Risk appetite started on shaky footing on the back of an explosion in the U.K., but the tides soon turned in favor of higher-yielding currencies despite a lack of economic catalysts.
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Large players finally boosted the value of their net longs bets on the Greenback. However, the latest COT report shows that positioning activity is still a mixed bag of nuts. Also, the Greenback advanced mainly at the expense of the Aussie and the yen.
Uh oh, I"m not feeling too good about this GBP/AUD long position so I might have to consider exiting early. Think it's time to cut losses on this one or hold on?
Who's ready for trend plays this week? I hope you are because these forex trend setups on USD/CHF and AUD/USD are too good to miss!
Can boredom work for forex traders who thrive on volatility? In a word, yes. Here's why.
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!
Gather 'round, Loonie traders! This week could be a particularly volatile one for the Canadian currency with the Bank of Canada's interest rate decision lined up. Here's what you need to know if you're trading this top-tier event.
The Canadian dollar could be front and center of forex price action this week, with the BOC decision and the OPEC meeting coming up! Here are the setups and inflection points I'm watching.
A good number of inside bar patterns formed on USD/JPY and GBP/JPY recently but only a handful generated valid signals for the Inside Bar Momentum Strategy. At least one of those hit its profit target!
I had 2 signals right before the 4:30am EST news but was it enough for me to enter? See how it all went down in today's Cowabunga Surf Report.
With the yen getting its mojo back and the Aussie bears shaking off the positive jobs data, I'm looking at this textbook technical setup on AUD/JPY for a potential short play.
We have cautiously maintained our US dollar bias through the latest downtrend measured from the beginning of April this year labeled wave [b].
Traders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.