Thoroughly enjoyed this read - thank you

@priceaction1 (love the nickname btw) so when I reference the U.S. Dollar Index it is because I trade that futures contract (DX) and that it still is the main way the market interprets what the dollar is doing and therefore allows me to understand ...

Despite the February recent - I agree - the path of least resistance is still down. Hope you grabbed some nice pippage from tonight's move.

Hi Trout, for me that 102 handle is where we'll see downside acceleration on a lousy ADP or ISM or New Home Sales. For sure today's will be all about those risk events. There's not a lot of momo here but there's support. To the upside, he areas of ...

"About the get jacked up"? That would have been a perfect title for the update!

Agreed, that range has been tightening over the previous five sessions. Aggressive fade buys between 1276 and 1300. Not certain that a resolution to all that worries the market now will trigger a rally however a breakout through 1335 could trigger ...

You 100% correct buster48, I think that's why is caught the market so off guard...his statement (perhaps misconstrued by the market?? or at least way too premature!!) does seem to defy logic when considering the housing boom and the fragile state of ...

Great read Trout! Thanks for the link. Having a rum & pineapple myself. Cheers!

Trout, 100% agreed. Much of the set up will be predicated on the historical high range of the pip movement and what I'm thinking it capitalizing on the exhaustion that an in-line to slightly better GDP could trigger after a pop. My guess is for a ...

Loadedgun, fair enough. Frankly, I could write an even more simple & succint update and say a better-than-expected NFP will trigger more equities short covering and a subsequent rally to continue what was started today. I've always been one for ...

Love the discussion here traders! Very thoughtful commentary. I am enjoying it!

I still see the aussie outperforming the loonie and a bounce despite the aussie's weakness today after the disappointing Employment Change numbers.

The fact that we're above the 200DMA offers us a strong support level to build a push higher off of. The aussie has been resilient and the correction of the uptrend offers a low risk entry. A flat to weak Trade Balance number on top of last night's ...

AUD/USD bulls, head's up at the 200DMA. I'm in trailing stop mode now especially with the onslaught of data tonight. Thanks everyone for your comments, the constructive ones anyways

jonahky7, as always, terrific comments my friend. I've come to expect that from you. The bar is set high now

I love this comment thread everyone. madno2, I think that Mayan comment is the funniest thing I have heard all year!

My initial sell limit is waiting with 1/3 of my overall position size at 81.90...and while it does look like - for now - the 81.50/81.55 area is holding as near term resistance, I would rather wait for a push higher and get short against the major ...

So if we get the 25 basis points as expected and a dovish statement, does the AUD rally...

Well, the other option is to got straight to the home page where the post should link to you the full article. url

By the way aussie dollar traders, there's more than a growing whisper for a 50 basis point cut...not expected now but that statement better be dovish! Stevens' April 3rd comments in light of this were just conpletely out of sync.