The John Elfed Forex Blog

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FOMC minutes.

FOMC minutes in focus.

Today's main risk event is the release of the FOMC minutes. With the market well and truly behind the current 'soft landing risk on' trade. It will be interesting to see if there is anything overly hawkish underlying in the minutes to derail the current positive

Trade.

Monday 20 November.

Mixed markets to start the new week. The US 10year is finding support (which I would expect at some point as interest rates are still fairly high) For the time being I'll be closely watching the US 2year yield as I feel that it's very relevant

Weekly review.

The bond market.

Pullback without a cause.

Another day, another drop in inflation.

USD or JPY?

Psychology: winning trades.

With this morning's 'anticipation' trade hitting profit very quickly after the CPI data release. I think it's an apt time to talk about reacting to winning trades with a lack of emotion. It's very important not to get carried away, which can

To anticipate or not?

All eyes on CPI.

Weekly review.

The week starting Monday 6 November started how the week before ended, with a fairly buoyed market thanks to the recent FOMC meeting and NFP giving rise to a likely 'soft landing' for the economy. This created short JPY or USD trades as a viable option, in accordance

Friday 10 November. US session.

Today's Consumer sentiment data ( especially the higher inflation expectations) combined with a hawkish Powell and a soft bond auction yesterday has caused a mildy 'risk off' tone. The British pound has been hit thanks to sluggish GDP and the Aussie and Kiwi are feeling the effects

Powell: take two

Trade

JPY in the news.

During the Asian and European sessions, there has been lots of talk about the need for Japan to normalise policy. This talk hasn't come from the BOJ itself, but an ex BOJ official and a high ranking official from a separate office. When you listen to governor Ueda,

Powell's speech

Yesterdays trade still running.

Upcoming FED speakers

On today's agenda we have a sleu of speakers from the federal reserve. Following the 'risk on' sentiment since last week's FOMC, it will be interesting to see if there will be a more hawkish retoric in attempt the quell market bouyency. In other

As you were.

The week ahead.

Weekly review.

Should you trade when you're poorly?

On Wednesday afternoon this week I started to feel unwell and I made the decision not to trade. Although I had a brief glance at news articles during the FOMC decision, I felt the wisest decision I could make was to recouperate and take a day off. When I was

Soft NFP enforces risk on sentiment