Pipcrawler

The markets remain silent throughout most of the Euro trading session, with a little bit of volatility during the Euro/US session overlap. The volatility wasn’t enough to push the pair down to our short entry order. In hindsight, I should have placed a short entry in the 147.00 price area as the pair found resistance …

I still like a short play for the simple fact that we have a rate hike decision from the ECB tomorrow morning at 7:45 am EST. A short entry order??? Aren’t you supposed to go long on a currency when interest rates are raised. Well, I’m looking to go short for two reasons: After the …

We saw the greenback spike up after the US economic reports were released, most notably the PCE y/y coming out with a slightly higher number. The pair actually rose up and triggered our long entry order an hour or so before the reports. Unfortunately, the US dollar sold off a few hours later on fears …

Not much going on tomorrow in the way of economic reports except for the E-12 monthly PPI report. The Producer Price Index measures the inflation felt by manufacturers. So, we may see some movement after the report which will be released 5:00 am EST. Consensus is expecting a lower number of 0.2% versus 0.3% in …

The USD/CAD pair has been in a short term downtrend which is pretty easy to see on the hourly chart. We’ve see strong moves in this pair, with the most recent move after the Canadian GDP monthly number coming lower than expected. The pair is consolidating now, waiting for its next catalyst, but what could …

July 3 – July 7 +93 pips July 10 – July 14 +55 pips July 17 – July 21 -120 pips July 24 – July 28 -10 pips July Total: +18 pips We had a great start to July as we easily ran up to a high of about +168 pips, but we had a …

Monday: No entry Tuesday: +30 pips Wednesday: No pick Thursday: -40 pips Total: -10 pips

It looks like we closed out the week with a loss gosh darn it! GDP came out with lower than expected numbers which caused a sell off in the US dollar. The pair rose, and at the end of the move triggered our long entry order. Unfortunately, that was the end of the move and …

We saw a broad US dollar sell off against many currencies, including the Swissy, at the beginning of the Euro trading session. Pt1 was easily hit, but with good number for Durable goods orders the market spiked back up to close out our second lot at breakeven before dropping back down again after disappointing new …

We saw US Existing Home sales coming in pretty much in line with consensus numbers, so we didn’t see a decline. The pair never reached down far enough to trigger our entry orders. No trade.