I took a week away from my screens last week and traded via by MacBook Air and iPAD whilst enjoying the sights around St. John’s, Newfoundland. I was traveling home last Friday and missed all the shenanigans of the USD falling in spectacular fashion and the EUR rising as the books of the larger institutions […]
BOE SURPRISES – WHERE NEXT FOR GBP?
What can I say? Trading FX brings up surprises every now and then. Last Thursday the MPC vote hit the wires showing a 6-3 in favour of no change in interest rates. In a matter of milli-seconds the BOE Chief Economist Andy Haldane was flashed on twitter feed as being the voting member who switched […]
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 […]
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 […]
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 […]
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 having “a pick” of topics that I could choose from the U.S. relating to […]
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 drive the single currency lower to new 52 […]
ARE BOTH EUROPE & UK AT THE PRECIPICE?
Probably like many other FX traders given the improving economic position seen across the EUROZONE, I was rubbing my palms with excitement thinking that there would be thousands of pips up for grabs in 2018 as Draghi brought the ECB dovish accommodation to an end and the ECB began tapering out of QE (Quantitative Easing). […]
USD READY TO GO?
Last week was not a week that I particularly enjoyed. I was caught the wrong way with two trading positions, GBP/USD long and USD/CAD short. I had multiple small positions across the two trades and whilst my loss in $$$ was not huge my loss in pips was circa. 1,000 pips. I made the novice […]
CARNEY CRUSHES THE CABLE and USD SPRINGS BACK TO LIFE
On Thursday morning last week, I started to think about possible topics for this week’s blog. I had written several tweets and made a few statements during SKYPE meetings that FX was getting really boring. The markets were being held captive by the EUR/USD not being able to break free of its range (1.2085 to […]
A DAY LATE and A DOLLAR SHORT
THE FIRST SHOT: 1.1. INTRODUCTION: This will sound a little crazy but over the past couple of weeks I have had worries about what to write about. I feel that the FX market is being dominated by TRUMP. Last week I even eluded to my early morning daily routine being altered because like most […]
CHINA / U.S. TRADE: THE HEAT IS ON
THE FIRST SHOT: 1.1. INTRODUCTION: Over the past two or three weeks my daily routine has altered slightly, in the sense that I am now waiting on a TRUMP tweet for direction rather than placing as much emphasis on my LEAD INDICATORS as I used to do. I have written quite a bit of […]
FX IS WAITING ON A CATALYST
THE FIRST SHOT – “THE SOAPBOX”: Equity traders were certainly on Prozac last week as the indices around the world leaped up like salmon out of a B.C. river then plummeted like a lead balloon only to come back and then reverse again. The intraday moves gave traders a wild ride in the office […]