Life, like Forex, comes down to choices and decisions… or wait, should I say, Forex, like life, comes down to choices and decisions. Either way, you get the point. A while back, thanks to the ‘modern miracle’ called Facebook, I got reacquainted with my childhood best friend, whom I hadn’t seen in nearly twenty years. […]
The market mood has improved amid speculation that the Fed refrains from early tapering amid the rapid spread of the Delta covid variant. The safe-haven dollar is reversing some of its gains. Preliminary PMIs are high on the agenda, and Bitcoin is on the rise. After a week dominated by concerns that the Federal Reserve […]
Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension. Few days ago my brother overheard me talking about the market and when I mentioned Fibonacci levels, in awe and surprise he almost yelled at me – What does Fibonacci has to do […]
The American dollar retained its dominance across the FX board, ending the day up against most of its major rivals. The greenback suffered a temporal setback mid-US afternoon, following the release of the FOMC Meeting Minutes. The document showed that some participants suggested that it would be prudent for the committee to prepare for starting to reduce its […]
I plan things down to the smallest detail. Even before smartphones and Google calendars, I had my day planned down to the second, back in the day my Franklin Planner was so full of notations you needed a Ph.D. just to figure out where my next appointment was. I just like to plan ahead; it’s […]
‘Oh man, one of THOSE guys…’ You know the type, Mr. I Know Everything About Anything and My Goal in Life is to Make sure you Know that I know… Everyone knows one these ‘charmers,’ and unfortunately, I ran into one of them the other day on an unannounced visit to my brother’s house. As […]
On Tuesday, the US reported disappointing Retail Sales figures for July, adding to the gloomy mood and keeping the safe-haven dollar bid. Headlines sales dropped by 1.1% in July. The Reserve Bank of New Zealand surprised markets by leaving its interest rates unchanged at 0.25% instead of raising them. While the RBNZ is set to hike borrowing costs later […]
So, like most days, I find myself here, staring at price grids waiting anxiously for a trigger to get into the market, and from some distant place, I faintly hear someone saying… no, yelling… ‘It’s GREEN moron.’ I suddenly come to the realization that I am not sitting at my desk, looking at a sea […]
