Greece is just the cover story for the behind the scenes USD buying across the board!

EURUSD is getting hammered in Asia, with the pair now triggering some stops below 1.1300

You mean market makers hit a lot of stops

Cable sellers hit it hard

Like I've been saying since last week...the FED Affect(fake selloff on USD) is over and the USD has been strengthening. Cheers!

China manufacturing output stabilises as new orders improve slightly

Ignore these rubbish headlines...the FOMC last week wasn't dovish. It was status quo. The market wants you to think short on USD all the while market makers are buying at cheap prices.

Dovish Fed

It's not about the gbp...the "FED affect" was a false USD selloff...Friday was the day to start buying USD again! The Market makers created a false move higher in A/U, G/U, and E/U. Think about it...if you were a big market player looking to go long ...

GBP/USD: has the Cable stretched too far?

Range bound just like the Aussie. Narrow range .7600-.7800. Wider range .7500-.8000. The RBA won't let it rally too much!

US Dollar is Unlikely to Break Major Ranges

We all know the RBA wants a lower AUD. and we all know that market makers control the market. Now while the RBA might not intervene in the market directly, I'm pretty sure they have briefed the market makers of a price range they'd like AUD to stay ...

RBA's Edwards: Australia dollar still too high

I haven't, but I like hearing that you made your broker weep. Aussie has Now dropped 100pips straight( no pullback). Classic market makers. They rallied Price after the FOMC to stop out weak shorts and induce people into Going long...now they are ...

AUD/USD fails again at the breakout as US dollar starts to recover

I mentioned yesterday that the "FED affect" was over and it was time for the market makers to lower not only Aussie...but euro and pound too. They rose to fast, too fast. Now had it been a slow steady climb, I would think differently. Oh, and you ...

AUD/USD fails again at the breakout as US dollar starts to recover

Sorry folks, the "FED affect" is wearing off now.

Asian shares rebound on Fed policy hopes, keep eye on Greece

Too many articles about selling the USD...the market makers will pull the rug out from under the bears before too long.

USD Shorts Remained Favored on FOMC Sell Off- Key Support 11,731

I don't know about always...haha I was wrong this time Hope things are going well for you!

AUDUSD Coils Ahead of FOMC

Thanks again Buster for pointing my mistake out.

AUDUSD Coils Ahead of FOMC

I am sorry about that Buster...it is the 4hr 200ma which is also the Daily 50ma. I got mixed up in my post. Price has been contained under the Daily 50ma for nearly a month until today. The daily 200ma closer to .8000. Here's where discipline comes ...

AUDUSD Coils Ahead of FOMC

Well, the rally to .7800 I was expecting...so I entered short. The continued rally higher I was not. Therefore, I'm out for -25 pips. Going to be patient now and wait for daily candle close to see if this is a fake out higher or an actual close ...

AUDUSD Coils Ahead of FOMC

Look at the price action...Aussie has now sold off 50pips from the daily 200ma. Yet the euro and pound are drifting higher. There is no follow through on Aussie buying and hasn't been for nearly a month now. Each rally had met selling and actually ...

AUDUSD Coils Ahead of FOMC

That's what I was expecting. Price rallied up to the daily 200ma today and was rejected again. It hasnt closed above the daily 200ma since May 21.

AUDUSD Coils Ahead of FOMC

Well, we got the spike up...seems like price is stalling just above .7700. At the moment, I don't see price even going up to test the .7800. It's rallied 70pips, perhaps .7750 is on the table as that would be around ADR. But I still feel .7800 is ...

AUDUSD Coils Ahead of FOMC

I give Aussie a 70% chance of a false rally followed by selling, 20% chance of just straight selling, 5% of a sustained rally, and 5% chance of more sideways consolidation. I wouldn't be surprised to see .7500 support level taken out in the next ...

AUDUSD Coils Ahead of FOMC

Regarding my above statement, the market makers have set things up perfectly. The Aussie has sold off 100pips from the highs earlier in the week, thus mostly likely stopping out those who were long and/or inducing people go short. Now they can spike ...

AUDUSD Coils Ahead of FOMC