Trade Call for May 30, 2008

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…

5/29/2008 Bank Flow Update

This week has seen a lot of ranging on many pairs. Now towards the end of the week there seems to be enough movement for me to be able to post some trade levels. I have some levels on both the EURUSD and USDCHF. At the time of this post the EUR is at 1.5560…

Trade Call for May 23, 2008

CANADIAN RETAIL SALES PROVIDES UP TO 30 PIPS OF PROFIT This morning we were watching two reports.  The first was the UK Retail Sales report, and we were looking to buy the GBPUSD if the number came out at least 0.5% better than expected.  The actual number came out with a 0.3% deviation, so it…

Trade Calls for May 22, 2008

CANADIAN CPI PROVIDES UP TO 30 PIPS FOR TRADERS For our last live trade call, we were looking at the Canadian CPI this morning, and we were looking to enter a short on the EUR/CAD if the deviation met our safe trigger of 0.2%.  The actual number came out with 0.2% deviation, so it met…

WORKING TOGETHER

WORKING TOGETHER WE ACCOMPLISH MORE I know some of you may have some questions as to why/how I am able to get such great rebates and sign on bonuses for our traders opening trading accounts. So I thought I would explain how the forex world goes around real quickly here.  INTRODUCING… THE REFERRING AGENT First,…

Weekly outlook for Majors

General Market Comments: This week we have little in the way of major reports. The Dollar is trying to hold onto its bid but we see signs that the Dollar may pullback to retest prior lows in the near term. In a macro sense the Dollar continues to put in a bottom but on a…

Weekly outlook for Commodities

Commodities remain the darling of the investment world.  Let me briefly comment on something currently in the media.  There is talk that speculators are responsible for the high price of Crude oil and other commodities.  The people who make this argument clearly do not understand how markets work.  Speculators are not responsible for the high…

5/16/08 Bank Flow Weekly Wrap Up

USDCAD The CAD has made a nice effort to make it down to my previously posted level at the .9920 area. While .9970 gave it a tough battle for a while it was able to squeeze lower to .9940 missing the lower buy area by 20 pips. The .9920 area still remains valid but I…