Trade Ideas

Hello my friends 🙂 I know it’s the weekend and that last thing you want to think about is currencies, but here’s a trade idea to think about. We saw tons of volatility in the last few days with the over abundance of volatile fundamental events. All of the movement has

Canadian Jobs data came in weaker than expected with a -5.2K change in employment. In the US, the headline Retail Sales number came in at -0.2% while the core came in at 0.0%. And the headline US PPI number came in

Trade closed as Sterling sold off ahead if the Bank of England Interest Rate decision during the Euro trading session. It appears to have been a sell off on weaker than expected Manufacturing data along with a “buy the rumor, sell the news” situation as traders

Greetings 🙂 With the rhetoric virtually unchanged from the last meeting as the Fed keeps a laser focus on inflation, we saw USD slowly drift higher as traders price out the possibility of a rate cut. This was beneficial to our short trade and

It looks like the market decided to close our positions down for us as USD/CAD dropped further after we adjusted our trade. Our trade hit our adjusted profit target at 1.1060 to lock in +30 pip a few hours before the FOMC Interest Statement.

After a few days of waiting, our trade finally made the move down as the British Pound made rallied against the Euro this morning to hit our profit target at .6800. So, we were right in our outlook on the British Pound against the Euro and

It’s time to take another crack at USD/CAD! Man, this pair just won’t stop… or will it? The Loonie is trading against the Greenback right above a psychologically important level at 1.10. Will 1.10 hold as support? Probably not. Today

Well, it’s almost the end of another trading today, and today we saw positive data out of the US. We saw surprises to the upside with Nonfarm Productivity at 1.7% versus the consensus of 1.0% and

We saw some volatility last night as the pair dropped close to 1.1100 after the pick was posted. As expected, the pair rallied during the morning Euro trading session, but met resistance at 1.1140 before sharply moving down once again to 1.1100.

ISM and Pending Home Sales numbers both came out at a surprise, with ISM Man. Index out at 54.7 vs 51.0, ISM Man. Prices at 73.0 vs. 65.9, and Pending Home Sales down -4.9%. So, good ISM numbers and bad pending home sales. I wanted to wait to

Updated Pip count for April

A quick update: we are no short both half positions, one short at 1.2045 and one at 1.2075. The market is currently trading around 1.2065. No major news events today during the US session, so we will

Our position was stopped out yesterday. There was no news, it was reported that the move up was on program trading by institutions. It looks like traders are looking to get into the Aussie on any kind of dip and that we probably won’t see much of profit taking anytime soon. So

Good evening! My question of the day is will 1.20 hold or be broken in USD/CHF? Well, today we saw Existing Home Sales and Consumer Confidence come in lower than expected. We may see further USD weakness with Durable Goods and New Home Sales report out later at 8:30 am EST.

We were stopped out of a frustrating trade today. At one point we were 2 pips away from hitting our first profit target, but it looks like Euro buying took over and bid the pair back up to our entry point and beyond to our adjusted stop levels. It looks like this pair will

US Existing Home sale came out at 6.12M and Consumer Confidence came out at 104.0, both lower than forecasted by the market. This supports our long bias on GBP/USD, but unfortunately, the pullback to 1.9900 never occured to enter long in the market. With the current market over 100 points away from our entry, we will

Okay, so I may be the one who was sleep deprived last night when I posted the “Pick” last night. There was an error in last night’s trade idea to go long at 2.0050. The pt was below the entry point! So, that trade is invalid. The short trade was valid and we were

Cable continued to rally and hit pt1 at 2.0100 for +50 pips on half position.

For tonight’s “Pick,” we will take a look at the Loonie and the upcoming economic reports for Canada. Now, the momentum for the Loonie has been super strong, as we can see in USD/CAD. Will it continue? I think it should without a change in fundamentals and

Hello Hello! Our trade was triggered during yesterday’s morning Euro session as it retraced to 1.1335. We were helped by today’s US CPI numbers as they came out pretty much inline, but slightly lower. USD sold off after the event and