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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And just like that: 90 day pause.

I was just in the middle of writing about how I didn't enjoy yesterday's 'underlying risk off trade'. It felt very strange taking a risk off trade when the S&P was going up. It was very bold but I felt it was

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USD joins the risk off party.

Weekly review

There was only one thing on the markets mind during the week starting Monday 31 March. The week began on tenterhooks as the previous Friday's negativity spilled into the new week. Although a semblance of calm did briefly return, for a short time on Wednesday it appeared the

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Crash, bang, wallop

April 2 is almost here, what's next?

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Weekly Review

Considering that, in my mind, it feels like Christmas was two weeks ago, it came as a surprise to realise the week starting Monday 24 March was the end of the first quarter. The week began with a semblance of positivity, the VIX made its way below 20 and the

CORE PCE on the agenda.

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Wednesday 26 March.

Tuesday 25 March.

The currencies have reacted a little more negatively to today's 'slightly soft' consumer confidence data than the overall market has done, the VIX (currently) remains below 18. Historically, consumer confidence data hasn't been particularly market moving, but in these times of 'tariff uncertainty&

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Weekly review

The week starting Monday 17 March began with positive rhetoric and data from China. I became hopeful the recent negativity had peaked and 'risk on' trades would become viable. But as the week progressed it became apparent the market wasn't ready to dismiss 'tariff uncertainty&

A busy 24 hours for the market.