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TRADE CALL RECAP For our last Live on the News event, we were watching the Canadian GDP report this morning. We were looking to short the USD/CAD or EUR/CAD if the report came out at least 0.2% better than expected. The number came out with a deviation of 0.1%, so it did not meet our…
General Comments: This week we have both a large amount of data coming out and a shortened week here in the States due to the 4th of July holiday on Friday. All eyes remain fixed on Crude Oil. The market very much expects Triche to raise rates later this week in an effort to slow…
The FOMC did nothing as expected. Really not much they can do but sit by and watch the destruction happen and wonder why. As if they were not the cause. The reason we are in this mess is simple. The devaluation of the Dollar is the culprit. Never in the history of recorded time has…
TRADE CALL RECAP For our last live trade call, we were watching the UK GDP report that was released last Friday. We were going to sell the GBPUSD if the deviation was -0.1% or worse. The actual number came out with a -0.1% deviation, so it met our trigger and we had traders report profits…
TRADE CALL RECAP For our last live trade call, we were watching the US GDP report that was released this morning. We were going to trade if the deviation was 0.4% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
TRADE CALL RECAP For our last live trade call, we were watching the US Durable Goods report this morning. We were going to trade if the deviation was 2.5% or higher. The actual number came out with a 0.1% deviation, so it did not meet our trigger and we did not get in a trade…
CANADIAN RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS Last Friday we were watching the Canadian Retail Sales figures, and we were looking to short the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.5%, so it met our…
In the past several days we have seen most pairs go into a consolidation mode. Most of the currencies have found comfortable ranges and have bounced between those levels creating a choppy volatile environment. For technical traders this has played out well. For the longer term trader this can be a very frustrating period. I…
TRADE CALL RECAPS For our last live trade call, we were looking at the UK Retail Sales and Canadian CPI reports this morning. For the UK Retail Sales report, we were looking at entering if we had a deviation of 0.5%. The actual deviation was 3.6 which triggered a Buy on the GBP/USD. Traders in…
TRADE CALL RECAP For our last live trade call, we were looking at the UK CPI yesterday morning, and we were looking to enter a long on the GBP/USD if the figure came out at least 0.2% better than expected. The actual number came out with 0.1% deviation, so it did not meet our safe…
TRADE CALL RECAP Our last live trade was last Friday when we were watching the US CPI report. We focused on the Core CPI figure and were going to buy the USD/JPY if the number came out at least 0.1% better than expected. This number came out with no deviation, so we did not enter…
This week we are looking squarely at the summer doldrums. Markets are drifting more than anything else. We do not expect any abrupt change interest rate policy out of any major Central Bank anytime soon, so we do feel that many markets are currently a bit out of step with that idea. That presents us…