Trade Ideas

Looks 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

And we are once again short EUR/GBP at the new entry price of .6760. The pair did make a run up towards .6780 before turning lower and trading below our entry price

We 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

Hello friends 🙂 We only managed to get in only one trade last month as all of our entries were narrowly missed before they went our way. It looks like I may need to

Pip count for June…

Our 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

The Aussie continued to drop during the morning Euro trading session as risk aversion and profit taking continued on higher yielding currencies. Gold is also taking a hit as

It’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

Its the end of the US trading session and it looks like risk aversion continues as the Yen and the Swissy rally. I’d like to close the positions at market (1.6530) to lock in profits ahead of the abundance of news events we’re about to head into. So, we take a small profit of

Philly Fed Index came out much stronger than expected at 18.0 versus 4.2 in the previous month. This is not good for our trade so I will close at market at 1.0730 to reduce our loss.

The second half of our position was closed at breakeven this evening. We managed to collect +20 pips from our trade. In retrospect, closing the position earlier would have been the best move. I recognized the move was out of steam, but

With all trading sessions closed except for the US, I have decided to close all open positions and orders at the current market price of 1.0628. It’s a great start to the week and I hope everyone did well on this one!

Hello Everyone! We have a nice technical setup on EUR/GBP, which looks like it’s ready to continue the trend lower. Fundamentally, interest rates are expected to hike further in both the UK and the Eurozone as inflation remains a concern to both regions, but we will probably see

We saw US CPI, along with a plethora of other US data, go by and USD/CHF pretty much went no where. The headline CPI read came in at 0.7%, slightly above the 0.6% forecast, and the core number at 0.1% versus 0.2% forecast. We saw more mixed data as

Hello Everyone! I am still watching the EUR/CAD trade idea I posted earlier this week and until we see what happens there I thought I’d share another trade idea in AUD/USD.

No trade idea at the moment as it the market is looking pretty choppy. While we do have important economic events in the pipe for today, I think we will see limited movement and

Our short entry at 1.9680 was triggered during the European session and was stopped out after the positive US Retail Sales data on a “buy the rumor, sell the news” trade scenario.

Today’s focus will be on GBP/USD and UK interest rates. Cable has taken a beating as of late as the Greenback has rallied on the idea that a strengthening US economy will prevent the Fed from cutting rates. Where to now?

Good morning my friends! Today I am looking to short the EUR/CAD. What a run this pair has been on since mid March trading from about C$1.57 per Euro, to its current level around 1.4150. Can this thing run any lower?

Bullish dollar sentiment remained strong as we saw a push in dollar buying durning the European trading session. Our long orders at 1.2280 was triggered and both profit targets were