[GBP] Triangle pattern and Brexit 2019 0412

GBP/USD four-hour chart, source:FXDD.com

The main issue on British pound is Brexit. Brexit risk moves cable up and down and it doesn't come yet.

European Union agreed the deadline of Brexit to move to October 31. The fear of ''no deal Brexit'' is removed and English can think leaving more carefully.

But one of the currency pairs, GBP/USD has lowered its peaks since mid March making ''triangle pattern''. U.S. dollar shows long stance against euro and the weak moving of pound is due to global strong dollar. And the good records from United States economy leads strong greenback and weak cable.

And The US president Donald Trump and his staff are pressuring the Fed to lower interest rates. It may stimulate weak dollar.




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Gjallarhorn, Heimdallr, GBP, pound, 걀라호른, 헤임달, 파운드

[EUR] Fireworks 2019 0406

EUR/USD five-minute chart, source: FXDD.com

Some Forex traders call the release of Non-farm employment change in the United States, the Fireworks. This index is released at 12:30 pm(UTC) the first Friday of each month.

Why fireworks? The prices of each currency pair moves up-and-down dramatically.

When the events was released, the price of currency pair EUR/USD rose and fell some 30 pips(or 30 ticks) for fifteen minutes.

And more powerful Forex event awaits traders in next week. FOMC Meeting Minutes is released at 18:00(UTC) next Wednesday.

It's up to you whether you deal the FX Margin or currency futures while the Fireworks.




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Gjallarhorn, Heimdallr, EUR, euro, 걀라호른, 헤임달, 유로화

[EUR] Confession 2019 0310

I don't produce the forex report this time but I confess that I have made a big loss in the currency futures market.

I recognize I have made some ridiculous mistakes and haven't followed my investment rules, and it have injured my account and capital.

I'm a trader and analyst, not an astrologer. My view on the market may be correct or not. It's not problem. If I was incorrect, I jut cut a loss. Then I wait next chance or change my bias. That's all.

But I didn't this time.

I wish the market to move where I want. But it may be difficult.




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Gjallarhorn, Heimdallr, EUR, euro, 걀라호른, 헤임달, 유로화