Today's intraday chart update is kinda special in that we'll be reviewing last Thursday's setups for EUR/CAD, EUR/GBP, and EUR/CHF. Of course, we'll also be looking for new setups as well.
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Europe got swamped by another wave of risk aversion, so the safe-haven yen was in demand yet again. Meanwhile, reports about Iran's refusal to join an oil deal took its toll on oil and the Loonie.
Why are more and more central bankers calling for fiscal policy changes? Let’s revisit the relationship between monetary and fiscal policies and why it’s important to combine both to achieve growth.
Since the RBNZ hinted that it's willing to lower rates further, I'm gonna jump out of this long Kiwi position before it starts tumbling.
The value of net long bets on the the Greenback fell again. However, the latest COT report shows that the Greenback had a mixed performance since it advanced against the Aussie and Kiwi, but got pushed back by the pound.
So much for that GBP/CAD short! The pair did move in my trade's direction but my adjusted stop loss was hit on that Loonie selloff.
Looks like I caught the wrong side on this one so I've cut my losses quickly with this CAD/JPY setup. Think I should hop in the opposite position?
Today we're exploring the five of the most common mistakes that newbie traders make. Which one can you relate to the most?
Ready for the last trading week of the month? Here are the major chart levels as well as possible catalysts you might want to watch out for if you're trading major dollar pairs this week!
Given that Janet & Company sounded so “hawkish” when they were sipping wine and eating cheese in Jackson Hole, reporters at the recent Fed press conference asked if waiting till after the election to hike rates might be politically motivated.
Not the best week for the SMA Crossover Pullback system since dollar and yen pairs were treading carefully before the FOMC and BOJ statements.
Unfortunately the two possible signals I had were close to news events which kept me from entering. See how it all went down in today's Cowabunga Surf Report.
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.