We will see what happens when all these Central Bank superstars start talking at a panel discussion titled “At the heart of policy: challenges and opportunities of central bank communication” at the Central Bank Communications Conference hosted by the European Central Bank, in Frankfurt. https://www.dailyfx.com/forex/video/live_events/2017/11/14/Fundamental-Trading-Will-Yellen-Draghi-Carney-and-Kuroda-Turn-the-Boat.html
Chinese data was the latest thing to help the AUD USD keep forming the ending diagonal we have been watching for the 4 -8 hour. Once it is finished a complete reversal may be in the works long term but for now, short trades continue to be working out well. https://www.dailyfx.com/forex/market_alert/2017/11/14/Aussie-Dollar-Struggles-with-Follow-Through-on-Chinese-Data-Miss.html
I have been long on the EUR NZD since last week and it is turning out beautifully. And as expected the NZD USD continues its perfect wave 5 down on the 12 hours and daily. What a surprise that the market keeps doing as expected! https://www.fxstreet.com/news/nzd-usd-hits-fresh-weekly-lows-near-06875-on-poor-china-data-dump-201711140222
You may have noticed how Gold and Silver were making a nice little wave 5 on the 1 hour when all of a sudden they slipped right on back down causing a more spread in time chaotic correction. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2017/11/08/Gold-Prices-Still-at-the-Mercy-of-US-Tax-Cut-Prospects.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:commodities
Trump finally announced what seemed to be a done deal already this week. Powell will be the new Fed Chairman. Although Yellen was not exactly the goddess of economics, I will miss her pleasant disposition and more or less friendly face. This guy’s face looks like he will be the one to steer the Fed into collapse just from the … Read More
Now that oil has broken important resistance to make new recent highs the pattern emerging is definitely an uptrend on the daily and weekly but still a correction on the monthly in case we forget. https://www.dailyfx.com/forex/video/live_events/2017/11/07/US-Oil-Secures-Breakout-but-Where-Will-it-Generate-Follow-Through.html?DFXfeeds=forex:video:live_events
After the intense week we had last week, the dollar ended up basically doing nothing after the non farm payroll. Fortunately, we were able to detect a news spike that would reverse and know that ahead of time-based on a recognizable news reversal pattern. This week the dollar is still hanging there not moving yet. https://www.cnbc.com/2017/11/06/dollar-focuses-on-us-yield-moves-over-tax-uncertainty.html
Listen to what John Kicklighter has to say about what is going on this week. But when it comes time to trade observe the pattern on the chart and you will see the trade clearly. I am expecting excellent trading results for these 2 events. https://www.dailyfx.com/forex/video/daily_news_report/2017/10/31/Political-Concerns-Further-Cools-SPX-Run-Fed-Drumbeat-Raises-Dollars-Profile.html?