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, …
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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 …
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One of the rules I have is not to put on positions late in the day during the New York session unless there is market-moving news I can capitalize on. As a human trader, I break my rules more often than I would like to. I put on a long …
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The US and UK are on holidays but I am certainly not. I realize trading is thin but there are still opportunities in USDCAD (oil down) and EURUSD (Italy woes). USD was bid overall and DXY hit 94.46. I did think last week that 94 will be a strong resistance …
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