Analysis of Forex Trading, Financial Markets, and Economic Policies
Posts tagged as:
The decision day for the Canadian Dollar is almost here. On Tuesday (UPDATE: 9:00 AM Eastern time), the Bank of Canada will release its interest rate decision. The consensus is that the BoC will increase its key interest rate for the second consecutive time from 0.50% to 0.75%. The historical rates can been seen in [...]
{ 0 comments }
Yes, mistakes were made. On a realized basis, I’m roughly flat for the week. While my recent trades have worked out well, the EUR/USD and EUR/JPY (x2) trades that were held over the weekend just killed me. As mentioned in the last intraday weekly review, it was the wrong decision to keep them. The short [...]
{ 0 comments }
The Pound-Dollar jumped on a space rocket yesterday. After touching an intraday low of 1.4976, the pair started to rebound, the shorts panicked, and the pair took off. In my last post (GBP/USD and Sovereign Credit Risk), I mentioned how I’ve been generally bearish on the Pound but could see some rebounds from oversold conditions. [...]
{ 3 comments }
The rating agencies have started mumbling about the U.S. and U.K credit ratings again (Moody’s warns about U.S. and U.K. ratings). All in all, it’s nothing more than small talk and something for traders to talk about during the day. And if you were long the pound at 1.5200 or so, just enough to probably [...]
{ 1 comment }
The short AUD/USD position hit its target today at .8980. It was a very close call because it hit the target and bounced off from .8978. As mentioned in the position analysis (Short AUD/USD from .9049), the .8980 is currently a big congestion and support zone for the pair. In the near-term, the only thing [...]
{ 0 comments }
