lol, my take profit on the short position got filled at the daily PP. Now entered another short. GBP can't get any stronger before the referendum, except for nervous spikes

Cable Update (GBPUSD)

There is demand for USD from Russian corporations under sanctions - they buy dollars to make a total $77bln by the end of the year in payments to their bond holders. After being temporarily cut off from western credit markets they get currency via ...

USD/RUB

Sunday gap has been closed finally - nothing holds GBP from below until the referendum. Will be a fun downhill roller coaster

Cable Update (GBPUSD)

Sanctions won't be escalated next month if the ceasefire is expected. However, macroeconomic damage to Russian and European economies has been done, and it will take months to repair even within the most positive political scenario. Economic ...

EURUSD

Oh, we will! The EU has been tricked into joining the sanctions nonsense and self-inflicting unnecessary damage. Poor microeconomics has only started to appear, and divergence with the positive U.S. indicators will only grow for months now. A ...

EURUSD

Closed all my EUR/USD shorts on todays gap - at 1.3198 Holding confident longs for the gap closure, looking to start shorting again around 1.3220 Rode the USD/JPY gap closure for with a modest profit.

EURUSD

Shorting EUR/GBP is the safest bet

Cable Update (GBPUSD)

Certainly, everything is far from fine in USD, but short-term the relative concerns are in Europe. Longer period of low rates and problems in economy being artificially created due to near-sighted geopolitics as we speak.

Cable Update (GBPUSD)

Well, the Fed is anticipated to start raising the interest rates way ahead of ECB, hence the lazy uptrend in USD. Since the European political and corporate leaders have finally decided to shoot themselves in the foot, and risk another recession ...

Cable Update (GBPUSD)

It looks like the European political and corporate leaders have finally decided to shoot their economy in the foot by joining the real sanctions against Russia. Hence, this is the perfect timing to enter long-term shorts in EUR/USD. Short term ...

EURUSD

Industrial production in the US unexpectedly declined, stocks plunged

EURUSD

The trend up has not ended just because of verbal intervention fom NZ central bank it's a common story with NZD - they interrupt the climb by talking it down, then it goes to new highs if anything, we've had long opportunities this morning

NZD/USD

It might come again briefly (would love to buy there yet another time), but we still have to close the gap from 2 Sundays ago at the 1.3880's level I've enjoyed scalping many longs during this comfortably slow gap closure

EURUSD

The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form Most likely, sideways market again

EURUSD

Closed my long on EUR/JPY overnight (Sunday gap closure), still riding the last remaining Sunday gap closure - long EUR/USD till 1.3880's down trend is most likely to form after touching that level.

EURUSD

It is an account killer if you over-leverage and can't afford a floating loss until the gap closure. Inevitable gap closure has two main implications, in my opinion: - You shouldn't trust trade signals if they point at entry against gap closure - ...

EURUSD

Sunday gaps still have to close on EUR/USD (1.3880) and EUR/JPY (141.03) before any serious downward trend is possible. I am not saying it can't spike briefly, but those are just buying opportunities. Perfect short entry at the gap close

EURUSD

Much more reliable short in EUR/JPY now, if you look at daily and weekly scales - we are at the upper limit of the descending trend I closed long and went short for the weekend at 139.46 (today's R1)

EURUSD

Finally, my 4-hr long in EUR/JPY is over, bagged 40 pips. This pair always respects R/S levels, and R1 was left untouched on the NFP spike

EURUSD