Recent content by BostonFXtrader

With the USD still looking pretty strong, I began to look at past moves of this magnitude to see where this move could end, and where we can gain from the pullback. I found a few similar moves in the past couple of years and I calculated to see where this may end and potentially rebound. The...

WOW, I am pretty floored by this US Dollar rally. It is about time that the world finally is realizing that all the major economies are not doing any better than the US. We feel that this US rally is way overdue and we have been talking about it in our Traders Playbook for some time now...

Part 2 8/5/08 This is going to be a tough trade to sell people on because Aussie has been dropping like a stone, but there may be some upside. The FOMC just came out in line at 2.00% and people may like to regain the high interest rate. AUD / USD is currently trading at 0.9145 and We...

Sometimes, Traders can make really good calls and others times they are just lucky. The Sterling Dollar trade was a little of both. We recommended to SHORT GBP / USD at 2.0020 on the 23rd of July. Our inital TAKE PROFIT was at 1.9700, which was moved down to 1.9600 on last Friday, 31st of July...

The current Forex market has been somewhat choppy as of late. The US Dollar has been trying to find support and gain some ground against the other major pairs. Below is a review of the past week along with an update and a FOREX TV interview from BBFX: CLOSED TRADES: We recommended a EUR / JPY...

I am not one to speak Biblically, but the book of “Genesis”, chapter 41, could be correlated to the US Dollar. Joseph predicted 7 years of feast and 7 years of famine . Around the turn of this century the US Dollar was global currency king, and 7 seven years later the USD is breaking records...

Lately the Foreign Exchange market has made a roller coaster ride seem boring. Currency pairs stay in 5 hour quiet lulls, and then either blast off, or drops off a cliff. Economic news, commodity prices, or Central Banker jawboning may cause prices to move at a 90 degree angle and change the...

The drop off in oil prices has sparked EUR/NOK to rise close to 10 big figures to 8.0450. We believe this oil drop off is only a short term pull back. Norway has a strong economy and will remain strong through this global slowdown. The Eurozone seems ready for a major pullback. We are...

The week of July 4th has already brought early some fireworks to the foreign exchange market. The finale on July 3rd should be amazing. So far this week, the major currency pairs have been in a big figure range and a break out will be inevitable. Last Wednesday, the Federal Reserve took a step...

Sorry friend, I believe for the time being the EUR/USD will be in a range of 1.5200 -1.5800, but after that, YES, I will be short EUR/USD. If EUR/USD drops from the current level of 1.5500 to 1.4000, I would be short the EUR/ USD Example of selling 100K of EUR/USD at 1.5500: When you short a...

This is my long term outlook on the EUR/USD currency pair. I believe the the ECB will hike interest rates from 4.00% to 4.25-4.50% in the coming months, but US is currently at 2.00% and by mid 2009 the interest rates should be around where the ECB is holding theirs. So, eventually, the USD...

GLOBAL FX STRATEGY THOUGHTS The dictionary definition of a recession is a decline in a country’s real GDP (Gross Domestic Product) for two or more successive quarters of a year. The NBER (National Bureau of Economic Research) ultimately decides whether the economy has fallen into a recession...

Superstitiuos... NO WAY.. It's should be interesting tomorrow morning, the U.S. is releasing their latest Consumer Price Index at 8:30 AM EST. I believe that CPI could beat the estimates of 0.5% and Core CPI should be in line or come in slightly higher of 0.2%. After this week's recent run up...

Unfortunately, we are at the mercy of the platform provider. If they want to close for early or for a Holiday, or whatever, they can, but the real Forex market opens at 2 pm EST on Sunday (for Austrailia) and closes 5 pm Friday. So, the market is open for a few hours that Retail Platform is...

The pair is Very volitile. Watch the longer term charts, low leverage trades, the carry trade may have some legs left. But I believe GBP/USD days are numbered. It will be trading around 1.8800 - 1.9000 sooner or later, I believe by beggining of 2009. But USD/JPY should be around 112 - 115...