Day: June 4, 2018

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  Seasonal scorecard: May was a win for seasonal trades

  Selling the euro was a winning trade "Sell in May" always works...so long as you sell the right thing. It started off as a quiet[...]
  2018-06-04 21:15:37

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  EURUSD sets up for the next move

  Rally today gave buyers some control, but more to do The EURUSD rally today, initially stalled near the 100 hour MA (blue line in the[...]
  2018-06-04 21:15:37

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  Draghi's speech on 5 June has been cancelled

  ECB president Mario Draghi was due to speak tomorrow The ECB has cancelled the event tomorrow (details ), saying that Trichet is unable to participate[...]
  2018-06-04 19:26:42

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  ECB's Nowotny says that EU must have united stance on trade issues

  ECB member Ewald Nowotny speaks in Vienna Nothing else so far from Nowotny. He's at a EU conference in Vienna. But from the looks of[...]
  2018-06-04 19:26:42

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  The AUD is the strongest. The USD is the weakest as NA traders enter for the day

  The EURUSD reaches the highest level since May 24th The AUD is the the strongest currency today (so far) after retail sales beat expectations in[...]
  2018-06-04 19:25:06

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  EURUSD backs away from 50%/100 bar MA on 4-hour chart

  Swing levels also give sellers a reason to sell, but some support at broken neckline is now eyed at 1.1720 area. THE EURUSD is higher[...]
  2018-06-04 19:25:06

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  BOC's Poloz is upbeat on investment despite NAFTA uncertainty

  Poloz did the media rounds on the weekend USD/CAD is down a quarter-cent to start the week as the US dollar loses ground across the[...]
  2018-06-04 19:25:06

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  USDJPY waffles between retracement levels today (and some MAs too)

  Little changed from Friday's trading The USDJPY is waffling between retracement levels today (and 4-hour MA levels too).  The 50% of the move down from[...]
  2018-06-04 19:25:06

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  GBPUSD trades to new NY/London session lows and goes in the red

  Trades below the Friday close The GBPUSD closed at 1.3345 on Friday. The London session low was at 1.33459. The price just fell below that[...]
  2018-06-04 19:25:06

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  USDCHF retests...now breaks....the 100 hour MA

  Can the other resistance targets now be broken. The market traders tested the 100 hour MA in the Asian session. That MA stalled the rally[...]
  2018-06-04 19:25:06

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