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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*Today's trade: Important.

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Tuesday 7 October

There is not an awful lot to chew on so far this week as the US government shutdown continues. We did get the (weak) JPY opening gap following the weekend election news. And it certainly feels like the JPY is back is 'to short territory'. I initially felt

Weekly Review.

Despite a US government shutdown, the S&P hit fresh all time highs during the week starting Monday 29 September. It wasn't quite so straightforward for the currencies, which did appear to be functioning according to 'interest rate speculation', particularly the JPY, which was strong

Friday 3 October: post NFP thoughts....oh, hang on.

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Wednesday 1 October.

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Weekly Review

Contrary to many predictions (mine included), the USD maintained its strength throughout the week starting Monday 22 September. The USD has been on the front foot since the FOMC meeting. Even though rate cuts are coming, it won't be as fast paced as the market priced in a

Post PCE Thoughts

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Weekly Review.

The week starting Monday 15 September was a week of two halves for the USD. Sentiment for the dollar has been growing more and more subdued in anticipation of a faster pace of rate cuts. And USD selling continued during Monday and Tuesday, in anticipation of a 'dovish'

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USD post FOMC strength to 'peter out'?

It was a very interesting FOMC meeting. during the build up to the event, the market was particularly exuberant pricing in at least 3 cuts before year end. So, it was no surprise the market ended up a little disappointed with chair POWELL'S narrative. The USD initially weakened

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