image NFP 117k vs 87k expected. Previous month revised from 18k to 46k. Unemployment rate 9.1% vs 9.2% exp.

Some notes

image Rumor gold margins will be hiked.

Some notes

In a zero-sum game the edge is traders ability to exploit market inefficiencies better then other market participants. Study as much as you can about this market and find your ways to make money.

Where is the EDGE in trading? The most important thing in trading!

Such opportunities don't come often and you just nailed it. Great work, man!

Smexy Trades

Like most inverventions I think these are just spits against the wind. The recent "successful" intervention on March 18 was able to turn the trend only because of lack of demand for yen from japanese exporters. Not my opinion, I think it was ...

Order Flow - Achieving the mindset

image SYDNEY, Aug 5 (IFR) - The EUR/CHF fell to a new all-time low at 1.0710 in early Asia, as a rumour made the rounds that Italy will seek a financial aid package from the EU as early as later today. There isn"t any confirmation that the rumour ...

Some notes

This trade is amazing, Monroe. Were you expecting a big fall or simply fading the stops?

Smexy Trades

image LONDON, Aug 4 (IFR) - A manic half-hour for the EUR with price slumping to 1.4152 from 1.4248 and then rebounding to 1.4240 as the Trichet rhetoric drives volatility. Initially the lack of reference to peripheral bond buying sank the EUR ...

Some notes

image Japan intervened last night (9pm EST) to curb the surging yen and BOJ announced an expansion of its asset purchases by $63 billion (1am EST at the rate announcement). These actions allowed the Yen to fall to 80 per dollar for first time ...

Some notes

They might mention CDS and spreads sometimes but not in a scheduled manner.

Order Flow - Achieving the mindset

image SYDNEY, Aug 4 (IFR) - The EUR/USD was given a lift late in the US session when the UK Telegraph revealed that EU officials expected the ECB to announce the resumption of sovereign bond buying in the secondary markets after 18 weeks of ...

Some notes

Key points: US - Possible QE3 due to slow US growth ECB may stop tightening cycle CHF and JPY, gold at their exptremes, exporters await actions from their CB's UK growth still slow while inflation still high which makes it hard to balance monetary ...

Some notes

image LONDON, Aug 3 (IFR) - The Swiss National Bank move to cut local target LIBOR bands to 0.0-0.25% and target the base of this newly tightened band has sent the Franc lower. The EUR/CHF rebound has hit 1.1105 amid the latest Swissie slippage, ...

Some notes

image RBA announcement left the rates unchanged at 4.75% as generally expected. Some economists, however, predicted a hike of 25bp.

Some notes

I remember that press conference. But at that time we only had soft employment data and now we get growth rate which is way below expectation. It doesn't even matter now what Bernanke thinks. Until he says again there will be no QE3 the market will ...

Reminiscences of A Forex Speculator

I wish there were some chicks in order flow gang bang .

Price action is dumb, and you're lazy for thinking otherwise

It's better to know it after the fact then to know it at all. Of cource ISM contributed to the move but it wasn't the only thing. These times EUR is highly correlated with peripheral/german bond spreads and these were widening again yesterday. Plus ...

Reminiscences of A Forex Speculator

Exactly. This was a general risk aversion situation (probably due to Unicredit downgrading) and it started before the ISM report.

Reminiscences of A Forex Speculator

Maybe, but S&P has already lowered their cuts requirements for keeping US AAA rating. They said it was misunderstanding.

Reminiscences of A Forex Speculator

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Reminiscences of A Forex Speculator