“Using a mechanical system is the best way to consistently make money trading. If you know that your system makes money over the long run, it is easier to take the signals and follow the system during periods of losses”. – Richard Dennis Automation really seems...
Comments: Signals continue to indicate weakness in the USD, but a combination of stretched readings and event risk today suggest caution. As such we suggest remaining square today. Below is our FX Majors’ Sentiment Analysis for your consideration. EURUSD Net movement in EURUSD was minor Tuesday...
Overnight Developments: Fed’s Jerome is a “Yellen in Disguise” – USD slips to new lows, UsdJPy below 110 Trans-Pacific trade pact, without U.S., to be signed in March -Japan. U.S. Senate confirms Jerome Powell as Federal Reserve chair. Job creator, or job killer? Trump angers solar...
Currently in Beta Mode, FX Renew End of Day signals are trades based off our Weekly Trading Opportunities Report. Entry orders are set and trades are managed once a day in the hour after the US market closes, though there may be the odd time the...
What’s Due? UK Claimant Count and Wages NZD CPI What’s Expected? Regarding UK Employment, the market is expecting 5.4K vs 5.9K previous, with wages steady at 2.5%. Regarding NZD CPI, the market is expecting a slight decline from 0.5% to 0.4% QoQ A look at the...
FX Renew Trading Tribe Members, Last week we executed two London Open Signals, which were both closed for profit. We also had a loss on a Newsflow Signal. Keep updated with the Signals Matrix for the End of Day signals. Blog post this week Formal Education...
Further to this trade. Currency Pair: EURGBP Action: Cancel Order Comments: Weakness is entering GBP and today’s action is no longer favourable for our sell stop order....
Currency Pair: EURGBP Action: Sell a 50% sized position on a break of 0.8761 Stop-loss Price: 0.8787 Profit Targets: 0.8748, 0.8731, 0.8712 Time Frame: Short-term Comments: Confirming our bearish weekly call, Friday’s upside rejection translated into significant selling pressure yesterday. Our first weekly objective was met as...
Overnight Developments: BOJ left rates unchanged but more importantly, previously said inflation expectations were weakening. Now raises view on current CPI and inflation expectations have been more or less unchanged. This caused the UsdJpy move from 110.92 to 110.55. US slapped steep tariffs on imported washing...
Further to this trade Currency: EURGBP Action: Trail Stop to Entry (0.8809) Comment: Yesterday’s action progressed strongly in our favour, breaking through a key psychological level. Momentum remains in favour of further losses and as such we find it adequate to trail stop to par (0.8809)....
