Open trading account 
I started this month with losses. One hit I took was GBP/USD which I expected to rebound but it just kept going further down and it hit my SL price. But my biggest looser so far is EUR/GBP. This is the second time when I think that the pound will be more resilient and euro would more sensitive to dollar strength. Part of the reasoning behind that is that Brexit is "an old news" in a way, and the election drama in France should support faster euro depreciation. And just like the first time a few …
JonSnow's Blog
No Love for Dollar
US dollar gave back a lot of its gains and it seems that another dollar sell-off continues today in early Asian session. My account balance took at big hit as I bought dollar against other currencies hoping for another rally. I also lost some pips on buying euro against the pound but it moved against me. I'm still in the top 10 contestants, but for how long since I have 4 dollar long position opened - deep in red!
Well, losses are an integral part of trading and these are still pending, so ther…
Well, losses are an integral part of trading and these are still pending, so ther…
Next Week Trade Ideas
Listed below ideas assume that US dollar will rise modestly before Yellen's Congressional testimony on Tuesday & Wednesday. Ideally, I would like to buy the dollar lower when other currencies rise a little on Monday and have these trades a bit ahead in the green when before Yellen speaks. If she sound dovish all the trades should just brake even, but I'm hoping to hear some clues that markets will take as a signal for March rate hike. If so, buying US dollar should be quite profitable next week.…
Dollar Mixed on Friday
The last trading session of this week brought mixed US dollar performance which appreciated further against European currencies(euro and the pound) but lost a some of its gains against yen. Overall the dollar is up for the week and I suspect we'll see a modest continuation of dollar strength at the beginning of next week. The biggest event next week will be Yellen's testimony in Congress which might give the dollar another(large) leg up, if she sounds optimistic and her comments give more chance…