Death by a thousand cuts! Okay maybe not. Luckily, this trend-catcher was able to offset its small losses by catching the biggest moves during the week!
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The Aussie took center stage in today's Asian session trading, as Australia printed its inflation data for Q3 2016. Here's a summary of what happened during the session!
The Greenback enjoyed a pickup in the value of net long positions for the FOURTH week in a row, extending its positive streak to a month already. Which market themes were in play?
Pound pairs have been tanking again, but it looks like GBP/CAD is still in correction mode so I'm watching these retracement levels closely.
And I'm in! Stronger than expected Australian quarterly CPI could be the catalyst for an upside breakout and reversal on AUD/NZD. Here's the setup I was watching.
It's all about the yen on today's canvas, as I bring to you forex trading opportunities on EUR/JPY, GBP/JPY, and CHF/JPY!
Unfortunately I took a small loss of -16 pips off of one trade today. See how it all went down in today's Cowabunga Surf Report.
If you’re planning on trading the much-awaited quarterly CPI report from Australia, then you should at least know these four things before placing your orders. Read up!
It looks like EUR/AUD is hesitating to head further south so I'm booking my profits right here while staying on the lookout for another break lower.
If you’re good at picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t be afraid to take a contrarian approach to your trades.
If you look at the near-term price action of the Canadian dollar (CAD) and Norwegian krone (NOK) and assume these two currencies tend to move in tandem with oil prices, it might suggest oil is about to head south, despite the vaunted agreement to control production.
New euro trends seem to be working out for the SMA Crossover Pullback forex mechanical system lately. Here are the latest positions.
There are times when the market narrative leaves us knowing that the markets may not be done adjusting or REadjusting to a new twist in the plot. The GBP is such a story.