jvrfxalerts

jvrfxalerts

Short EUR/USD at 1.0874 with stop above weekly high of 1.0887. Triangle is narrowing. Keep an eye on the bigger picture. All the Asian markets are open again.

jvrfxalerts

Bought the bounce off 1.0850 this morning and exited at 1.08888 the 1/18/23 spike high. Went short again at this level with very tight stop above the 1.0901 daily high printed so far today. I do not expect a major movement in price based on the PCE print tomorrow. At best maybe a retest of the breakout close of the daily candle 1/16/23 at 1.0822 Saving some dry...

jvrfxalerts

Price is reversing from previous 4 hour highs. PPI huge miss despite sticky inflation. Stop above daily high. AUD/JPY also reversing

jvrfxalerts

USD data leading up to the Federal Reserve interest rate decision on 2/1/23 will determine traders bets on a 25 or 50 basis point hike. I believe 75 points are not on the table. In addition, GBP data has not been great plus high inflation persisting. Two members of the BOE also opposed another rate hike at the last meeting. I have taken a small short which is...

jvrfxalerts Updated 

EUR/USD has finally closed on a daily basis above 1.0870. I covered my short at 1.0840 this morning after USD PMI print was just slightly better than expected but still in contraction territory. The Euro zone PMI print last night, however, had moved it over the expansion level although German manufacturing(surprisingly so for the economic engine of Europe) was...

jvrfxalerts

Seems like a no brainer to buy AUD/JPY after yesterday's AUD CPI print but I was burnt twice this month with the unexpected BOJ rate policy announcements. I did go long yesterday at 92.10 after price had pull backed from the initial spike and exited at 92.70. Long again today at 91.85 with stop below 91.40. Profit target TBD

jvrfxalerts Updated 

EUR is extending price after comments from ECB's Knot over the weekend. The price is starting to run into significant resistance and only a daily close above the 50% retracement from 1.2349 to the low of 0.9536 will invalidate the short. Knot is a known hawk but conversely, Brainard from the Federal Reserve who is considered to be more of a dove was not quite so...

jvrfxalerts

I am now publishing what was just a comment in the MINDS section before. This is more for my own purposes than anything else. I need to keep better track of my trades and this will be helpful moving forward.