Monthly Archives: June 2018

Markets consolidate with a slight US dollar bias ahead of FOMC

Considering the hype surrounding Donald Trump¬ís meeting with Kim Jong Un of North Korea, financial markets gave a pretty muted response. There are bigger fish to fry, and that leads us to the FOMC meeting today as a degree of consolidation has been forming. If there is any direction, it is coming…

Looking for More Short NZD/CAD Opportunities, One May Come Soon

In April, I built the foundations for a short NZD/CAD trade setup, executed it and booked full profits when prices hit my target. Since then, the pair changed course in mid-May and appears to be heading back to the November 2016 descending resistance line on the weekly chart below. This was…

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