Happy Pip

It looks like the major trendline on our chart has broken as USD momentum continues today on the back of declining commodity prices and a positive ADP report out of the US.

Well, we’ve waited for a while, but no luck on our conservative entry point as the pair has already hit parity and bounced back higher. Market sentiment has probably changed for the short term as

Aww shucks!! AUD/USD broke to new highs once again on a broad US Dollar sell off as traders speculate Fed Chairman Bernanke will testify that credit-market losses are hurting economic growth.

It looks like we weren’t able to get much of a retracement off of downward momentum as USD/CAD found sellers around 1.0135 and fell lower from there.

With the US Employment data and the holiday weekend approaching in the US, I have decided to close my open orders in AUD/USD….

Our long trade in AUD/USD didn’t get a chance to execute as the lowest the pair got since the trade idea was about .9405. With the pair back at the top of the channel, I have decided to

The Bank of Canada crushed expectations today as they hold rates at 3.00% on inflation concerns. Unfortunately, expectations of a cut pushed the pair higher and

Our short trade was just triggered on comments from Fed Chairman Bernanke, but I would like to close it out now as those comments may

Our trade closed out at the end of last week as the Aussie found support into the weekend. Unfortunately, we were short on the pair so we took a hit at the end of the day.

Let’s take another look at USD/CAD as it has fallen back to parity and possibly a reversal point from the down trend.