I think that arrow should be pointing UP! Once DXY closes above 105 it will be Remember PMI tomorrow - buy the rumor sell the fact.

Cable Update (GBPUSD)

That's ok little bear, you can go to sleep for the remainder of the week - it's time for the USD to take a breather... I find it a little "convienent" that the EU stopped cold around the time of the Russian "nuclear" threat....which personally I do ...

EURUSD only

image

Cable Update (GBPUSD)

RESPECTFULY and I do mean that I 100% am on the opposite side of that equation - ESPECIALLY in Forex where a majority of the retail traders (myself included) close positions by end of day (EOD). I've traded options in the past - covered called, call ...

EURUSD only

I doubt that it will. I'm short UJ based on the 0.7% decrease in labor unit costs - THAT is really what the FED is looking at - not commodities or "things" it's all about wages and rent. IMHO this give cover for the FED to dismiss the higher PPI and ...

USD/JPY Discussion

Can I ask a serious question? How does this affect your trading? I've seen people talk about options expirations ad nausea but no one seems to find a method to make it profitable in trading. PERSONALLY, I view options as red herrings; distractions ...

EURUSD only

Ok back on the bull train - for today... image I'm expecting PA to test Monday's high. The decrease in labor costs will give the FED room to only raise 0.5%. (Personally I want a 0.75% just to get it done and over with).

EURUSD only

You MAY be right but for argument's sake let me present an alternative: The NFP by itself wasn't great but what was the trigger for the sell: Wage growth of 0.6%!!!! I've been saying this for months now but the FED will not stop tightening until it ...

EURUSD only

@Indigo45 USD is consolidating as traders now must decide if the December FED rate hike will be 0.5% or 0.75%. WHY? REVIEW: The FED looks at 3 areas of inflation: 1. ENERGY - coming down 2. HOUSING/RENT - still high, prices on houses need to fall by ...

Cable Update (GBPUSD)

STopped out - idle... Waiting for the "drop" to come - until then.

Cable Update (GBPUSD)

Respectfully I disagree. Powell is head of the FED and if the stock market crashes so be it...that is NOT the purpose of the FED. The stock market/equity traders are creating their own mess. Powell and the FED have been VERY CLEAR - rates are ...

Cable Update (GBPUSD)

Short term scalp: image

Cable Update (GBPUSD)

Well your comment shows that you are NOT a business owner (or you don't have employees). The "re-balancing" that you are talking about is this: WAGES are too high HOUSING PRICES are too high ENERGY PRICES are too high That is what the FED is ...

Cable Update (GBPUSD)

REALLY? Personal income UP 0.7% month over month???? TOTALLY UNSUSTAINABLE! Business can not continue to raise pay and people expect inflation to come down - IT DOESN'T WORK THAT WAY! In any business employee costs run anywhere from 25-50% and this ...

Cable Update (GBPUSD)