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fxsport replied Dec 15, 2022image This is the "hardest" part for me...I want to just lock in profits and close for the day because I suspect a pullback but my ultimate goal by EOW is 105.50ish. Probably close 1/2 and let other 1/2 run - I wish I could just hedge my account ...
EURUSD only
- fxsport replied Dec 15, 2022
This is one of those moments when I have to decide - what to believe technicals or fundamentals? I CHOOSE FUNDAMENTALS = LONG DXY AND SHORT OTHERS. Read the statements (NOT the headlines) and you get two VERY DIFFERENT outlooks. Good luck all.
Cable Update (GBPUSD)
- fxsport replied Dec 15, 2022
I've been short. First order got stopped out for a 20 pip loss. Current short doing well. I will likely keep this short open for awhile as I believe that DXY is going to find some traction. image
EURUSD only
- fxsport commented Dec 15, 2022
Compare this statement to the FED with Powell Which country do you think is going to continue to raise rates and which will not? DXY - It needs to hold 1.04 and as long as 104 hold short EU
ECB's Lagarde: Growth expected to be 'subdued' next year
- fxsport commented Dec 15, 2022
This isn't surprising - think about all the news reports about the upcoming recession. This part of inflation has peaked and is coming down fast ....that's one 1 piece of the inflation puzzle. WAGES.....HOUSING PRICES.... The FED has to destroy ...
US November retail sales -0.6% vs. -0.1% expected
- fxsport commented Dec 15, 2022
Powell won't be happy - Oh that's right he's ALREADY SEEN these numbers and TOLD US YESTERDAY! Go ahead people sell the USD, I'm buying
Unemployment Insurance Weekly Claims
- fxsport commented Dec 15, 2022
DaJoWaBa - I agree with your insight; so what does that mean? Indecision = increased volatility. When comparing the BOE to the FED it's pretty simple: Powell et al are united in continual rate increases and higher rates for longer... BOE is scared ...
Monetary Policy Summary, December 2022
- fxsport commented Dec 14, 2022
Long USD/JPY...just because
Powell: Need substantially more evidence of lower inflation
- fxsport commented Dec 14, 2022
Hey all you dollar bears I think you better read THIS before dumping your DXY!!!
Fed's Powell: I don't see us considering rate cuts until we are confident that inflation is...
- fxsport replied Dec 14, 2022
YOU are correct; the terminal rate will be 5.5-6.0% in 2023. This is the gentle foreplay before Christmas...
Cable Update (GBPUSD)
- fxsport replied Dec 14, 2022
That what every day trader looks for increasing volatility. As for trends - they come and go - who cares as long as you are on the side that is making money! For swing traders/position traders I absolutely agree with you. For traders who hold ...
Cable Update (GBPUSD)
- fxsport replied Dec 14, 2022
HOLIDAY???? What planet are YOU living on? Christmas holiday doesn't really start until NEXT week - there is also Hanukkah next week as well. HOLIDAY....HOLIDAY....THERE IS NO HOLIDAY IN FOREX!!! image
Cable Update (GBPUSD)
- fxsport replied Dec 13, 2022
EXACTLY - go back and look at the last time this happened
Cable Update (GBPUSD)
- fxsport commented Dec 13, 2022
Yes and what is your point? All today's number did was confirm that tomorrow the FED will raise rates 0.5% instead of 0.75%. This is a CONFIRMATION day. So what happens tomorrow after the FED raises rates by 0.5%? 1. USD will fall then whipsaw back ...
Consumer Price Index - November 2022
- fxsport replied Dec 13, 2022
Stop being practical will you? In all seriousness you ARE correct and people shouldn't be happy about a 7% inflation reading. What the market is happy about is the direction so "they" think ok, the FED will begin to pivot and now they are planning ...
Cable Update (GBPUSD)
- fxsport replied Dec 11, 2022
If ANYONE sends a nuke I think the Forex markets will be the LEAST of our concerns... image
USD/JPY Discussion
- fxsport commented Dec 9, 2022
Come on now you've got to have something to talk about and with the consumer confidence and hotter PPI I think that a 0.75% increase can't be ruled out until we get the CPI next week. If the CPI is like the PPI you will hear lots of "chatter" and ...
US: UoM Consumer Confidence Index improves to 59.1 in December vs. 56.8 expected