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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Tuesday 4 November

Weekly Review

The week starting Monday 27 October opened with a 'gap higher' thanks to positive US / CHINA talks. And for a few days (even without US data), everything seemed quite straightforward, the FED were about to cut interest rates, with more on the way, company earnings remain generally solid.

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Tuesday 28 October: Thoughts on the current narrative

The overall positivity has continued, the AUD is currently the standout strong currency, thanks to US / CHINA de-escalation hopes and possibly anticipation of a high CPI print (due during the upcoming ASIAN session). Barring a bout of JPY strength (possibly profit taking following positive rhetoric as Mr Trump visits Japan?

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Weekly Review

The week starting Monday 20 October was a good week for overall market positivity. Political stability in Japan, optimism for US / CHINA trade de-escalation and below expectations inflation data from the UK and US, all contributed to the positive mood as the S&P once again hit all time

Friday 24 October, post CPI thoughts.

US CPI to be reported, will it matter? * Plus today's trade closed at break even

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Weekly Review

I found myself feeling a little fed up during the week starting Monday 13 October, unable to form a strong confidence in the near term direction of the currencies. I felt lack a lack of US data is really starting to bite, central bank speakers didn't really tell

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Week ending on a sour note

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Weekly Review.

Although the US government shutdown continues, there was still a lot of information to take in during the week starting Monday 6 October. Starting with the JPY 'opening gap', weekend news that new LDP leader TAKACHI is likely to induce policies positive for growth and Japanese stocks but