the way I get it as is: "substantial" is a strong word, which shows the thinking behind Fed. I think there will be rate increases, not consecutively though, in the future, but it will harm USD anyways. Fed is really worried about the state of the ...

FOMC Interest Rate Statement

why, could I ask?

FOMC Interest Rate Statement

FOMC: changed words from "cooling" of housing market to "substantial cooling" FOMC acknowledges... USD sell i would say; and it looks like whatever FOMC does in the future, be it a hike, a pause, a cut, USD will get a sell

FOMC Interest Rate Statement

if you are getting ready for weekly trading, be ready to see big profits, and big drawbacks. you may see a position in negatives for consecutive weeks. Before you switch to a such wide timeframe, ask yourself these questions. Will be able to sitout ...

100 Trades Analysis

agreed, and signed...

Big Boys DID IT AGAIN

once more, we see that massive moves come at least expected times. image i believe this is not sane, too. EUR has nothing better than US now, and they simply can't burden a 1.40/1.5 rate. next equilibrium could be between 1.28 - 1.38, for like 12 ...

Big Boys DID IT AGAIN

when i said even before the market is open, i meant stock/financial markets (not fx). first one to open is Sydney, which is in like an hour, still.

Big Boys DID IT AGAIN

Here are quotes from very reliable source; SAXO BANK from DENMARK: EUR/USD: 1.3161 GBP/USD: 1.9419 USD/CHF: 1.2025 USD/CAD: 1.1317 USD/JPY: 115.60 EUR/JPY: 152.15 GBP/JPY: 224.52 XAU/USD: 637.37 Thats a whopping 0.5% move BEFORE markets are even open

Big Boys DID IT AGAIN

Short term: US Dollar will not lose much purchasing power against other currencies in the near future. Neither EUR nor GBP is a better alternative than the US dollar for the financial world today. EUR has nothing more special to burden a 1.40 ...

Dollar Bust?

Just watch November and December. USD will drive the EUR/USD below 1.2600; and supposidly below 1.2500. 2 cents.

where will the EURUSD be on Jan1?

USD index is up for the day, though EUR/USD increased. Interesting to note. Today is the last update. Don't know how many people are following or reading, or if its worth it or not. Most people are waiting rate cuts soon, but it looks like even ...

Range & Courage | Daily planning thread

EUR/USD may spend 1-2 days between 1.2480-1.2580, looking for necessary newcomers to bring the pair below 1.2500. The day for this event looks scheduled for Wednesday. Fading volume for tomorrow will have difficulty taking the pair below 1.2500. For ...

Range & Courage | Daily planning thread

inflation was in negatives for the last two months all around the world. AUD should be no different. AUD/UDS has downside potential; 2 cents.

Thoughts on AUD PPI tonight ?

EU currencies are fading away, as EU buying, sparkled early next week by the lead of UK, is slowing down. EUR/USD, GBP/USD and USD/CHF advanced late next week, but all failed to close above important reversal levels on Friday. USD should gain the ...

Range & Courage | Daily planning thread

One more thing; Anyone who thinks this upward move was a correction, thinks these levels would be the top, and looking to short now, think again! Do not short yet! While agreed that EUR/USD should end the year below the 1.2500 figure, EUR/USD and ...

Range & Courage | Daily planning thread

As noted since last Friday, EU currencies built base for the last 5 trading days, and simply blasted yesterday, taking most of the thin shorts off the market image The ones who got out of shorts stuck to their profits, and the ones who were too ...

Range & Courage | Daily planning thread

oh i see; 2 pip spread, but because it was during news, they had wider spreads. Do they advertise that they HONOR all trades AT ALL market conditions? If they do, they HAVE TO honor yours. It should state this on your aggreement. if they do not ...

Talk about a way to start a day off

you said you posted a take profit at 1.2507? right? so, thats what the ask price should have reached. And, on your platform, it shows the daily lowest bid as 1.2505, right? If the broker doesn't have a 2 pip spread, than it shouldn't have been ...

Talk about a way to start a day off

you will most likely make money, but expect huge drawbacks, hence need extra balance. I would say, do NOT try to trade daily with the same balance you used for the hourlies. If you are OK to see big negatives for trades, you will make more money ...

The switch from hourly to daily...and the psychological ramifications...

Despite the USD strength today, USD Index is down from 84.86 to 84.66.

Change in USD Index and its effect on USD strength