Author: Trevor Ford

We are nearing the end of a very volatile week in the currency markets. Trying to find a big figure or two has been nearly impossible except for this past Monday.We are sticking with our theory of stronger USD for the coming...

We re-iterate our comments from last night. (See previous posting at www.backbayfx.com/blog.php)The Fed did comment that they forsee rates staying low for quite some time. That statement was enough for us to buy USD by shorting...

The US Federal Reserve prints it’s FOMC statement tomorrow at 2:15pm EST. After the Fed’s last FOMC announcement, we saw the futures markets price in a much higher expectation of the Fed increasing US short term...

Wednesday June 24 – US Fed Reserve Announcement @ 2:15 pm EST. Expect statement on Fed’s Quantitative Easing Program. No expected change to short term interest rates.Thursday June 25 – US 1st Quarter Gross...

Our short term trade idea from Friday (long EUR/USD) worked in our favor, and then the pair tailed off in the afternoon. When we opened up our charts this evening, we saw the same set up as Friday. We will enter a similar order...

From The Financial Times June 19 – The Lex Column – “Government Motors”General Motors and Chrysler car dealerships are using some of their political donations over the years to avoid being closed down. So...

In the below image, we put a EUR/USD 30 minute chart overlaid with our standard Bollinger Bands (“BB”).We see higher lows for the last 16 hours and a fairly tight channel moving higher. The risk/reward scenario seems...

The chances of a direct conflict between the US and North Korea are escalating. The US Navy is reportedly following a North Korean ship through international waters. Under recent UN sanctions, the US could request to board and...

Last week we posted three comments on specific moves in the currency markets, and one commentary regarding US Treasury Yields.Our posting from June 8 that the next large move in GBP/JPY would be lower has yet to work out. We...

EUR/USD has just broken through the bottom it’s recent support line (noted in BLUE on the below image). The start of that support is the same level (1.3780 – 1.3800) as we say as a launching pad for EUR/USD back in...