Tag Archives: Forex

President Donald Trump retaliates back at China on Friday after the FX markets close, by increasing American levies on Chinese goods. Frankly, it doesn’t look as bad as the market probably thought. Guess what? Here we go again with financial media looking to milk the fear. Will not be surprised …

EUR/USD killed me today. I was having fun buying 1.1380s and selling 5 to 6 pips higher but as usual, the market reminded me that buying dips when momentum is on the other side is like picking pennies in front of a steamroller. I did think EUR would be bid …

Yesterday, I highlighted that USD was bid during the North American session and was offered in the Asian session. That is still the case today. USDJPY is trading around 110. It is below it is daily pivot (110.12) and I see it hitting at least the first resistance at 109.80. Today, …

Tuesday’s trading session was as exciting as the volatile FX markets can be. The Euro caught a bid on a rumor reported through Bloomberg that the ECB is said to see June 14 as a live meeting to debate the QE exit. I was fully loaded trading USDCAD but couldn’t …

I will be updating in the morning going into the NY session. EURUSD: Overall EURUSD will struggle to move above 1.18 in short-term. The newly formed Italian government eased uncertainty end of last week, but there are still worries given the fiscal path that the new populist Italian government will …

Quick note here. $DXY hit 94 and I consider this a key area to watch out for. I do see a possibility of fading this area. US 10 year yield is going lower here and DXY could follow. $EURUSD hit a low of 1.1720 and I have 1.171o as an …

Monday is a holiday here in Canada. Happy Victoria Day! Usually, I do not trade much Sunday night. I do prepare for the week ahead. I read some research and look at charts. But I opened up my charts and liked the action. I went long $USDJPY at 111.82 (Daily …

I was feeling sick last night.  It screwed my routine. Lacking sleep, I woke up usual at 5 a.m. but tired. Contrary to the customary I did not check FX prices. I did not open my Bloomberg app. I showered and got dressed up.  The markets were not in my …