Depends on what the 10 Big Banks that control the market want to do. They obviously needed a correction to hit the retail market traders stops and find some more sellers, but they may not be finished.

Euro breaking key technical levels to confirm a change of outlook

How many times have we heard this? Only to have someone from the Greek side come back and deny a deal is near.

Greece nears debt deal in May as money runs low

Excuse my ignorance, but does the price of gasoline purchased affect this retail sales metric? I suppose I could dig that out, but I bet some of you guys already know.

Retail Sales Little Changed as Americans Reluctant to Splurge

That's what I heard. And the commodity market is still soft. I think the Kiwi rebound will be a rally I will fade as a selling opportunity.

Reserve Bank announces new LVR restrictions on Auckland housing

It hasn't disappeared. It's merely hidden away in someone's Swiss bank account. Headline writers always seem to be amazed when these type of shenanigans occur in the financial world--which is strange since they happen with great regularity.

One-eighth of Moldova's GDP has gone missing

I was lucky and got out of my short Aud/NZD and AUD/CAD when I saw them waver and start to retrace and smelled a rat. Made a few pips but really had to move fast.

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Oh, I don't know, Bloomberg is pretty useless as well. Every headline seems to use the word 'unexpectedly' as an excuse for anything that happens, apparently to get them off the hook for making any predictions or errors.

Can EUR/USD hold on to this key technical breakout?

Hard to believe that the Fed thinks it can ignore a letter from a Chairman of a Financial Oversight committee. An agency gone rogue?

Fed Fails to Comply With Lawmakers’ Request For Names in Probe

Everything in life is subject to cycles and politics. Remember when the USD/Chf went from 1.0172 below .84 a couple of months ago? Were you prepared? The only sure thing is that fundamental changes in geo/politics can ruin a currency. Anyone buying ...

EUR/USD: Here Is Why There Is No Bottom In Sight - Goldman Sachs

I'm awfully cynical when it comes to the Yen. Why do some call the Yen trades "the widowmaker"? In my opinion the Yen is too susceptible to manipulation by the members of "Japan, Inc." Would anyone care to bet whether he had bought a few trades ...

Abe adviser: Yen at 105 is appropriate given purchasing power parity

Folks who say that countries can't repudiate foreign debts and survive should review their history. In the course of history there have been other nations that have repudiated foreign debt and survived. Mexico comes to mind as a country whose one ...

Don't be fooled by Greece making that IMF payment — the country is still marching into chaos

When you owe the banks a reasonable amount of money, they own you and can dictate terms and rates. When you owe the banks an amount of money that cannot reasonably be repaid, you own them. What are the Eurocrats going to do--invade Greece and strip ...

Greek Debt for Dummies

I look for some small slow incremental rate increases to keep from disrupting the markets.

Yellen Sees Gradual Pace of Rate Increases Starting This Year

Which makes me wonder why you or I read any of the posts on this thread or site which is such a small sample of traders in a vast market. I suppose we are all just looking for reassurance that our own biases on trades are held by other morons. :-)

BoE’s Carney: Likely That Next Move In Rates To Be Hike

You are only trapped if you can't absorb bullish rise in AUD/USD up to .80 without being stopped out. Otherwise what you have is selling opportunities into rallies in the range, no?

USD, EUR, JPY, GBP, AUD: Outlooks For The Coming Week - Morgan Stanley

I was fascinated by the 'floor' on the Eur/Chf for a while as it seemed to give a guarantee safety net to long trades. However, John Kicklighter of the Daily FX section of FXCM did express some caution and said that if the floor gave way it would ...

FXCM to Stop Trading Some Currencies After Swiss Franc Losses

In 13 states it is possible to get around $50,000 in benefits from government without working. That is about the average working wage for a couple in those jurisdictions--so for many it makes a lot of sense to stay home and relax without the stress ...

There are now More Than 5 Million Job Openings in America

Great opportunities to replicate the profits of yesterday in AUDUSD and NZD/USD when the short squeeze ends. You know these antipodean governments don't want their currencies to rise and they will revert to the reaction of their rate cuts. My take ...

Epic dollar squeeze erases AUD/USD losses

The Yen just keeps getting stronger and stronger against all currencies. It seems to me that this trend is not sustainable by Japan, either because of Abenomic policy or the inevitable problems of an expensive Yen. How can the Yen be considered a ...

FOMC Statement