Scalping the S&P for a bounce at this 2,740 level.

S&P500 trading

Bernanke said in 2020 the economy will fall off a cliff. GDP estimates shrinking. Trump stimulus spent. At a time when we are at full employment. God help us. Yes, recession in a couple years.

S&P500 trading

Sorry for my incorrect wording. I think some kind of relief from the selling is due. I believe however that the smart money is long gone and this is the start of a downtrend on the larger weekly chart. Worldwide debt has far exceeded the levels of ...

S&P500 trading

It appears a temporary upside correction is pending. The 2,750 area looks like it is holding up.

S&P500 trading

1.12 is next some concern what is going on with the Turkish Lira will spread to Euro Banks.

EURUSD

Thanks for the tech analysis. The NFP last Friday was a miss weakening the USD a bit and I have to wonder how many rate hikes are already priced in. Most likely all of them by now. Global stocks still up but when they have a bad week EUR will rise.

EURUSD

Daily we will see a bounce at the 129.50 area 100 Day EMA. Later we will continue down to the 200 Day EMA at 128.70 Then up, up up as the stock market starts to fall and the Fed tools up for another rate hike in Sept.

USD/CAD

Very good guidelines. In a business where 100th of a cent could mean thousands up or down conservative money management will gain consistently over time as opposed to one huge gain and then gone.

Cable Update (GBPUSD)

Overbought on the higher time frames but then again I don't think we will see any big moves until Sept.

USD/JPY Discussion

129, a little lower. BOC WILL raise rates JULY 11. A little push back on USD that is already selling down after the NFP last Friday. Buy near 100 DAILY EMA. Maybe even 127 near the 200.

USD/CAD

Rising interest rates, stock market highs, huge deficits, political turmoil..... I totally agree. 1.40 is coming.

USD/CAD

Short from 110 30 Can't go much higher above the 100 WEEKLY average, it's above the average for the last 2 YEARS. The Euro also continues to regain 1 18 and the Pound 1.35. A warning sign for USD.

USD/JPY Discussion

Trying to bust out, dump GOLD.

USD/JPY Discussion

Good play I did too at $1,349 last London session. USD JPY is trying to make a move to break out so GOLD should get slammed down European session.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Stocks are rallying again too, not good for this resistance level.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Up against the 48 EMA on a MONTHLY chart. So it’s higher than the average of the last 4 YEARS. I agree, down this week.

Cable Update (GBPUSD)

USD will find some legs this week because the European greater inflation than the US story is already known. Just like the 3 hikes this year were priced into the dollar when the euro was at 1.08. Forward looking markets see months in advance. ECB ...

EURUSD

I very much agree, the call for 1.30 is a pipe dream. Already above 100 month EMA. Down this week to 1.21. The Fed will raise rates WED as very much expected and maybe this will be the catalyst to jump start USD/JPY to rise a couple hundred pips and ...

EURUSD

.92 and beyond. The parity crowd is back. Retail sales horrible. Going to see some great volatility with these Brexit Negotiations.

EUR/GBP - What a great pair to trade!

Hourly it could but BOC stopped being so hawkish too. I think eventually on the WEEKLY chart 1.28 then back down.

USD/CAD