Near Term Correction in the US Dollar?

The US dollar hit fresh multi-month highs versus the euro, sterling, Australian and New Zealand dollars this past week, but the greenback actually ended the week lower against most...

A Full House For The Pound

Only one currency in focus in the London forex session and that was the British pound as politics continues to dominate. It was all heavy selling in the session...

May Resigns – What Does it All Mean for GBPUSD?

Market Drivers May 24, 2019 Aussie feels pressure from rate cut projections UK Retail Sales bit better Nikkei -0.16% Dax 0.72% Oil $58/bbl Gold $1282/oz. Gold $1275/oz. Europe and Asia: UK Retail Sales 0.0 vs. -0.3% eyed. North...

Forex Trades are Hitting Home Runs

Forex trades are setting up while others are trailing for big home run gains.  In the last post I showed some that were happening.  Here’s an update. Cancel the EURJPY...

The Difference Between Reaction and Response is Worth Hundreds of Pips

It’s been an intoxicating week at BK. We’ve been winning on every trade structure -- swing, news trading, day trading and even algo. A big part of the reason...

What Triggered the V-Shaped Recovery in EURO?

For the lack of major US economic reports, it was a very active day in the forex market. The greenback, which traded well against euro, Australian dollar and other...

EUR/USD Hourly View: Corrective Low in Place at 1.1110?

Looking for a rally in Wave (3) as we suspect the corrective low is in place at 1.1110.

Economic Data Calls for May 23, 2019

Here’s what we are looking for in tomorrow’s economic reports (May 23, 2019) — Good Luck Trading! 1. NZ Trade Balance (18:45 ET) Bearish NZD -- Potential downside risk given...

Cable at Fresh Lows as May’s Plan DOA

Market Drivers May 22, 2019 UK PPI cooler FOMC minutes on tap Nikkei 0.05% Dax 0.09% Oil $62/bbl Gold $1275/oz. Europe and Asia: UK CPI 1.8% vs 1.9% North America: CAD Retail Sales 8:30 USD FOMC Minutes 14:00 Cable hit...

Forex Swing Trade Follow Up

Forex Swing Trade Follow up post About eleven days ago, I posted some current forex swing trade examples that were either setting up or already in progress. I thought I would...

Economic Data Calls for 05.22.2019

Here’s what we are looking for in tomorrow’s economic reports (May 22, 2019) — Good Luck Trading! 1. NZ Retail Sales (18:45 ET) Bullish NZD -- Potential upside surprise given...