Pick of the Day: GBP/USD
Well, after a few days of no trades, we were finally triggered on our short orders as UK GDP came in slightly higher than expected at 0.8% and
Read MoreWell, after a few days of no trades, we were finally triggered on our short orders as UK GDP came in slightly higher than expected at 0.8% and
Read MoreWell, it looks like it’s all about Cable once again! We have UK Retail Sales as the big event for the European trading session.
Read MoreGood evening! Today’s “Pick” was a difficult one as we have this week’s biggest risk events coming later today with MPC Meeting minutes from the UK, US CPI data, and a host of others.
Read MoreWell, the market was expecting weak UK CPI data and what did we get? Strong data of course!
Read MoreGreetings everyone! We’re keeping it simple tonight as USD/CHF takes a breather from its downtrend, we look for a possible retracement to jump in at a better price.
Read MoreGreetings! No “Pick of the Day” tonight. With the lack of news events we may see little volatility in the markets leaving us with low probability of any breakout trades.
Read MoreLooks like no trade today. We did see volatility in USD/CAD after the Bank of Canada decision to hike rates to 4.5% and hinted at one more hike in 2007 as a possibilty. Unfortunately, it wasn’t enough for
Read MoreWe will close our open position in USD/CHF and we will not enter any new trade orders ahead of the Non-Farm Payrolls report which is due out at 8:30 am EDT later today. The ADP Non-Farm Payrolls data has been
Read MoreOur trade stopped out ahead of the FOMC statement as market players bought USD and sold Euros. USD buying continued as the Fed held rates at 5.25% and as their statement indicates
Read MoreIt’s been a quiet week so far for USD/CHF as we saw little reaction on US housing data, but that may change later today with the US Durable Goods reports. Right now, the main market theme is
Read MoreRule number one is, don't sweat the small stuff. Rule number two is, it's all small stuff.Robert Eliot