The John Elfed Forex Blog

Weekly Review

It was a bit of a slow burn but the market appeared to sober up during the week starting Monday 11 May. The week started serenly enough, an initial opening gap lower was once again filled and it seemed we would be in for another week of the market focusing

Friday 15 May: Am I an under trader?

GBP resilience cracks

Thursday 14 May: S&P carries on regardless.

Tuesday 12 May: Hot CPI

Trade closed manually.

Trade photo and explanation

Weekly Review

Another week, another record high for the S&P 500 as the market continued to ignore geoploitical risks during the week starting Monday 4 May. Tech stocks were the main beneficiary as any 'pre war A.I concerns' seem to have been dispelled by recent earnings. The

Waiting for NFP?

Trade closed manually

Trade photo and explanation.

AUD shows its hand

The initial reaction the the RBA rate hike was one of slight disappointment, it was deemed 'not hawkish enough'. But that sentiment didn't last long and during Wednesday's Asian session the AUD has had a bout of strength as multiple calls for further rate

Weekly Review

The S&P hit another record high during the week starting Monday 27 April as the market continues to look through higher oil prices. And unlike the previous week, the currencies by and lare adhered to 'risk on correlation'. Although there was a couple of volatile moments

Thursday 30 April

Trade closed manually

Trade photo and explanation

Trade closed manually, thoughts for tomorrow.

Trade photo and explanation

Trade closed manually

Trade photo and explanation:

Monday 27 April

Weekly Review

We've had a lot of frustrating weeks over the years, I found the week starting Monday 20 April to be one of those weeks. Maybe it's me but the barrage of mixed war headlines and social media posts made it difficult for me to form any

Thursday 23 April

Wednesday 22 April.

Stuck in limbo.