Exactly right. However, the USD is only doing well against low-yield currencies like JPY. Japan has no interest in raising rates, and no one is "pricing in" any rate hikes for Japan. The USD is now getting a 50BP rate hike priced in for March. EUR ...

Working on my game plan on EURUSD, and you have the EXACT plan that I do. No need to say more. This is why I love this forum. I typically like to make a plan, then read what everyone else says. Is nice when you have someone with the same game plan. ...

One fairly large option expiring this morning @1.14000 at the US fix. This could create some attraction, but I think that will just create a nice short-term buy opp.

I may have to change my perspective. In this business, you have to stay flexible and roll with the punches. I assumed at the ECB meeting yesterday that USD would catch a bid off the back of Lagarde saying they are not interested in lifting rates. ...

Good Morning Traders! US 10Yr Rates are still up above 1.90%. These are real actual rates. I say this because EUR got a bump last week for traders PRICING IN up to 3 rate hikes this year. . Simply put, ANY risk-off will send BUYERS to the USD. ...

I agree. I took a short at 1.14740, quarter profit at 1.14380, and moved SL to break even. Just in case they want to retest, I'll take a bigger bite

I think it's more reactionary. However, I think they DO have the data before it posts, and they hit the buy/sell button seconds after the data posts. Already have their finger on the trigger. But since they ARE in the know, BONDS always tell the ...

This looks like it could be in the 1.1376 range. That is my number. If so, I agree

US 10year bonds just dropped BELOW $127. And the rate jumped UP to 1.896%. I didn't expect NFP to be so HIGH. Very good for USD. Given all data posted all week, I expected something much less, and maybe even a negative #. I believe since most ...

Bahaha. Alright, point me to an expert, and I'll show you when he/she was wrong at some point. I'm a swing trader, not a scalper. Just trying to pick up some key levels. 95.535 was a very key level on DXY. US 10yr rates moving HIGHER now at 1.838% ...

Be careful on the longs folks. US 10 year rates still increasing, gold not looking strong either.

Let's go ahead and ADD lower-than-expected unemployment claims in the US. More USD tailwinds. Now, if ISM comes in at 60+, USD to the moon! LOL, and JK. Looking for DXY to 97.7.

#truth Furthermore, with no rate increase in Europe, EURUSD headed south. I just added to my short position at 1.12935 after the release. The market was nice enough to drop initially, then recover some to get me in at a better price. Right after the ...

Nice call here. I took a small short here and simply moved stop loss to break even. Could be the turnaround, but I wasn't willing to risk much.

A bit of a wild ride! Something to take note of. US 10yr rates are not really moving. In fact, they are still below $128, my key barometer (1.788%, as of writing it dropped to 1.779%). And dxy selling off with strong moves. Something smelling fishy ...

1.4 BILLION Euro option expiring after US cash open. Strike price 1.1300 (This could be a barrier) 200 MA sitting at 1.13054 Possible reversal? Maybe. Just wait for some volume to come in around that area. DXY still needs to hit 97.775 Good luck all ...

I could be wrong. I agree this move down is NOT over, I think we get to 1.08 sometime this year, and it could be in March. However, its too risky to keep trying to sell this IMO. Ill look for other trades on other pairs while I wait for this thing ...

Entry and Exit Strat for VPA traders. This is what I was looking for after the Fed meeting.

What a move! But I think the drop stops soon. I won't be shorting this anymore. There are NO big options expiring today on this pair, or any other pair to be honest. Much of the reason the market is going WiLd. But tomorrow, $1.1billion one EURUSD @ ...

I think we are essentially saying the same thing here. Let me clarify: -I believe the FOMC will release their rates @ <.25 again @2pm NY time. So, nothing changes with rates, this will cause DXY to drop to and I think the FLOOR on dxy will be ...