If you’ve heard me say it once – I’ve said it a million times. A strong U.S Dollar will not be tolerated, as it represents a “red-hot poker to the eye” of both the corporate American “and” The U.S Fed.…
Chinese Manufacturing PMI came in Saturday with a miss at 49.8 – again signalling that the world’s “economic power house” is now in contraction, so I wouldn’t be expecting a big “up day” tomorrow morning. One needs to “completely ignore” the…
Short of the obvious / continued and “awesome” moves higher in JPY ( and much lower moves in the commodity pairs vs JPY ) the currency market seems to have “stalled”. We’ve long since come to understand the move towards…
When you are actively trading a given asset or currency pair, you often run the risk of “missing out” on large movements in price, as you’ve taken profits and then try to find the best way to get “back into…
I’m starting to run the risk of being called a “top caller” as the Alibaba I.P.O stirs further “bullish euphoria” across markets here this morning.I can live with that – if people are willing to consider this a ” 7…
From a purely geopolitical point of view things just keep getting hotter. An expected “bounce in risk” ( considering the oversold conditions ) not as forth coming here as Putin pushes back with sanctions of his own BANNING EUROPEAN FOOD…
You are all hotshots – I know. So…..tell me. As many of you have suggested “trading the fundamentals” is akin to “reading the entrails of dead animals” ( essentially suggesting that “pure technical analysis” is sufficient ) – what are…
Horrible data out of Japan last night has indeed “capped” the recent move higher, but more importantly has “put a stop to further easing” til at least October, if not til early 2015! The weakened Yen has pushed inflation higher…
I catch myself once in a while too so….you are not alone. Considering that 95% of traders fail, its difficult at times to keep a positive attitude. I understand that better than anyone. Having already gone through the “trials and…
We exited long USD trades last night and into this morning vs the EU related currencies EUR, GBP as well CHF, and the short SPY as well QQQ entered yesterday ( and days prior ) are really taking shape. An…