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Forex Trading Blog Updates
The Aussie took hits across the board after Moody’s downgraded China’s credit rating. Meanwhile, the pound gained pips even as the terror threat in the U.K. is raised.
I'm serving up a Loonie special today, forex folks! This time we're looking at a short-term trend on USD/CAD and a possible long-term triangle on AUD/CAD. Check 'em while they're hot!
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.
It seems that no news is good news for the Greenback as the U.S. currency got back on its feet to wait for the FOMC minutes coming up.
This week, I'm keeping it simple with this textbook resistance setup on NZD/USD. Is the USD selloff overdone? Have the Kiwi bulls running out of steam?
When the spread between the 2-year and 10-year note contracts, it is generally indicative of slowing economic conditions.
I had 2 trades in one day but how did they play out? Find out in today's Cowabunga Surf Report.
I've got a rising wedge for CAD/CHF and a rectangle on EUR/CAD in today's intraday charts update that y'all may like. Get 'em while they're still fresh, dawg!
The euro initially surged when positive soft data got released, but lost traction and began to slip as the morning London session progressed. The yen, meanwhile, was under bearish pressure, likely because of the returning risk-on vibes.
The pound has been under the spotlight lately, and it’s not just because of the upcoming elections. Here are Brexit-related updates you need to know about.
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.
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!
The lack of top-tier U.S. reports and the bank holiday in Canada led to a relatively quiet trading session, with the dollar slowly inching lower and the Kiwi outperforming the rest.
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!
Let's start this week's intraday charts update with a couple of fresh retracements setups on USD/JPY and NZD/JPY. I guess that means I'm serving up a retracement + yen double special today.
The forex calendar for today's morning London session was empty. Even so, there was price action aplenty since the euro and the Swissy strapped on some booster rockets and soared over their peers. The Greenback, meanwhile, gave back its gains from earlier.