John Elfed

I've been trading Forex for 6 years consistently profitable. I've been through all the emotions associated with trading and my quest is to share my knowledge in the hope it can help others.

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Wednesday 10 September: PCE in focus

Monday 8 September: NFP fallout.

It is very pleasing to see Friday's NFP data hasn't as yet created a 'risk off narrative', I would suggest the USD and CAD remain 'good short options'. But also political instability in Japan places the JPY on the 'to short

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Weekly Review.

BOND YIELDS went on a wild journey during the week starting Monday 1 September. The week kicked into gear during Tuesday's European session, a UK cabinet reshuffle caused GILTS to rise rapidly as the market grows increasingly concerned about the government's ability to guide the economy.

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NFP in focus.

With Monday's 'bond rout' a distant memory, focus has turned to jobs data. And this week's numbers has seen a return of the 'goldilocks narrative' (soft but not too soft). A September FED rate cut is almost certain and the attention turns

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Waiting for a 'risk on' trade.

Tuesday 2 September: Yields front and center

Weekly Review.

The week starting Monday 25 August ended where it began, with roughly an 85% likelihood of a September FED rate cut. There was a lot of external noise in-between. But all the while, the currencies 'movement' remained fairly muted. Given the reaction to chair Powell's speech

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Summer lull + month end = disgruntled

Goodness me, in ten years of trading Forex, I don't think I've ever been as disgruntled. Really, I shouldn't use words such as 'disgruntled', 'hope' or 'expectation' They are all words that induce emotion. But, we are only

Thursday 28 August.

Tuesday 26 August

It's been a fairly subdued start to the week, I was a little disappointed USD selling didn't continue on Monday. I couldn't see a particular reason for USD strength. Maybe profit taking following Friday's move? Maybe just 'summer lull trading'

Weekly Review

The week starting Monday 18 August began with muted sentiment as the market had CHAIR POWELL'S JACKSON HOLE speech on its mind. Uncertainty over what MR POWEll would say caused an overall lack of conviction in the market. Uncertainty surrounding ongoing UKRAINE peace talks added to the pensive