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getting ready to get back into the bank flow room. For those that were with us and maybe followed my usd long building positions all fall I am now locking in profit on eur. Before I stopped the room I gave the levels that would make me reevaluate my holdings, it was a weekly close…
We are faced this week with the FOMC meeting. As usual we do not expect them to change rates in any way, the key will be the verbiage of the statement itself which is always subject to interpretation. So do NOT expect this meeting to offer more clarity. In fact we expect the opposite. Also…
This week is of course shortened due to the Martin Luther King Holiday. The market is still trying to digest the NFP report. We expect this process to ensue into the next NFP report. The market as a whole is hyper focused on this one number and in the past when this has happened it…
Forex traders contemplate technical price action
After wrapping up 2009 with over 5,600 pips made for the subscribers to the inner circle, we are looking forward to 2010 being and even more prosperous year!