Trade Ideas

A walk-through my BOJ Intervention play

There’s not a lot to say about the USD/JPY today. Everything that had to be said I think occurred a week ago with the test of 76.00. What I did want to outline here were the clues, the price levels, and the thinking behind the buy set up and the trigger of 76.00.

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EUR/USD Defying Gravity

There’s a battle occurring between near-term sentiment (risk appetite) and a longer-term (bleaker) outlook for the market and specifically the euro. But the euro refuses to obey the headlines, the doubt, and the optimism trade is still on.

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Thought is useful when it motivates for action, and a hindrance when it substitutes for action.Bill Raeder