Big Pippin

From Non Farm Productivity to Unit Labor Costs to the ISM Non Manufacturing Index–we are still seeing economic indicators that hint at another possible rate hike by the Fed. All 3 reports came out higher than expected causing the dollar to rally yet again. Are you getting familiar with this scenario yet? The dollar drops …

So tropical storm Ernesto took his sweet time over us and flooded our whole area. But the flood wasn’t what bothered me. The fact that we lost power did! Consequently I couldn’t get into the market on Friday and so I took a nice 4 day weekend with Labor Day on Monday. So what’s going …

Not much to say about EUR/USD today. Don’t believe me? Open up a forex chart & you’ll notice a narrow trading range for this currency pair.

There’s not much to update about the EUR/USD since nothing has really happened today in the forex markets.

The battle rages on. Who will give the knock out punch that will send the opponent flat on its back? Who really knows? Apparently no one does right now. Todays market was a classic battle between the Euro and Dollar as neither one could be pushed towards a limit. During the EU session, the German […]

You wanted excitement? Well today was full of it 🙂 Of course, every day is exciting in the Forex for me but today makes things interesting especially for the EUR/USD. The story of the day was the ZEW. The ZEW (an economic research center) report came out with much lower numbers than expected causing the …

This week looks to be a quiet one as far as economic reports is concerned but that doesn’t mean there won’t be any excitement. The Euro has already made some moves today as it made a new 20 day high against the dollar. Today’s move was probably caused by 2 things: the first is that …

Let’s see, the University of Michigan’s Consumer Confidence report came out today at a lower than expected number at 78.7.

Well this was a really tough week as I suffered 2 major losses. I’m hoping we’ll see some big moves next week so I can make up some ground and try to end the month positive. Monday: +12 Tuesday: -63 Wednesday: No Trade Thursday: +12 Friday: -75 Total: -114 pips Total for June: -74 pips

Well unfortunately this week ended on a bad note. After the Durable Goods report, there was an Alba breakout and I entered 3 lots short at 2478 with a stop at 2500 and a target at 2466. I was stopped out on all 3 lots at 9:00 am EST. It hasn’t been a good 2 …