Where are we at: Euro Seeing risk in other correlated markets - on the Euro The Euro at an important level. Frankfurt sold it this morning 25 deltas not as bullish Skews bullish above 1.1825 yet the 6E sold from here The issues is the dollar is so ...

Fundamental Trading Journal

Nice sell on gold -just risk selling......

Daily Gold Analysis

The main reason is that today ...the banks are really bullish on the Euro Events like this offer banks the opportunity to buy - as there is volume and they can buy at cheap prices. The reason I know this is because a few minutes after the release - ...

EURUSD only

Rallied for the fix

Cable Update (GBPUSD)

30 pips up so far...once we get passed that double bottom.... Stops likely to push it a bit

Cable Update (GBPUSD)

Rally into the POC, for some shorts Plus London sold and NY sold yesterday. 6 pips up. Bit concerned about value though.... Maybe - they might test the swing high That double bottom into NY was a great long position earlier today My only concern But ...

Cable Update (GBPUSD)

Pointed this key level 1.3100 out at 11 am this morning- and advised it will be defended- and that is what we have seen today Cable is lagging....news wise there does not seem to anything else atm Long equities on the US cash open would have been a ...

Fundamental Trading Journal

The good thing is you are starting to develop narratives.....its just that you don't have the full picture To see what events are going to be important - look at the front pages of Bloomberg and Reuters- see what Goldman Sachs, Merrill Lynch etc... ...

Fundamental Trading Journal

I look at other things...that I cannot talk about The volume on Gold - you can get from COMEX. Code is GC But the liquidity on Gold rubbish. What you are seeing is CFD pips-

Fundamental Trading Journal

I have to admit the different between a bank trader - someone that really knows what is going on and a retail trader- is vast The only similarity is that they both press buy and sell buttons However, there are people on FF that don't have any of ...

Fundamental Trading Journal

Very good thread here....and very under-rated.

Money Flow Trading Method along with Risk Management

This is the general rule. However, the FTSE comprises of a number of companies that gain their income from overseas earnings. So this needs to be taken into account. For instance when Brexit happened- the pound dropped - but the stock market ...

Fundamental Trading Journal

UK Bailey was talking about parts of the UK economy never recovering, and the the actual recovery taking longer than originally forecast. Although the UK has opened up quicker than they had expected. UK GDP for this week is really poor ... The ...

Fundamental Trading Journal

The main thing is that the dollar has a lot of issues Trump Elections China the UK is doing quite well there is a BOE meeting on thurs,,,,I need to go through things to see where we stand tomorrow Looking at the option writers- they are slightly ...

Fundamental Trading Journal

Hi Skyf the pound is a risk asset.... the GBPJPY even more so. So if equities fall - this will have a negative effect on GBPJPY

Fundamental Trading Journal

Right lets do an update... Equities look dead to me.....the only thing is I think they want to rally it to get a better price I know it's rallying but everything points to a sell..... The fact that they closed equity into the high of the day All the ...

Fundamental Trading Journal

can't say I'm afraid

EURUSD only

From looking at what has been happening elsewhere- they have adjusted the end of month using other asset classes, so I don't think it will happen....such a shame Candles are the EURUSD... Never seen them do so much of that before. Perhaps the fact ...

EURUSD only

There are two ways to book balance - one is to sell the Euro- the other is to adjust the differences between the various asset classes. Usually, they adjust the currency. Over the last day - they have adjusted the other asset classes - see the spike ...

Fundamental Trading Journal

Obviously, the US is a mess right now.....hence the reason for selling dollars Sold after the FOMC as the expectation was a very dovish Fed..... They are rotating elsewhere but........they still have a lot to do

EURUSD only