June 2017

Yellen Claims that Banks are Stronger Now and a Financial Crisis is Not Likely in Our Lifetime.

I am not sure how long Yellen’s lifetime should be predicted to be but I guess this is comforting to hear from the person who should be the expert on economics in the U.S. But, of course, can we really trust the people who run the Fed, whose agenda may be to keep people ignorant …

Yellen Claims that Banks are Stronger Now and a Financial Crisis is Not Likely in Our Lifetime. Read More »

Beautiful short on USD CHF now approaching possible exit!

The dollar has sunk against the CHF and the EUR this week but I believe that is mostly because of the EUR action going up. Whatever the reason for the move we nailed it again but not nearly as profitable as the trades we entered on the EUR AUD and EUR NZD. https://www.investing.com/news/forex-news/dollar-sinks-to-seven-month-lows-against-rivals-amid-euro-surge-499815

I have been looking for a turn on all dollar pairs and thinking it could happen today.

John Kicklighter is an excellent analyst using both technical and fundamental indicators and when he explains things in his videos it makes so much sense and often confirms what I was expecting. https://www.dailyfx.com/forex/video/daily_news_report/2017/06/21/Trading-Video-Dollar-On-Technical-Verge-of-Reversal-SPX-Further-to-Go-RBNZ-Ahead.html?DFXfeeds=forex:video:daily_news_report

Carney Helps Create A Nice Short On The GBP Pairs.

Right as this is happening I see Carney was scheduled to speak at the Mansion House Dinner. Apparently that was kind of important and now you can see how it formed the short earlier and here you can read why that happened. https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/06/20/British-Pound-at-Risk-as-BOE-Governor-Carney-Remains-Dovish.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_open