4 trades at 100 pips is a nice morning. I took the profit and am satisfied with that. Hope for major rally to short again.

ECB monetary policy decisions

Good thinking about the Chinese reports [lies] Since they are always good news it should give the Aussie pairs a boost. But I'm still a seller of the AUD/JPY if it rallies high enough. I made some nice pips on a short today but lost most of it back ...

Westpac Consumer Confidence Index for October: +0.9% m/m

I'm closing out all trading in the account(s) I currently have in the Trade Explorer program. I'd like to get a new start with my new accounts I have established with Oanda. Your user manual talks about deleting a Trade Explorer but I haven't found ...

Get a fresh start with Trade Explorer

Didn't she and the Fed just renew the 'considerable period' wording? Now, she's waffling? The one thing businesses and individuals need is the assurance that the Fed is not going to be volatile in its pronouncements on policy.

Yellen Warns on Market Calm Before ’Considerable Time’ Up

USD/Cad came back to my SL and closed me out for the week on active trading. I still have a few losers (which I call 'long term' trades) that I'm riding out with big SL rather than close. That shows I'm not quite as smart as I like to think.:-)

Retail Sales in U.S. Increased in August by Most in Four Months

I got nervous about the uninterrupted strength of the dollar lately and cashed in my USD longs for nice profits. I bought a couple of pairs (USD/JPY & USD/Cad) at the level where I took profits, but put some close SL on them as soon as the got into ...

Retail Sales in U.S. Increased in August by Most in Four Months

No good report goes unpunished. For something like this movement to happen you have to suspect that the Big Banks that actually can control the FX market have decided to move the other way, taking profits from the sustained dollar strength by ...

Retail Sales in U.S. Increased in August by Most in Four Months

Apparently the good news on PMI and consumer sentiment is bad news for the USD in 4x since the USD/JPY dropped around 25 pips and USD/Cad about 30 on the initial move. “Would you tell me, please, which way I ought to go from here?" "That depends a ...

Chicago PMI surges to 64.3 in August, regaining lost ground

I think we may see some ranging for a while, but the bias should be for the USD to get stronger over time as the US economy seems to have a better midterm future that Europe.

US consumers less optimistic as sentiment hits 9-month low: UMich/Reuters

Interesting. If true, it means the government is setting economic data by polling or protests by interested parties.

Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following...

Wonder how many shares DE Shaw and Goldman Sachs are holding as they tout the shares to their customers.

Banco Espirito Santo Plunges: Shareholder Meeting Cancelled Due To "Unexpected Facts"

Has anyone thought about a connection between the end of unemployment welfare benefits and the rise in the workforce. I knew several folks who were quite happy to stay out of the workforce on a paid furlough via their unemployment benefits. The ...

What to Do About the Jobs-Growth Conundrum

I started to place a long trade with a trailing stop but remembered the advice to wait five minues after news to make a trade. While that rule doesn't always work and you sometimes miss a trade, you should never worry about the money you didn't make ...

BOC Monetary Policy Report - Press Conference - July 2014

I guess you could say that about any article on trading or investments unless there is an explicit statement that the writer has no financial interests in the action described in the article, eh?

EUR/USD rebounds, QE in doubt

Remember when Abe came in with 'Abenomics'? Most trading advisors were predicting higher peaks in this pair, way past 104. I've heard the pair USD/JPY is nicknamed 'the widow maker' by some traders. There is probably a reason for this.

USDJPY May Soon Awaken From its Slumber

FF shows a major decline. What is the real story?

U.S. wholesale inventories rise solidly, may boost second-quarter GDP

I hate conspiracy theories about insider trading tricks. But cold hard facts about key economic data seem like they should be immune from mistakes at the ISM level of professional competence.

Economists say ISM miscalculated data

Hmm. Free market products that get no government subsidy but thrive and produce profits in all kinds of economic conditions. In bad conditions, people want to forget their troubles or find temporary enjoyment. In good times, they want to party and ...

Drugs and prostitution add £10bn a year to UK economy

It's curious that people here denigrate every publisher of news, whether government or not. Is everyone just cynical, or has no one ever found a reliable source of news and information?

One Million People Dropped Out Of Labor Force In April: Participation Rate Plummets To Lowest...

I 've played a bunch of short NZD/USD over the past weeks from 86.30 to 85.50 range with a lot of pips made. Not saying the Kiwi can't go to record highs, but the upside potential probably isn't much more than 100-150 pips above the 86.50 mark IMO. ...

Reserve Bank raises OCR to 3 percent