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.

The week ahead.

Following Friday's soft manufacturing PMI, the USD weakened and the yield of a US 10year bond fell below 4.2. any further drop in yields could signal a continuation of USD weakness. Tuesdays service PMI (forecast slightly lower than last month) will be closely watched. But chair Powells

Weekly review.

Week starting Monday 26 February: The USD started the week relatively strong, as it looked like the higher for longer narrative was happy to co-exist with higher stocks. The NZD struggled in particular following the RBNZ, a hawkish tone was expected, but NZD bulls were disappointed with what was deemed

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A Lackluster market.

It's been a slow week in the Forex market. With the only noticeable movers the NZD following the RBNZ 'dovish hold'. And JPY's up and down merry go round following a continuation of the 'will they, won't they?' saga. For

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Wednesday 28 February. Market close.

RBNZ disappoints and sends NZD lower.

One last hurrah for USD strength?

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Weekly review.

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What is a 'nice swing' ?

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Nvidia earnings boosts risk sentiment.

Yesterday's FOMC minutes offered no surprises to the market and were met with a muted reaction. So it was left to Nvidia's earnings to create the market sentiment. And goodness me, it didn't disappoint, with much better than forecast earnings giving risk sentiment a

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FOMC minutes on the agenda.

Sometimes the FOMC minutes move the market, sometimes they don't. In today's market of extreme interest rate sensitivity, there is a good chance the minutes could create volitility. And it would be worth considering closing any ongoing trades a little before the release. In other news,

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See every decision I make in the Forex market, including live trades. Absolutely free for one month, with a bonus PDF copy of the Forex Formula. Cancel anytime, no obligation to continue. Click the link to redeem... The John Elfed Forex BlogLearn currency fundamentals from a profitable Forex trader.with

Soft CAD CPI

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Putting a name to a trade: part 4.

*Special offer: one month free trial*

See every decision I make in the Forex market, including live trades. Absolutely free for one month, with a bonus PDF copy of the Forex Formula. Cancel anytime, no obligation to continue. Click the link to redeem... The John Elfed Forex BlogLearn currency fundamentals from a profitable Forex trader.with

Weekly review.

Putting a name to a trade. Part 3.

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