Forex Tips and Tricks –  Keeping It
Simple To Be Successful

The markets have a lot to digest at the moment. The U.S. – China trade talks appear to be progressing positively and Britain is still hoping for a “soft Brexit” as the March 29th deadline gets closer and closer.   Unfortunately for British P.M. May, she is not...

The NFP number was the worst since September 2017. The reaction was to sell the USD. The yen was not an immediate beneficiary but gold moved upward in sight of $1300 again. It’s not surprising after the USD had a solid move up this week – testing its December highs...

ECB President Draghi was going to speaking today and the market was already bearish about the E.U. economic numbers. Germany barely missed going into recession and Italy is in much worse shape. Chances of hearing of an interest rate hike this year is not expected....

With a stronger USD and the GBPUSD rolling over as the U.S. session got underway, a short was taken risking 16 pips for a potential 66 pips to our daily target at 1.3142. The pair had gapped higher as the markets reopened this week, oscillated sideways throughout...

The USD is benefitting from optimism regarding progress with the U.S. – China trade talks. There is no agreement yet, but with the tariff deadline lifted this week by President Trump, the USD has been strengthening for three days now…and gold has been collapsing....

Most Wednesdays, the U.S. Crude Oil Inventories are released. If there is a surprise shortfall…like today…we are likely to see the price of WTI go up and the Canadian dollar benefit. If there is a surprise surplus, then we likely to see WTI move down and the...

Trading has been a little slow since Wednesday last week for me and the market is giving some mixed signals. I find it better to be patient and disciplined than to force trades and regret the outcome.   The 1.3150 – 1.3250 area is an important range for the...

On Wednesday before the FOMC Meeting minutes, a trade was found in the USDCAD as it made a series of 3 lower highs – moving down to its Asian session low. Entering short we risked 14 pips for a potential 38 pips to our daily target at 1.3145 with 2 hours left...

Overall the USD weakness was evident today but the reason for the selling was not obvious to me. Gold was very strong and equity markets were able to move higher with the exception of London. The GBPUSD moved sharply higher and did almost twice its range.  ...