Jack the Pipper

Still targeting to 1.3295 in major wave C. Today the pair is attempting to get through key support at 1.3500

Possible yesterday’s rally may be a top and the risk/reward I think makes sense to enter short given the turnover in momentum oscillators and the price divergence into the high.

Looking for a final wave down; I am viewing the rally to 101.79, labeled wave (b) as corrective in the larger C down.

What a performance from Fed Chairman Janet Yellen at her press conference yesterday to explain the Federal Open Market Committee rate decision.

We’ve locked in some profit on our GBP/USD short recommendation from last week and are are sitting on 135 pips open profit per lot.

The pound has been on a tear as you likely know; for good reason given the surprising rebound in the UK economy.

Yesterday, I laid out the case for a Chinese real estate crisis. Lest I be accused of biased thinking (guilty as charged many times over I am sure), today I am sharing the case for Chinese reform and a relatively smooth transition to a more balanced economy.

I think it is fair to say the Aussie is in trouble if China continues to slow its own demand for resources. And I think it is fair to say the Aussie gets crushed should China experience a crisis triggered by the feedback loop between real estate and shadow banking.

Six impossible” beliefs before breakfast are probably the norm for most currency traders. There seems a simple reason for this—it’s because there are an incredible number of potential variables in the marketplace that seemingly move price.

We recently told our Black Swan Forex subscribers to go short USD/JPY. We expected the Japanese yen to strengthen against the US dollar.