Weekly FX Drive-Thru

Some thoughts to help you trade forex more consistently

Weekly FX Premium

DRAGHI PULLS IT OFF – WHERE NEXT FOR EURO?

What can I say? There are not many times that I am lost for words... but fair play to Draghi. The reaction he received from the markets to the ECB Monetary policy announcements and his press conference last Thursday, must have had him checking his calendar to check to see had his birthday and Christmas rolled into one! I always plan what my approach is going to be ahead of big news events; Trade, or not trade. I have either a bearish or bullish bias in my mind pre the news release and … [Continue reading]

IT’S A MATTER OF WHEN NOT IF?

Geopolitical news is dominating the media in most parts of the world. From a FX trader perspective, we are operating in a news driven, sound-byte environment. News driven markets in my opinion, can often be the most dangerous in which to trade for several reasons, one of which is often the news released may NOT actually be accurate but the markets whip-saw around nevertheless. For this past week and into the week coming I have scaled back my trading activity, in fact I have only been … [Continue reading]

FX RANGE-BOUND AHEAD?

While I still think that EUROPE could have a big say in the FX market moves as I look ahead in the short and medium terms, it is the USD that has caught my eye more vis-à-vis its reactions to events whether economic or geopolitical. For some time, I have spoken about market complacency, more often than not attached to stock market traders than anything, but of late there is a feeling of, I don't know whether to call it complacency or apathy to some market events. A classic point of … [Continue reading]

EU / EUROZONE: ON THIN ICE

My last two blog introductions have been Europe focused. May 19th:  ITALY – THE DOOMSDAY SCENARIO? May 5th:    ARE BOTH EUROPE & UK AT THE PRECIPICE? I find myself once again looking across the Atlantic Ocean at Europe this week, despite … [Continue reading]

ITALY – THE DOOMSDAY SCENARIO?

Two weeks ago, my last blog in fact, I wrote about the UK and EUROPE being at the precipice. In the past 14 days sentiment has shifted and moves in the currencies I talked about have started, however, I never had ITALY as front runner to possibly … [Continue reading]

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FLASH, RADAR, MOMENTUM, FUNDAMENTAL and POSITION trades, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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