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Trading on Tuesday was rather subdued but with all the Brexit news lately my bias is to look for short GBPUSD setups while this pair is very active.   A short was taken today risking 24 pips for a potential 142 pips to our daily target at 1.2755. After the...

The major event risk this week was the ECB monetary policy statement and press conference that followed…particularly after their chief economist Lane’s statement last week about the exchange rate.   The acrimonious divorce between the E.U. and Britain has...

USD strength has continued for a third day going into the non-farm payroll release tomorrow.   Earlier in the week the ECB’s chief economist Lane commented that the ECB does pay attention to the exchange rate. This has brought some Euro shorts into the market...

The USD continued to attract more bears than bulls this summer during July/August and this was especially notable in the EURUSD move. In August the pair tried twice to close above 1.2000 but failed. The GBPUSD has also moved up and the Sterling bulls continue to...

The GBPUSD moved lower to start the U.S. session but reversed higher as the 1.3100 figure was tested. After the completion of a three candle reversal pattern a long was taken risking 22 pips for a potential 77 pips to our daily target at 1.3177. Price moved higher...

The market is long the Euro and short the USD leading up to the FOMC meeting minutes today. Without Congress agreeing on a stimulus package there is little reason to be USD bullish at the moment. The trade agreement between the U.S. and China is in question again...

The news calendar was light to begin Monday’s trading. After falling in the first half of the U.K. session, the GBPUSD began to find buyers near 1.3020 and began to push higher. A long was taken risking 20 pips for a potential 95 pips to our daily target at 1.3130....

The GBPUSD broke to the downside today and moved to our daily target at 1.2990 before quickly bouncing back above the 1.3000 figure.   A long was taken with a stop loss just under the day’s low as price was able to gain momentum upward. As the U.K. session...

As mentioned yesterday the Euro bulls are eyeing 1.2000 but we saw brief USD strength yesterday. It appears that the USD which has been sold sold sold of late may be attracting some buyers as we reach mid summer.   When the EURUSD could not extend above 1.1900...