I got in at 1.2790 while price ranged. Looking at the past price action on USDCAD suggested to me that price can go one-way on this pair for nine or ten days in a row. Given the strong move caused by the big retail miss on Friday, I was a bit ...

Fundamental/News Thread

Hey. I can't find the reference in the document now, but my reading of the statement seemed to suggest that they are moving some of their key forecasts to mid-2018. A number of banks are moving their forecast to March 2018.

Fundamental/News Thread

I was just reading Kathy Lien's ECB preview, now I can see why Fader is sitting on the side line. Like Fader said yesterday, there are much easier trades. Today definitely proved that. Here is what Kathy Lien wrote, "Trading the European Central ...

Fundamental/News Thread

Congrats! Which pips did you catch? How did you structure the trade? What were your thoughts leading into the trade?

Fundamental/News Thread

Very true. Here are the two main takeaways from the BOC statement for me: “While less monetary policy stimulus will likely be required over time, Governing Council will be cautious in making future adjustments to the policy rate." "The unemployment ...

Fundamental/News Thread

Fader, thanks for your insight. It is a reminder that we can spend days waiting, hours reading and researching, and end up deciding not to trade. To succeed you have to be comfortable with putting in a lot of work, and not getting an instant reward. ...

Fundamental/News Thread

Fader, in addition to the BOC rate announcement at 10am est, there is an 11:15am press conference. How would you prepare to trade the press conference? My initially thoughts are that Poloz is going to be dovish. PM Trudeau criticized the hikes ...

Fundamental/News Thread

I know that most of the market's attention is on the impending ECB tapering decision, but I want to be prepared for the BOC rate decision on Wednesday. The economic indicators are mixed. GDP is booming. Employment has grown each of the past 13 ...

Fundamental/News Thread

NZ Employment numbers are supposed to come out on Oct. 31 according to the FF calendar. Am I missing something? I am in a NZDUSD trade, and I don't want to be caught off guard.

Fundamental/News Thread

It is amazing what people will do to avoid reading the monetary policy statement...lol

Fundamental/News Thread

I agree...We often talk about monetary policy divergence (when one central bank is looking to hike, and another is looking to cut) Fader just laid out a great "sentiment divergence" trade. ECB actions are leading to greed, and the attack on the RBNZ ...

Fundamental/News Thread

To be honest I don't have a strong grasp of the Euro portion of this trade. Here is an article that lays out some of the challenges NZ is going to face: url

Fundamental/News Thread

This is a great analysis of the challenges facing the ECB. How are you planning to trade this event? What are you looking to see?

Fundamental/News Thread

Here is the question we have to ask, why does anticipation move the market? Well, big money can't trade like retail traders. We can enter and exit when we want. However, when you are trying to move $10 billion dollars in or out of the market, you ...

Fundamental/News Thread

I should also note that there are things that can shift sentiment instantly, usually it is fear that does it. Fader refers to the way that "fresh news" can move markets Two recent examples are when the tensions between the USA and North Korea first ...

Fundamental/News Thread

You are absolutely right. When the central bank shifts its "forward guidance" the market will move. I have come to believe that the central bank's have a mandate that we don't talk about much. Now all modern central banks have an inflation mandate, ...

Fundamental/News Thread

Sentiment is psychological...The economic indicators can contribute sometimes, but it really boils down to when everyone in the market strongly and overwhelmingly senses that it is time to be fearful or greedy based upon some impending decision, ...

Fundamental/News Thread

In 2010 and 2011, I spent a lot of time trying to crack this FX puzzle, then life happened. 6 months ago I haphazardly started reading through my FX notes for the first time since 2011. As I read, there was one idea that leapt off the pages: a ...

Fundamental/News Thread

Thanks for the welcome! I am hoping to contribute to a rich, engaging discussion about fundamental trading. I had not read that article, but I've read similar. Looks like I am going to be reading the NZ newspaper headlines this weekend.

Fundamental/News Thread

One of the geopolitical market movers that has drawn attention this week is the seeming imminent pick of a FED chair by President Trump. What do you think the implications of Trumps' pick will be? I think if Trump picks Powell, Taylor, Warsh, or ...

Fundamental/News Thread