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The USD index continued to move higher today and we will see if it closes above 98.00 to end the week.   The Canadian dollar one would think would be having a good week too after favourable comments regarding the economy from the Bank of Canada’s Governor...

The market appears to have turned its focus away from selling the USD this week, despite the rhetoric between the U.S. and China. On Monday the USD sold off and then bounced and has shown strength each day since.   The GBP remains mired in British political...

The GBPUSD is trending lower again and a failure to get above a critical level today near 1.2960 created a short entry…also ending its retracement wave higher.   The trade required a 15 pip stop loss for a potential 61 pips to our daily target at 1.2888. Price...

The markets have been waiting for a positive end to the U.S. – China trade talks, but the drama continues and the sentiment is “risk off” today.   A currency pair that is useful for gauging risk is the Australian dollar Japanese yen. The Aussie being a...

British political turmoil continues and a Brexit solution still appears to be far away.   As the U.K session got underway, price moved down to test yesterday’s lows and bounced upward to test its Asian session low. Price was unable to close above this level...

The daily ranges of the major currencies have been very subdued as the markets await the U.S. – China trade talks outcome. There had been optimism that an agreement would be completed this week, but President Trumps’ Sunday tweets have changed the likelihood of...

The USD continues to strengthen and the GBPUSD continues to trend lower. Since the middle of March, this pair has been moving lower – making a series of lower highs.   Price tested its Asian session high today as U.K trading began and reversed lower. We...

A fairly straightforward short today with the GBPUSD. Its attempt to move and stay above the 1.3000 figure failed and it moved down making a lower high. A short was taken risking 11 pips for a potential 27 pips to our daily target at 1.2974.   Price moved down...

Trading has been very slow the past couple of weeks with tight ranges and light volumes. It’s been difficult to be rewarded for more than 10 or 15 pips trading the majors.   It seems like the market is waiting on it’s next big move…perhaps a favourable...