FX Trading

In today’s FX Hour, we discussed we projected 2023 levels using the Monkeybars. In the final FX Hour on the thinkorswim platform, we discussed intraday levels, monthly levels and yearly levels for 2023 using the Monkeybars. We projected the major indexes, gold, silver, and the U.S. dollar looking through the new year for opportunities. We […]

In today’s FX Hour, we discussed change in the Bank of Japan’s monetary policy which allows for a rise in interest rates for the first time in 23 years. We discussed the impact of the yen on multiple currency pairs and discussed how all of the “major” currencies and their respective central banks have now […]

In today’s FX Hour, we discussed the slowdown in Consumer Price Index and Pricing in the Fed Rate Expectations We discussed the large bullish spikeA set of single printsAny section of the market profile distribution that is only one TPO wide. Single prints are a sign of emotional buying or selling as very little time was spent at those levels and thus there is no value there. The endpoints of single print sections are considered to be potential support or resistance points. that are created in the last 30 minute session of the day which form at the top or bottom of a range. in equity prices followed […]

In today’s FX Hour, we discussed the U.S. equity markets sitting at a balance point where we are expecting a 5% move up or down in the next 3 weeks. We reviewed the major equity indexes and how they are at a point of inflection as well. We looked at the U.S. dollar and the […]

In today’s FX Hour, we started projecting December price levels for key instruments We discussed the major indexes and currency pairs and began using the MonkeyBars to estimate the values going into December. We also discussed retail sales and Black Friday results, highlighting that they are not inflation adjusted. We discussed the expectations of a […]

In today’s FX Hour, we further discussed Best Buy’s (BBY) better-than-expected earnings and the low volume in trading. We looked at the Best Buy beating analyst expectations but falling lower than last quarter and just over half of last year’s earnings for the same quarter. It appears as though investors are desperate to justify bullishness […]

In today’s FX Hour, we further discussed Producer Price Index slowing down We looked at the impact of slower inflation and what we can read into the Walmart (WMT) earnings report. We discussed consumer savings and consumer debt. We also discussed substitution versus lower prices in inflation data. We looked at commodity prices and the […]