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Sup, dawg! It's fresh trading week, but we'll start by checking up on our old setups for GBP/USD and CHF/JPY. Of course, we'll be lookin' for fresh short-term plays as well.
The pound was broadly in demand during today's morning London session while the Greenback had a more mixed performance after tumbling during the earlier session.
Looks like the odds weren't ever in the GOP's favor these days as the Trump administration failed to repeal Obamacare and replace it with their new healthcare bill. What does this mean for the U.S. economy and the dollar?
Lots of major economic themes to look forward to this week! Here are the chart levels you need to watch, as well as the potential market-movers we should watch out for.
Ranges, trends, and breakouts... I'm seeing 'em all on the 4-hour charts of EUR/JPY, GBP/JPY, and EUR/GBP this week as Article 50 is about to get triggered!
The comdolls are currently testing major inflection points against the Greenback so I'm on the lookout for potential end-of-the-quarter reversals this week. Check out these upcoming events and significant levels to watch, too!
Caught a couple of wins with the Inside Bar Momentum Strategy this past week! I'll round up the performance of the basic version of this system for the quarter before implementing tweaks next month.
Momentum remains strong to the downside on NZD/JPY after a break of the strong support around 81.00. Does it still have legs in the short-term?
Unfortunately I didn't get any valid signals today so I had to sit on the sidelines. See how it all went down in today's Cowabunga Surf Report.
Political headlines are back in the spotlight with risk aversion in tow, dragging commodities, equities, and higher-yielding currencies lower in the past few days. What's up with that?!
The US dollar is getting whacked today against the euro, yen, and pound...but in this risk-off day where stocks are getting clobbered, the dollar is holing up against the commodity currencies.
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.