Trade Ideas

It looks like sentiment has changed intraday as the pair was unable to break resistance at 2.4250. Ahead of this morning’s economic events I would like to

As expected, EUR/JPY corrected a bit further. Unfortunately for our “Pick”, it was unable to break support at 163.00 before rallying up to its current level around 163.40. Our trade was never triggered… doh!

The remaining portion of our trade was stopped out at breakeven last evening as traders lightened up on risk and unwound some of their carry trade positions. China triples the share tax on securities transactions which brings a concern that traders may

Our profit target was hit at 1.0730 as USD/CAD continued to fall after this morning’s interest rate decision and the statement soon afterwards. The pair is currently finding support between 1.0710 – 1.0720, and it looks like it will consolidate for the rest of the day.

US Existing Home Sales for April came in at -2.6% to 5.99M. We saw a revision in March up to 6.15M. The Greenback sold off, but the move was minute probably due to low volume ahead of the holiday weekend in the US.

It looks like I adjusted my stop a little too early. After a 20 pip move up from entry, I adjusted the stop from 111.85 to 112.05. Soon after, the pair retraced down once again to close out our position for a 20 pip loss on half a position. 112.00 proved to be a strong support area as the pair has rallied to it’s currently level around 112.80….. Doh!!!

Good morning! Well, our trade stopped out with a profit as AUD/USD failed to find support and continue its rally. On the way down we had another order triggered to go long to add more potential gain with a small amount of risk, but our entire position was closed

With the thought of any rate cut from the Fed anytime this year, the market has sent the Greenback rallying in a slow and steady pace. Will it continue? For now, this is the

As I expected, EUR/GBP met resistance at .6850 and then turned lower during this morning’s Euro/Asia trading session. The Euro sold off against the Dollar big time as the interest rate cut outlook in the US seems to be waning – this affected Euro crosses across the board.

Just a quick review from our trade on Thursday in which we were long CAD/JPY. April inflation data did come out stronger than expected which boosted the Loonie, but we hit a stumbling block on Friday as China widened the trading band for the Yuan. This proved to be more of a buying opportunity

Hello my friends! It looks like our trade reached full profitability as positive Canadian Retail Sales rallied Loonie even further. Congrats to those who made some pips! Yaaaay!!

We have been entered short half position in GBP/USD at 1.9830. We have April housing data just released with Building Permits down 8.9% and Housing starts up 2.5%. With such a weak Building Permits number I look to

EUR/USD traded in between 1.3530 to 1.3560 during the Euro trading session as data came in mixed from of the Eurozone’s largest members. There were no trades triggered and ahead of the closely watched US CPI data out at 8:30 am EDT we will

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