Nice spike on GU and EU...but no love for the AU, it's already 50pips off it's highs. Doesn't look like it's going to get back above .9000 anytime soon if even a bad NFP doesn't get it up there! update: looks like we are going back below .8900 ...

Payrolls Rose 162,000 in July; U.S Jobless Rate Falls

Good call...that's what I'm doing. FOMC Wed, UK and ECB rate today, NFP tomorrow...lots of stuff can happen with that(whipsawing). And I don't have any clear signals to trade today. Have a good one guys and gals!

Webcast of the ECB press conference 1 August 2013

I'm just watching at this point. Draghi sounds dovish, but my charts look bullish at the moment(from oversold conditions, support at 3200 level, support at 1hr 200ma, 15min and 1hr Pinbar). Jaygee may have it right with his long trade. I just don't ...

Webcast of the ECB press conference 1 August 2013

wow, Draghi sounds more dovish than normal. I hear a lot of "weak, weaker, subdued" words. And the "interest rates will remain at present or lower levels for an extended period of time" could push the euro lower. I was actually leaning towards Euro ...

Webcast of the ECB press conference 1 August 2013

Yep, lots of "if's" in this business. Have to be flexible enough to trade both ways depending on different scenerios/setups.

Bank of England maintains Asset Purchase Programme at £375 billion

The fall of GU from 1.5400 to 5150 you speak of happened the first 3 days of this week, BEFORE FOMC statement. After the Fed did nothing, the GU rallied. Check your charts...it's all there.

Bank of England maintains Asset Purchase Programme at £375 billion

Same could be said about the US and "tapering". Neither UK, nor US give a timeline...but the perception is there for both. In all my years of trading, while I'm not surprised...I am still amazed that The Fed did nothing, said nothing and the USD got ...

Bank of England maintains Asset Purchase Programme at £375 billion

Went up 40pips on news release. But the daily range has been so large lately the candles look small.

China surprises: Manufacturing is expanding

For me, it's too late. I would need a pullback to get in short. I try to follow the "buy the dip and sell the rally" rule. Sometimes I miss out on continuation trades...but it also saves me from reversals as well. Just something each trader has to ...

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

AU doesn't look good for longs anymore...going to stand aside for now with a slight downward bias unless it gets above .9000 again. GU is mixed imho...just watching. EU is interesting...have a slight upward bias on this pair, but not sure what ...

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

Reverse as in what? How low are you looking for it to go? It may pull back some...but I doubt it reverses to the lows of the day. From my charts, a pull back to 1.3300ish is most likely. We have some Great looking 1hr bullish engulfing candles on ...

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

And there you go...AU is above 9000 again. Now to see if it closes the day above .9000. If so, then the selloff below was a fakeout and we are going back up to .9300 are higher. Buy the dips if we get a good daily candle close! On a side note, it ...

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

If we get bullish closes on the daily candles for GU, EU, AU...you're pretty safe to start buying the dips again. Looks like the USD strength that started out this week is over. ECB and NFP could be wild cards though...so keep your stops in check. ...

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

Watch AU today...if the daily candle closes above .9000(above 9030-40 would be best)...then we can see a nice run up to 9300 or higher.

Fed Keeps $85 Billion Bond Buying Pace, Sees Disinflation Risk

Kinda sounds like Draghi and his "we can cut rates if we need to, but I'm not telling if/when."

Fed's Lacker says exit from bond-buying should be quick

Oh yeah, don't get me wrong...nothing goes straight or down forever. We will have corrections, just like on Wednesday. Just overall, for the rest of the summer we'll see usd weakness or range bound price action.

EUR/USD Final Thrust Higher . GBP/USD A Sell?

Isn't it funny, last week there were all these FF articles telling people they should stay long the USD! Well, unless they were trading off a weekly or monthly chart...everything from my Daily chart and lower says the opposite for now. Bernanke ...

EUR/USD Final Thrust Higher . GBP/USD A Sell?

Exactly! I have seen this before(on EU that is)....we had a 1hr upchannel, price broke down out of it yesterday, but came right back in it today. What does that mean? It was a FALSE breakout to get people on the wrong side. Now the true direction is ...

DJ: Fed officials to discuss revising guidance on rates at July meeting

Wasn't this posted earlier this morning?

IMF warns European Central Bank must cut interest rates again to kickstart the eurozone out of...

Charts are still looking a little sloppy...no follow through on anything. EU is pretty much back up into it's 1hr upchannel after yesterday's break below. I still believe Bernanke killed the USD rally and we'll just be in a 200-300pip range on most ...

Greece clears last hurdle to unlock EU-IMF bailout funds