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- russellforex replied Apr 17, 2014
Markets have continued to slow down as we go into Friday. I don't think we will get much movement tomorrow so this is going to be the last post of the week. The GBP spiked above the 1.68 level and I got stopped out of my short. Price has dropped ...
- russellforex replied Apr 16, 2014
Unfortunately yesterday's suggestion on the GBP proved accurate and we saw a big move back up to 1.68 on a rather nice set of unemployment numbers. A lot tends to be made of individual data points but this one really does look important. After the ...
- russellforex replied Apr 9, 2014
Yesterday was a bloodbath for my book. My long USD position got slaughtered in every area. Part of this was poor positioning (GBPUSD), part of this was a hedge (AUDUSD), and the final part was, in my view, unjustified by fundamentals (USDJPY). The ...
- russellforex replied Apr 8, 2014
The weakness of the USD has come back to bite me again and the strength of the EUR meant that my AUD hedge fell apart completely as well. The big news should have been the BOJ but this was actually pretty uneventful. Kuroda was definitely quite ...
- russellforex replied Apr 7, 2014
As news was quite light today and I had commented late last night I thought it would be pointless to really comment earlier. We still haven't had many interesting moves. The big news today was German IP. This was a bit stronger than expected so we ...
- russellforex replied Apr 4, 2014
The big news today is NFP. Markets expect to see more improvement in the US economy with the unemployment rate falling to 6.6% and NFP increasing 200k. With my USDCAD position I am also watching the CAD employment data which reports at the same ...
- russellforex replied Apr 3, 2014
Today we have the ECB meeting. Interest rate markets are pricing a 3.8% chance of a cut. I think foreign exchange markets are looking for some action but won't get it. I expect that Draghi's speech later in the day will be more interesting and I am ...
- russellforex replied Apr 2, 2014
Major news today is USD ADP Non-farm Employment. On average, the USD looks unchanged. I think expectations are high and the market is looking for more positive news to buy into. The USDJPY has done well, I think this was more a technical move than ...
- russellforex replied Mar 31, 2014
The EUR has shown strength this morning after CPI data with more important numbers through the week. Traders are taking this opportunity to squeeze bears as the CPI wasn't as bad as expected, although it certainly wasn't particularly good either. It ...
- russellforex replied Mar 28, 2014
Selling more EURAUD on a nice hourly pin. The same pattern is up on the AUDUSD too, I think the EURUSD presents a slightly better option. The sentiment on the EUR is definitely worse and I think the current rally isn't really sustainable. Confidence ...
- russellforex replied Mar 28, 2014
The CAD is continuing to show a great deal of strength and the USDCAD trade was stopped out. There is a lot of CAD data upcoming next week, as well as NFP, which should break the chop that we are seeing at the moment. I continue to be sceptical ...
- russellforex replied Mar 27, 2014
GBP has rallied strongly on the back of retail sales. I was short GBPUSD and short EURGBP. I would like to say that this was a particularly skillful move but it wasn't. I actually was thinking about closing out this position as soon as I put it on. ...
- russellforex replied Mar 26, 2014
The trade in USDCAD was stopped out as the CAD moved higher. I was quite surprised by this and the move lower doesn't look particularly convincing but I can't really justify any further attempts given the break of support. I still the like the USD ...
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