Most technical gurus saw the H&S some months ago and began offering advice to short USD/JPY--and most saw a bottom of around 105. However, Japan monitors and interferes with their currency more than any other nations except China. They have to ...

The ‘Incredible Hulk’ chart pattern that’s smashing the dollar

No trader ever went broke by refusing to trade the yen. :-) It is one of the most controlled currencies in the world because the banks, the government and the business interests all work together as Japan Inc. The can and have moved to intervene ...

Japan Chief Cabinet Sec. Suga: FX Level Movements Being Watched With A ‘Sense Of Urgency’ - BBG

But at the time I write this, a couple of hours after the reports, the dollar currencies are right back at where they were before for all practical purposes and the dollar DX shows the dollar is selling off again in weak trading. In my mind this ...

EURUSD tumbles to new session lows after better ISM data

A good translation of Yellenspeak would be: "I know where my bread is buttered and I don't want to risk anything during an election year."

Yellen Says Caution in Raising Rates Is `Especially Warranted'

On any trade look for the structure of the market and where the Big Boys want to go. In any trade with a dollar in the pair, if you don't check the US DAX trend, then you are simply guessing what the probable direction will be. Oh, well, you have a ...

NZD/USD: All eyes on .6650 ahead of NZ trade data

These guys need to get their act together.

Two Fed Officials Point to Possibility of April Rate Hike

I have a novel idea. Show a little humility and Let the market work itself out to a solution. The history of these so-called "money experts' is that they have no ideas that are absolutely certain to work. Eight years after the "great recession" and ...

What tools does the Fed have left? Part 1: Negative interest rates

Lots of tech gurus positing USD/JPY down to around 105 because of head and shoulders up around the high of 125. Well and good. Could happen. But that is a huge movement that goes against the wishes of the Japanese financial establishment. Abe and ...

BoJ was not checking rates but asking market participants about the moves in USD/JPY -Rtrs

they apparently intend to keep rates artificially low, regardless of what most experts see as a growing US economy. Maybe they are in league with the desires of lots of big money interests to maintain a stock market boom over the longer term.

The Fed's Hidden Message

Folks, Britain has already committed demographic suicide. In 1968, Enoch Powell predicted the massive inflow of immigrants from the old territories of the British Empire would eventually change the demographics of Britain. He was forced out of ...

EU referendum: Bank of England ready to pump billions into financial system to counter turmoil...

He better not lose his head while trading.

Islamic State 'earning millions by playing the stock market'

Eur/GBP down will be big play for a while if following Elliott wave. I took off 90,55, 51 and 42 pips this morning and reentered shorts at .7727. Retracement now should provide additional entries at fibs .7733 and .7747 or if lucky all the way up to ...

ADP: Private Sector Employment Increased by 214,000 Jobs in February

If you use Elliot wave as a tool, you will probably see the UJ as in a very long 3rd wave of more than two hundred pips up to around 114.80-115.10 range. I'm up 158 pips with some adds that are 94 and 88 pips. You can expect some abc corrections ...

USD/JPY falls heavily

In general the reason why you want the FIFO rule changed is so you can exit a later trade, right? Just reset your stop to a one pip move and presto, your trade will be closed near where you wanted. NO FIFO

OANDA acquires TradeStation's forex trading accounts

There's plenty of risk in 4x without adding to it with unregulated foreign brokers. I don't mind the regulations if they keep U.S. brokers honest and financially secure.

OANDA acquires TradeStation's forex trading accounts

That was the RBAs position last year, eh?

RBA's Edwards: Would be more comfortable with AUD/USD at 0.65

A sane look at the financial problems and call for policies to acchieve normalization. It will probably be ignored by political financial mavens.

Securing Stability amid ‘The Great Distortion’ Financial Stability: Vulnerabilities,...

The Euro bears have been in control for so long that the market was becoming too one-way. In spite of the current problems, the banks need to drive the Eur/USD up for a while in order to find more sellers. And in the process, they can stop hunt on ...

European Bank Bloodbath Crashes Bond, Stock Markets

well, at least he apologized. I'm sure everyone who was invested with him is OK with that.

Fraud, $57 Million in Losses in 2 Weeks and Not Yet 30 Years Old

Banks are open but the bankers that trade currencies in London and Germany have gone home or to the pub after the London market closes. But someone was pushing the currency today to get a 100+ pip move.

OCR cut to 2.5pct, more reductions unlikely