Thought I would do a review of today Obviously UJ dropped heavily - following G20 comments this morning. I think the fact that the US told Japan - you are on your own and we will not support your currency is huge. Its like open season on the Yen. ...

Fundamental and News Trading

News items that affect this pair overnight- and current sentiment Right US unwilling to support Japan's wish to lower Yen from the G20 meeting. url This is obviously bullish on the Yen Notice - this was released at 4am GMT. Then this pair started ...

Fundamental and News Trading

Thought that I would talk about bond yields and how they affect currencies. There was an article on this on Bloomberg, which I thought was brilliant. If bonds aren't your bag - then when you read it at first it may sound a bit confusing, but its ...

Fundamental and News Trading

More musings on UJ Review of today's action; Called the drop in CPI figures. However, thought that the market would sell off before the announcement Instead it rallied into it. Obviously lots of positive sentiment there this morning Anyway sold it ...

Fundamental and News Trading

China's results have improved recently. Yellen's last speech sounded more hawkish to me- she even said that raising rates then was not a mistake (although to every one else it seemed to be). In December there were 4 interest rate hikes on the table. ...

Fundamental and News Trading

Hi vvfish RBNZ did say that there may be further cuts on the way in January- and there was no cut in January The number one indicator RBNZ seems really to consider is inflation and obviously this was way too low This I think was a big red flag

News trading discussion - continuation

Right next is RBNZ interest rate decision is due at 8 pm GMT If anybody fancies doing some work on this rather than just reading what I write - feel free If I don't get some input on this - this will be my last post- as these posts take ages to put ...

Let's trade the news

I look at price action pre trade announcement. This mornings manufacturing figures are a case in point. The market rallied heavily before the news announcement- so this was an indication that the announcement was going to be positive (which it was ...

Let's trade the news

Right - I have had a look through the charts for manufacturing- and if the market drops pre announcement by say 30 points - I may be looking at going long just after the announcement. I may even trade it pre-announcement However, getting on to the ...

Let's trade the news

All market information is not known on a chart. For example when quantitative easing was introduced - it took traders a year to understand what was going on.- Now a mention of it by central bankers will have an immediate effect on price. ...

Technicals Vs. Fundamentals?

Personally I use fundamentals to determine if I should trade - with technical to determine where ie - a decent pullback, candlesticks, pattern recognition- double bottoms etc...

Cable Update (GBPUSD)