The US economy is slowing as seen in the 2s vs 10s yield spread tightening; i.e. the flattening of the yield curve.
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Yo! I've got a couple of chart patterns on today's intraday charts menu. To be more specific, I'm serving up a rising wedge on USD/JPY and a rectangle pattern on AUD/CHF. Get 'em while they're still hot, dawg! Hot dawg. Get it? Never mind.
Lots of action in today's morning London session, with the pound getting slapped lower after the U.K.'s Q1 GDP got downgraded and the Loonie getting dragged down by slumping oil prices. The Loonie was the weakest currency of the session, though.
Hello, forex friends! In case you missed them yesterday, the BOC gave its latest monetary policy statement and the minutes of the May FOMC huddle got released. And here are the main takeaways from those two top-tier central bank events that you need to know about.
In case you've been living under a rock, you're probably aware that bitcoin has been setting one record high after another in the past few days and might keep going for more. Here's what you need to know if you're thinking about joining the cryptocurrency bandwagon.
I'm still feeling bearish on the Aussie so I'm looking at another potential short play on AUD/JPY. I'm waiting for a bit more momentum before jumping in, though.
One of the most common beliefs in any high-performance endeavor is that practice makes perfect. Unfortunately, repetition does not always guarantee progress.
Decided to close out my NZD/CAD for both fundamental & technical reasons. Here's a quick review of thoughts and how the trade turned out!
Another day with 2 trades?! But did it turn out any better today? Find out in today's Cowabunga Surf Report.
It looks like the trends are resuming on the pairs I'm watching again, which could mean more winning signals for the SMA Crossover Pullback system from here.
I think it's about time I called it quits with this one as the pair seems to be eyeing further downside. Here's how it all turned out for my GBP/AUD long position.
Lots of potential market-movers on the docket this week, forex friends! Make sure you've prepared for the possible inflection points and catalysts before you put on any orders!
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.