on the Aussie however. Monday see's a fight for the leadership with the Labour Party, therefore the Aussie…Continue
Added by FX BOOTCAMP on February 24, 2012 at 2:45am — No Comments
Tons of Aussie News in Today's Asian Trading Session. I forgot to post a reminder to attend the open webinar, but you can still review the video while its still fresh:Continue
Added by FX BOOTCAMP on February 22, 2012 at 12:49am — No Comments
Lots of whipsaw action today in the currency markets. Today in the European session I'll looking at "risk on" and "commodity" currencies. You can see here on the 3 min chart that I started Asia ok, but I'm back near breakeven. Hope is NOT a strategy, but praying never hurts.
Join me for the European Open:…Continue
Added by FX BOOTCAMP on February 21, 2012 at 6:20am — No Comments
Added by FX BOOTCAMP on February 19, 2012 at 3:51pm — No Comments
REVIEW THE VIDEO HERE AT FX BOOTCAMP…Continue
Added by FX BOOTCAMP on February 8, 2012 at 12:05am — No Comments
RBA decision later this evening. So in this live market review, we take a look at the AUD/USD
Cilck Here To REVIEW The Video…Continue
Added by FX BOOTCAMP on February 7, 2012 at 12:34am — No Comments
We are about to start the live market analysis for the Asian Open. Today I plan on discussion the AUD/USD you see here, as well as the EUR/USD
Join Me Live | …Continue
Added by FX BOOTCAMP on February 5, 2012 at 10:59pm — No Comments