Forex Recap: EUR/JPY Poised for Major Price Correction

EUR/JPY is looking good! Currently, we’re looking for negative space to fill in the market on this Euro cross.  I don’t see any major announcements we need to be worried about this week that could shake this pair up. However, I have seen negative trade balance numbers, (in the case the Euro Central Bank), or […]...

Forex Recap: London Session March 16th, 2017

GBP The British pound traded mostly sideways during the London session on Thursday. Queen Elizabeth granted her Royal Assent to the Brexit Bill, giving Theresa May legal authority needed to continue with Brexit preparation. May is now officially authorized to trigger Article 50 of the TEU, starting the formal process for an actual Brexit. The […]...

Top 3 Takeaways from the March FOMC

The Federal Reserve announced a much-expected interest rate hike last Wednesday, the third increase since December 2015, and added 25 basis points to the Fed’s key rate. The new target range is now from 0.75 percent to 1 percent, with two more rate hikes almost certainly coming by the end of 2016. These developments are […]...

Brexit News: Possible Scottish Referendum

The Prime Minister of UK, Theresa May, announced that article 50 will be triggered on Wednesday, 29 of March. Amid the confirmation by the prime minister’s spokesman, the British pound edged down to 1.2387 against the U.S. dollar, after hitting a three-week high in earlier trading. The formal mechanism for starting British negotiations to leave […]...

Trade Update: EUR/CAD reacts to Euro-Zone

Hello traders! Some really exciting market movements and opportunities to talk about today. The EUR/CAD responded (in a secondary reaction) to European news about financial planning (monetary policy) and the north side of our EUR/CAD 2-hour trade broke north. As I spoke about in the previous discussion, if the market crossed the range created between the […]...

Trade Update: NZD/USD un-hit; targets pointing the way to profits

Welcome back traders! The next opportunity I wanted to look at is the NZD/USD. The market has again formed a low and high on the 2-hour chart that seems to be long lasting till this point. I believe we have enough time left in the month left that the un-hit monthly target is really pulling […]...

Trade Update: NZD/USD 2nd Look at additional potential profits

Hey traders! Last time I posted, I was talking about the NZD/USD on the 2-hour chart. We had a nice “negative space trade” shape up, but we needed a reason to get in and we were looking for a better buy-low price BEFORE we entered.  The market did end up triggering our pending order and […]...

Trade Update: AUD/USD monthly target tells tale of overbought market

Hello traders, Brian Thomas back again with your Forex Update! Recently, I’ve been looking at opportunities with the help of the skills I’ve learned through the Target Trading course.  The price target set for the month of March for AUD/USD is still to be reached and we have a nice sell-high price that has been […]...