Well, no skyrocket up...but it was a nice pullback. Was able to short at .9265(nearly 40% retracement from this weeks selloff from .9365 to .9207). Currently sitting at +25pips and s/l just above today's high. Happy Trading! update: +30 and s/l ...

Dollar gaining ground; yields firming

Anything is possible.

Dollar gaining ground; yields firming

I should have specified...slight dollar strength. It will never return to what it once was. I agree...the world is moving away from USD. But the markets do move in cycles.

Dollar gaining ground; yields firming

Well, after a few months of weakness...this could be a few summer months of USD strength. Then onto the next cycle.

Dollar gaining ground; yields firming

Wasn't really looking at the news calendar until now, but a/u might be waiting for FOMC news at 2pm to make its move.

Australia Consumer Sentiment Tanks In The First Big Survey After The Budget

Technically, when you have a big move in one direction(down in this case for A/U)...if it just goes sideways in a narrow range, then there is about a 80% chance it will just continue in the same direction. Basically it's a Leg1 Leg 2 pattern. On a ...

Australia Consumer Sentiment Tanks In The First Big Survey After The Budget

I don't control the market and I don't have a crystal ball. I just trade whatever price action gives us. Cheers!

Australia Consumer Sentiment Tanks In The First Big Survey After The Budget

A 100pip selloff today on a/u...I'd expect a 30-50% retracement and then another move down that either retests today's lows or keeps going further south. Now if for some reason we get a full reversal(100pip rally)...and we form RailRoad tracks on ...

Australia Consumer Sentiment Tanks In The First Big Survey After The Budget

Lets not over complicate things...News = price movement/volatility which is good for us to make pips...you just have to get the direction right. How do you get the direction right??? Follow Price Action/Technicals. Here's my post from May 9th... ...

RBA Monetary Policy Meeting Minutes

Again, nothing to happen until 2015. Move along little doggie.

Bullard: FOMC willing to get more aggressive if inflation takes off

Put me down as one of those that has zero faith in the Fed or Obama!

US consumer sentiment slips in May, focus on wages

In a couple words...The Fed! That's why the dollar will never be like it use to. Have a good weekend all!

Why a dollar rally is elusive

Bravo...good post!

Goldman Sachs: This bull market has longer to run

Agreed!

Dollar Buying Dries Up, though Sterling Remains Exceptional

Lets just face reality, the FED has absolutely killed the USD. It's no longer a safe haven currency, it's no longer worth much, and it will never be the "all mighty dollar" again. The damage has been done and can't be reversed...we live in a Global ...

Dollar Buying Dries Up, though Sterling Remains Exceptional

You can rest easy this weekend, fixed it for you!

Bang goes the euro and bang goes the pound

Actually, I bet if you were to make a chart of....lets just pick BoA and Citi. Then go back and look at their trading calls(recommendations) for the past year here on FF. You would see they are wrong most of the time. I have no doubt they have smart ...

EUR/USD: Bearish Outside Day & Reversal At The 'Nines' - Citi

Seeing what happened in the Euro and Pound...and how the .9460 level high from April 10th has held...we just may have a top and are forming a Lower High. As I mentioned in a previous post today, nothing goes up or down forever. The past few months ...

AUD Statistics Bureau Insider trading sting: $7m in assets seized

When banks post articles on FF, they are wrong 90% of the time. Not always wrong, just 90%. Congrats to Citi for getting one right.

EUR/USD: Bearish Outside Day & Reversal At The 'Nines' - Citi

I hope you held onto this trade! Great job!

EUR/USD: Topping, Patience Key; USD/JPY: Downside Risk -BofA Merrill