Need a broker?

It is very important to choose a broker to trade with. Don’t get pulled in by brokers that give the whole ECN, NDD, STP, and what not speech. The truth is Continue reading

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Post-FOMC trades for the week ahead

In my post last week, I focused primarily on the AUDUSD, USDJPY, and NZDUSD pairs. I really didn’t look at the markets much at all given this meeting. Continue reading

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August inflation rate above 1% sends U.S. Dollar soaring

The U.S. Consumer Price Index rose to 1.1% on a year-to-year basis in August, 2016 up from 0.8% in the month before. This marks the highest inflation rate seen in four months boosted by rising shelter and medical costs. Continue reading

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AUDUSD eyes key 0.78 price level for bull strength

The prior week proved to be chaotic and more after Boston Federal Reserve hinted at possible tightening of monetary policy as the U.S. economy could be overheating. Meanwhile, Canada’s unemployment rate for August rose back up again to 7%. Continue reading

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Trade setups for the week of Aug 21, 2016

Prior to each week, I scan through all possible pairs in my watchlist and see which ones are worth trading for the week ahead. This week is no different and here are some of the technical setups I’m watching at the moment. Continue reading

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GBPUSD continues to remain bearish

After the consolidation breakout earlier, GBPUSD is preparing for another round of selling as it currently tests the 4-hour price level. Continue reading

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Post NFP review and USD long exits chart setups

Last Friday’s U.S. Non-Farm Payroll release continued with strong employment figures at 255,000 with biggest job growth in business services, healthcare, and financial activities with a decline in mining. Continue reading

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Sterling bulls return despite possible BOE rate cut

Earlier this month, GBPUSD broke above a roughly two week long consolidation just yesterday signalling conservative long positions into the Great Britain Pound once again. Continue reading

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