Like many people, sometimes when in a deep sleep something suddenly awakens you in what is often described as a cold sweat. I had one of those moments last week when, from the darkest depths of my brain I sat up with the following thoughts... It was a combination of TRUMP and RISK exposure prior to summer months; let me elaborate... The world appears to be talking itself from a global economic slowdown into a full-on worldwide recession and we have TRUMP to deal with who believes … [Continue reading]
THE WEEKLY FX PREMIUM – JUNE 2019 PERFORMANCE
Over the years of writing weekly blogs, it is no secret that writing blogs around key market moving events is a nightmare. From beginning to end, my weekly blog takes some 7-8 hours to put together, have it proof-read, deal with WordPress for publishing and ensure that the various formats hit the right people as soon as possible after its posted. This is not a 20-30-minute exercise, not even a two-hour undertaking. I plan from Thursday onwards, what I will write about in this section, … [Continue reading]
POWELL – COULDN’T PULL THE SKIN OFF A RICE PUDDING
At the end of Powell’s Press Conference last Wednesday, I said under my breath “well there you go... WTF”. The way Powell never even pushed back on a question about a 0.50% interest cut in July was telling. I was educated on the basis that Central Bank policy is like trying to turn around one of the world’s gigantic oil tankers. It takes about 2/3 miles just to slow them down to enable a full turn in the reverse direction. The U.S. economy is in relatively good shape... according to TRUMP … [Continue reading]
ALL EYES ON THE FED THIS WEEK
As weeks go, last week was probably one of the quietest from my involvement with market since I started trading in the FX market. The quick and easy measurement is the fact that I only added eight new trade set ups and three of those were added last … [Continue reading]
TRADING… A TWEET TO TWEET STRATEGY
As we head towards the end of H1 2019, I have been reflective this week on my overall FX PREMIUM trading performance on completed trades for the year so far, also taking stock of the current live trades that are held as longer-term core positions. … [Continue reading]
THE WEEKLY FX PREMIUM – MAY 2019 PERFORMANCE
Much has been written this month by many traders and analysts, not just me, about how difficult the range bound FX markets are to trade inside. In fact, I think that I have been highlighting how awkward the FX market has been for a few months, … [Continue reading]
GOING, GOING, NOT QUITE YET… BUT SOON!
Just in case you have been hiding in a cave for the past few months, or like several fund managers, hiding under your desk on prescribed “Prozac”, let me tell you, the FX market is totally unpredictable. Day after day we have seen little to no … [Continue reading]
FX MARKET CONDITIONS and TRADING PSYCHOLOGY
Another difficult week in FX is over. When deciding what to write about this week in my opening section, it was a toss-up between: - THERESA MAY – the final days, but what / who is next? NIGEL FARAGE the EUROPEAN UNION PARLIAMENT and … [Continue reading]
THE WEEKLY FX PREMIUM – 2019 PROMOTION
For a limited time, until midnight Atlantic time 1st June 2019, I am offering the following PROMOTION to become a subscrtiber to my subscription service, THE WEEKLY FX PREMIUM. Scott Pickering The Pip … [Continue reading]
BRAVADO, BOLL***S, BULLS**T or BIDEN?
Quite a few subjects to choose from to fill my opening comments to the blog; - CHINA / U.S. trade deal. TRUMP – continuing to mislead voters with “FAKE NEWS”. Continuing BREXIT woes for UK Prime Minister, Theresa May. How and why … [Continue reading]
THE WEEKLY FX PREMIUM – APRIL 2019 PERFORMANCE
Another month of 2019 completed. It was a hard month with adjusting back into Atlantic time and trying to get to grips with opportunities in a range bound market. I could gripe and bitch about the market here, but I will not. Any bitching will be … [Continue reading]
WHERE NEXT FOR THE EUR/USD?
Last Wednesday turned my monthly performance around. Prior to Wednesday having been away for home for a few weeks, I had gotten caught in the AUD euphoria of a breakout above 0.7200 and was caught upside down in the market, after previously being … [Continue reading]
WHY IS THE FX MARKET SO RANGE BOUND?
I am now 100% back in front of my trading screens. It has been a rather insipid week with no real extensive price action to talk about, I often use the line all the “Flashing Lights” on my broker screens flatter to deceive the viewer. Following … [Continue reading]
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