The John Elfed Forex Blog

Trade photo and explanation

Weekly Review

The week starting Monday 26 January was another example of the particularly difficult environment, especially for traders making decisions based on underlying fundamentals. Currently, central banks are all reporting 'being in a good place', the interest rate speculation trade has taken a back seat and the market is

Trade photo and explanation

Thursday 29 January.

When I was growing up the pinnacle of technology was how many gears you had on your peddle bike. When Nintendo release the Gameboy, I didn't think I could ever get better than that. Fast forward forty years and every thought a human has can be transmitted across

Trade photo and explanation

live trade

Weekly Review

USD selling was practically relentless throughout the week starting Monday 19 January. A return of the post liberation day 'sell America' trading environment hit stocks bonds and the dollar. The initial catalyst was the president's threat of more traffis on European countries, an attempt to gain

Trade photo and explanation:

Trade photo and explanation

Trade photo and explanation

Trade closed manually

Trade photo and explanation

Live trade

Weekly Review

During the week starting Monday 12 January, US data continued to suggest the FED will be in no rush to cut rates further. But other factors throughout the week caused an overall lack of conviction in all of the currency's. The week began with the FED'S

Friday 16 January

Trade photo and explanation

Live trade

Wednesday 14 January: BOJ verbal intervention.

It was inevitable some point but the BOJ has hit back with fairly strong intervention warnings. Giving the JPY a bout of strength as traders take profit from recent short JPY positions, rendering today's reasonably positive US data as moot. Simultaneously, the S&P came under pressure,

Trade photo and explanation

Live trade

Trade closed manually

Trade photo and explanation.

Weekly Review

Despite geopolitical angst, the S&P touched fresh all time highs during the week starting Monday 4 January. The US action in Venezuela and growing focus on Greenland bubbled under the surface but didn't cause panic. As for the for the currencies, the USD ended the week

Post NFP thoughts.

Supreme court: The elephant in the room.