My weekend update. All went approximately as foreseen. The underlying metric has not changed, but developed as expected. In short, the debt ceiling drama goes right up to the finish line. Well, did you expect anything less? The strong bounce ...

EURUSD only

Me too, nice to see you here. Have watched long your good charts. I have admit that I neither have the right platform nor the patience to put anything close together. As for the EUR... I have warned at the beginning of last week (when almost ...

EURUSD only

Yes, as for my analysis any raise in the near term is a more or less strong correction. ... and a chance to load up some sell. I would advice some caution at the 1.0750 +- level. That is the 61.8% fibo level of the last up move. 61.8% fibo ...

EURUSD only

As explained above, and all the news trumpets confuse the retail trader's mind to make their bucks by leading them into the opposite direction.

EURUSD only

The reason for the move the last weeks is smart money positioning. Over March and April the US Treasury dept issued less and less papers (Bills & Bonds) due to the approaching debt ceiling. That drained less $$ from the money market... and hence the ...

EURUSD only

Bounce from the 50% Fibo level (almost). I see the rest of the day wiggling arround 1.085x-6x. Depend on how the drama plays out.... next move tomorrow. image

EURUSD only

All goes according plan. The trend is clearly bearish. Still holding my sell positions - they earn a good swap along the way anyway. DXY target is for the meantime 103.5 testing the year open. There the DXY will probably have a short break. Depend ...

EURUSD only

That girl in the logo looks like the ghost in my nightmares

EURUSD only

The retracement for the next leg down is well in progress. London made a higher high (HH) based on today Asia session and yesterday (whole day). It came close to the low of the May 11th move. DXY came down to May 2nd high -> now resistance. The next ...

EURUSD only

[quote=Pat Chiko;14425423] GU And the scalping continue..... Gimme one GAP please..... As you wish... choose color and size image

Cable Update (GBPUSD)

Yeah, cycle end and risk off supported/triggered by debt ceiling. However, the drama this time is not the confirmation of the yearly "slice"... it is about a new absolute ceiling - like 2011. But, good enough for a solid retracement.

EURUSD only

I am from one of the affected countries. The switch is not happen just now... that started already last year with the sanctions and definitely when the Baltic Sea pipelines were blown up. The matter is the debt ceiling debacle... which just got hot ...

vsa with Malcolm

The day and the week ended right on the bottom. That does not look good for a bull run, rather for a continuation. Of course there are plenty of examples for turn arounds - but not under this kind of circumstances. So, the debt ceiling klabauke will ...

EURUSD only

I noticed that EUR selling started yesterday and today already hard during Frankfurt time. Hmm... Europeans wanted to get rid of Euros Since Germany is buying much of their energy (gas) now from US and not Russia... could it be that ...

vsa with Malcolm

Just like to refer back to url Believe me - don't fight the Dollar during the debt ceiling theater!

EURUSD only

So, you must have done something right

EURUSD Only

So folks, the debt ceiling drama is in full gear. I am old enough to remember how that plays out. I have seen it at least a handful times. Janet says she is not sure (ohh... ) but she could run out of cash possibly earliest 1st June. The ...

EURUSD only

That is really a bearish artwork

EURUSD only

Most probably. I will keep holding my shorts from Monday. They will earn swap anyway The target for this week might be the 38.1% fibo which sits around 1.0875-80. That would also fit nicely with the weekly average movement of around 170 ...

EURUSD only