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Bank Flows Light As we begin the holiday season we continue to see volatile swings as more economic data is released and persistent uncertainty about the global economy. The Bank Flows remain light and liquidity has not returned to a normal level. On Friday of this week we have US Non Farm Pay Rolls and…
Market Movement Yesterday we posted two buy levels on the GBP/USD and EUR/USD. The EUR missed the mark by 10 pips or so. However, the GBP had a solid spike into the 1.4725 buy level. We have now seen a push all the way into the 1.5050’s for a total move of about 325 pips.…
Stock Market Hits Historic Lows We have seen historic lows this week in the stock market. This coupled with the sagging global economy has driven some of the wild moves we have seen across the currencies. New Bank Flow Levels We have a few new bank flow levels to make you aware of. First on…
Sellers of Dollars on Rallies We have a lot of reports coming out this week with CPI and PPI likely to have the most impact, and of course we end the week with a BOJ meeting. So we expect report and news driven volatility to increase this week which should provide many large opportunities on…
Trading on Fridays As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm. Bank Flow Level…
O&F FOREX News & ViewsBy: Head Trader, Derek Frey November 10, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: Our Signal service generated 669 pips of profit to subscribers last month! Last week we saw the BOE surprise the world with a whopping 1.5% cut in interest rates.…
Bank Flow Data Remains Thin Over the past few months, since August, the global economy has created a volatile trading environment. Bank Flow data has remained thin as we faced uncertain market conditions. With the US elections behind us, the hope is that the markets will settle somewhat and we can return to a more…
UK GDP PROVIDES UP TO 150 PIPS FOR TRADERS For our last trades we were looking at the UK GDP and the Canadian CPI last Friday. For the UK GDP, we were looking to short the GBPUSD if the number came out at least 0.1% worse than expected. The actual figure came out with a…
TRADE CALL RECAP For our last live trade call, we were looking at the UK Retail Sales this morning, and we were looking to enter a long on the GBP/USD if the figure came out at least 0.4% better than expected. The actual number came out with a deviation of 0.3%, so it did not…
TRADE CALL RECAP For our last live trade call, we were looking at the Canadian Retail Sales this morning, and we were looking to enter a long only on the USDCAD if the figure came out at least 0.4% worse than expected. The actual number came out with a deviation of 0.3%, so it did…
TRADE CALL RECAP For our last live trade call, we were looking at the Canadian Retail Sales this morning, and we were looking to enter a long only on the USDCAD if the figure came out at least 0.4% worse than expected. The actual number came out with a deviation of 0.3%, so it did…
TRADE CALL RECAP For our last live trade call, we were looking at the US CPI report last Thursday. For this report, we were looking to enter a long on the GBP/USD if the number came out worse than expected by at least 0.1%. The actual number came out with 0.1% deviation, so it met…