Trade: Long GBPUSD @ market (now 1.5409) Stop Loss: 1.5370 Take Profit: 1.5450 Commentary: Support & Resistance (S&R) Trading Strategy. This is a short term trade. We are buying GBPUSD off of support, looking for a...
Read MoreFeb. 24 (Bloomberg) — U.S. stocks rallied, halting a global retreat, after Federal Reserve Chairman Ben S. Bernanke said the central bank will keep interest rates low to ensure the economic recovery. Bernanke told Congress...
Read MoreEURUSD Trade: Sell Limit EURUSD (pending order @ 1.3603) Stop Loss: 1.3650 Take Profit: 1.3445 Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours,...
Read MoreThe EURJPY has been trading down for the last two months. When you combine that with US equities breaking their uptrend it looks as if a new bout of risk aversion is under way. This makes for a very tempting short trade in...
Read MoreThe equity markets have taken a sharp turn south today, the consensus for the catalyst seems to be those weak consumer confidence numbers that were released today, but I suspect this is the longer term effect of the Fed’s...
Read MoreAustralia is an anomaly in our world today. They are the only country that has increased interest rates in the last year, as a result their currency has been quite resilient as of late, but has the AUDUSD topped out? Take a look...
Read MoreAfter a surprise rate hike in the discount window by the Federal Reserve yesterday, Fed officials have been stating it does not reflect a change in monetary policy regarding the federal funds rate. After the rate hike, there was...
Read MoreGBPUSD Trade: Sell Limit GBPUSD (pending order @ 1.5584) Stop Loss: 1.5643 Take Profit: 1.5410 Commentary: Daily Limit trading strategy. Today’s signal was sent out near Thursday night 23:00 GMT. It expires shortly before...
Read MoreIn an unscheduled move, the Fed increased the discount rate from 0.50% to 0.75%. According to their press release this move was decided upon to help encourage more interbank lending, instead of banks borrowing directly from the...
Read MoreTrade: Short USDJPY @ market (now 91.26) Stop Loss: 91.66 Take Profit: 90.90 Commentary: Support & Resistance (S&R) Trading Strategy. This is a short term trade. We are selling USDJPY off of resistance, looking for a...
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