I will be out of the office on Thursday and Friday. You’ll catch me soaking up some sun and doing some BKTRADER work from the beach with a pina colada =)
We had 2 trades this week at BKT, an AUDCAD trade that banked us 211 pips and a EURUSD trade that was +52 [...]

Posted in Uncategorized 16 Comments »

After hitting a record low against the Euro on Tuesday, there has been little follow through selling in the US dollar, leaving many traders wondering whether this may be a pause before further losses or a potential bottom.
Although I am a long term dollar bear, the break of 1.60 is far from impressive. [...]

Posted in Bernanke, Crude Oil Prices, Fed Rate Cut Expectations, Inflation, US Dollar, euro, euro record high No Comments »

One of the strategies in my High Probability Trading eBook is called the Extension Fade. The strategy looks to fade a move after a currency pair has rallied or fallen for a certain number of consecutive days.
According to the eSignal chart below, EUR/JPY is now on its EIGHTH consecutive day of strength. [...]

Posted in euro, euro record high 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bank of England Minutes Reveal Vastly Diverse Voting Patterns
Euro Hits All Time High But ECB Noyer Falls Back on Comments
LIBOR Rates Hit US Borrowers
Eurozone Numbers [...]

Posted in Bank of Canada, Bank of England, British Pound, Canadian Dollar, Carry Trades, Crude Oil Prices, DailyFX, FX Radio, Forex News, Forex Podcast, Wall Street Journal, euro No Comments »