5 trades have been closed since the last update. The total realized profit is $442. Last week, we ended at $491 in losses minus interests and fees. After the profit this week, that brings our total net loss to $49 minus interests and fees. The strategy can be found here. The…
The U.S. 10-Year Note Topped 3% and the U.S. Dollar Strengthened against the Major Counterparts
The EURUSD turned lower today because of the strong U.S. Consumer Sentiment, and the U.S. 10-year yields topped 3%. The EURUSD is trading lower today because the U.S. consumer sentiment was strong and the yields broke above 3%. The retail sales numbers did not meet the market expectations, but they…
Upbeat Draghi Sent the Euro Higher against the U.S. Dollar
The EURUSD shot higher today because of the weak U.S. inflation numbers and the ECB president, Draghi’s somewhat hawkish comments after the rate decision. The EURUSD is trading higher today because the ECB President, Mario Draghi, was upbeat in the press conference. The ECB still expected the next hike in…
The EURUSD Continued to Be in the Range Bound between 1.1530 and 1.1660
The EURUSD turned higher today, but was still confined in a trading range between 1.1570 and 1.1660. The EURUSD is trading higher today because the U.S. is willing to restart the trade talks with China in the near future. It is, however, still stuck in the range between 1.1530 and…
China Asked WTO to Slap Trade Sanctions Against the U.S. and the EURUSD Fell Immediately
The EURUSD turned higher and then, abruptly fell below 1.16 again. The EURUSD has been in the range bound between 1.1530 and 1.1660 since last week. The mood turned sour before the U.S. session when China asked for the WTO authorization to slap trade sanctions against the U.S. This came…