The Forex market seems to be waiting with a bated breath today’s FOMC Statement and Chairwoman Janet Yellen’s press conference. Already a press conference by ECB President Mario Draghi and a speech by BoE Governor Mark Carney have muddied the water by taking or hinting opposite policy actions. ECb instituted a negative rate policy to spur growth,…
The week following the triple-witching Friday in June has been historically weak. There is not a single up week following the triple-witching in June since 1998. It tends to be down in flat period and dramatically so during bear markets. Our entry/exit algorithm has generated the short-signal for technology and small-caps. For technology, you can go either…
Economic Data Last night, Japan Trade Balance came at -0.86T, better than the forecast of -1.01T; USD/JPY is making a tight coil – symmetrical triangle – and could break anyway, though possibility of going higher is still good. Also last night, New Zealand Current Account came in line at 1.41B. The Kiwi is knocking on a…
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