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Category: Forex and Futures Commentary

Just Another 600 Pips For GBP – US Elections On Tap

Tomorrow is election day here in the US, and there has been a wide range of skepticism in terms of what to expect out of the markets. I’m playing less in line with the actual
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Anyone Familiar With the USD Carry Trade?

The US cut another 50bps off of its interest rate today, and sent equities skyrocketing, and the dollar down the drain. Risk-related pairs went through the roof, many of them coming up to the halfway
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Picking Up the Pieces

Japanese equity markets showing big signs of strength today following the open, trying to recover from 5 straight losing sessions. US home sales came out a little better than expected today, and the US rallied
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USD Has a Pretty Good Week

….for the US dollar, who else? This USD uptrend doesn’t want to give up, and I’ve been playing dollar longs and short term countertrend shorts all week mainly on EUR/USD, GBP/USD and USD/CHF. Pips have
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Manufactured Money: Let's Print Some Cash

Nowadays, if you say “please”, chances are someone will give you $150 billion dollars. World indices are showing sluggish gains tonight but not expecting it to last, or with huge strength. Economics are still bad
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USD Consolidation Continues; OPEC Under Pressure

Optimism floating around the world markets tonight as volatility continues and seeing further bailout signs of hope coming in from other parts of the globe, namely the Netherlands and South Korea. SPX futures are also
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*POOF* – And Then There Were None

  The stock market rally went as far as the middle of last night, with SPX futures climbing steadily before the sellers came stomping in again. We didn’t even get our shoes on. Yesterday I
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EQUITY MARKETS FLY; REVERSAL INDICATIONS PLANTED

  I really hope you weren’t one of those people that liquidated your retirement account last week.   The picture to the left is a scientific way of explaining what the equity markets did today.
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Today on GBP/USD

Updated at 9:29am EST
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