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raklian commented Oct 5, 2017Talking up rates is a form of a rate hike because since there's an anticipation of a rate hike, the dollar gets stronger relative to other currencies. The FED is afraid of inflation spiraling out of control if they don't talk up rates.
Fed's George says further U.S. rate hikes are needed
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raklian commented Oct 5, 2017Winning traders use stop losses just fine. Losing traders are blaming other than themselves for their unfortunate circumstances. It's actually a sorry sight to see.
The truth about the stop loss – why only losing traders don’t use stops
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raklian replied Oct 5, 2017Sure, but what goes up must also come down. When will this move up have a sizeable correction? It's got to be somewhere between 1.2650 and 1.2750 where there's a whole bunch of technical confluence.
USD/CAD
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raklian commented Oct 5, 2017Stop loss should be considered only for emergencies like when your Internet connection gets unexpectedly disconnected. Always get out before price ever gets close to a stop loss. Winning traders use this method.
The truth about the stop loss – why only losing traders don’t use stops
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raklian commented Oct 5, 2017It's like Brexit... separatist movement jumping the gun without considering the consequences.
Catalans Are Said To Stall Independence Push As Leaders Divided
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raklian commented Oct 5, 2017He's just parroting same old nonsense without actually looking at the current state of the economy really closely.
Williams Sees Inflation Rising To 2%, Fed Able To Raise Rates - BBG
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raklian commented Oct 4, 2017It's the uncertainty of the FED's selection for next Governor what's keeping the dollar timid.
Dollar Rally Fizzles Despite Strong Data
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raklian commented Oct 4, 2017Domestic production will eventually decline if modestly. Investors will be jeery at the prospect of investing in an enterprise that could suddenly turn unprofitable when commodity prices get depressed due to too much supply.
EIA: US commercial crude oil inventories decreased by 6 mln barrels
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raklian commented Oct 4, 2017Who cares if it was 135k or 125k? The important thing is the rate of employment dropped massively, some of it not wholly attributed to the hurricanes.
ADP National Employment Report September 2017
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raklian commented Oct 3, 2017Or they'll do the unthinkable... sending in the military.
Spanish King Filipe says Catalan leaders plans were illegal and they violated the...
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raklian commented Oct 3, 2017No matter who is the new FED chair including Yellen, the US dollar will resume its plunge against currency basket. It's all in the US economic readings which is showing signs of cracking. The FED has increased the interest rate twice already when ...
Yields Slide As Market Smells A Squeeze On Powell Fed Chair Chatter
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raklian commented Oct 2, 2017As things stand, that's where we're heading.
Fed's Kaplan says we've got room to raise rates but not as much as people might think
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raklian commented Oct 2, 2017Perhaps he paid himself, thinking no one would notice? After all, he really needed to convince Forbes that he's really a billionaire. lol
Treasuring cash: Why does the U.S. Treasury have so much cash at the Fed?
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raklian commented Oct 2, 2017^ I just ignore the colors. I look for overall trends of economic readings.
September 2017 Manufacturing ISM Report On Business
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raklian commented Oct 2, 2017Yes, a rate hike but DXY declines further.
September 2017 Manufacturing ISM Report On Business
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raklian commented Sep 29, 2017Question is, will Yellen's end make the FED more dovish or hawkish?
Trump met with Kevin Warsh to discuss Fed chair job: WSJ citing White House official
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raklian replied Sep 29, 2017Currency pairs are relative. If US unemployment numbers don't improve as well, there won't be a material change to the pair. The economic impacts from Hurricanes Harvy and Irma have yet to be fully digested. The big boys consider all factors when ...
USD/CAD
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raklian commented Sep 29, 2017Yeah, it's interesting considering Trump talked about US dollar being too strong.
Trump met with Kevin Warsh to discuss Fed chair job: WSJ citing White House official
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raklian replied Sep 28, 2017I think it will go even further, likely to around 1.10. A nearly pristine butterfly harmonic pattern overlapped with a bat pattern on the daily chart demands it. Before that, UC will need to reach 1.2650-ish, though. Something tells me there is a ...
USD/CAD