Daytrader21's Blog

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Last month of the year

Since this is the last month of the year it will be your last chance to make up for the year but at the same time it can break you out as this month looks quite heavy in terms of macro data and big monetary policy decision across the FX landscape. The seasonality patterns during an environment which looks to be under the influence of mainly the monetary policy as the main driver of FX price can be altered.
Make no mistake about it but both ECB action this week to upgrade their QE program will ha…
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miriam1313 avatar

Good Luck Sir!

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Prepearing the Week Ahead

Definitely the week ahead is shaping out to be pivotal in determining whether or not the movements started last week are genuine and we're going to see some follow through or the market will complete reverse and go the other way. The Economic calendar looks quite heavy this week as we have Fed rate decision which as per market expectation should be a predictable event in the sense that Fed will hold monetary policy.
On the other side of the monetary policy spectrum we have BOJ which many are spe…
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Joe_Vulcan 25 Oct.

Nice.  This has me pumped up.

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FED Timing the Rate Hike

When it comes to monetary policy among developed economies, FED is the most hawkish central bank and today's FOMC meeting will reinforce that stance. However this hawkishness is already price in and the market is already expecting a rate hike but the timing of the rate hike is what the market focus is right now. A rate hike today is out of cards as the market probability for a NO rate hike is 98%. Even though few months back my assessment was for Jun rate hike following the 2004 template, many t…
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Be "Patience" over the FOMC

The top piece of event risk this week is right ahead of us, and that is FOMC rate decision and the post-announcement press conference from Fed chair Yellen.
Today's FOMC decision it will have
broad implication on different assets classes. It's quite important to remember ourselves that this is not just about the rate decision but there are also other elements attached to this which is the
updated forecasts for growth, inflation, employment.
It's quite weird that the FOMC announcement has come d…
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Nikkei 225 - USD/JPY Correlation

Last year around the summer time I've made this prediction about Nikkei 225, read more here: Nikkei 225 Will Revive Yen Bearish Trend?
Since than there have been many new developments in the market and the macro landscape has been reinforced itself as soon as BOJ has gone full tilt expanding their current QE programme, and BOJ has lunched QQE II on October last year. BOJ decided to increase its amount of monetary base from 60-70T yen to 80T yen, expanding their balance sheet even further.…
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Preparing the week ahead


All that matters during the coming week will be the Fed's monetary policy and press conference as the markets will shift their focus towards the timing of the next rate hike cycle. Next Fed objective is to give the market signals that they want to gradually move away from zero percent interest rates policy towards monetary-policy normalization.
In this regard, most likely, Fed is going to remove the the word “patient” from the statement, which was inserted last December to replace the phrase …
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An Investor's Low Volatility Strategy

I'm sure that most of you guys are exasperated about the current never-ending low volatility environment(see Figure 1) as current market conditions has become increasingly challenging. The Forex Exchange market has been in a very deep sleep for the most part of this year and swing trading opportunities have vanished away and that's one of the reasons why in current low volatility environment the Carry Trading Strategy are preferred more as it makes sense that investors who are chasing yield to …
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JuliaBF avatar
JuliaBF 16 Sep.

well done!

Olga18375 avatar
Olga18375 16 Sep.

interesting information!

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ECB versus NFP

You don't get to often to have the ECB monetary policy announcement and the NFP report scheduled on the same day, but due to the fact that Friday is 4th of July, thus a holiday, the NFP figures are going to be released today.
Market expectation for both of this 2 risk events are very grounded as investors are not expecting for big surprises coming out today. Typically volatility drops off heading into 4th of July.
ECB has already announced in the previous meeting some monetary easing measur…
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Join Today's Webinar with Daytrader21

Hi Guys,
If you want to hear my own FX market outlook on the major currency pairs and wanna hear my own view join me at 9:00 GMT time (10:00 London Time) at today's webinar. Main topic of today's webinar would be: Major Currency Pairs - Technical and Fundamental Outlook. The reason why I'm doing this webinar is because I came in the 3rd place, May Article Contest with the article: …
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EUR/USD - Fed Tappering Effect

Since I'm already out of the Trader Contest without having any changes to get back in top 10 I just want to take the time and talk a little bit about the main event risk of the week: Fed Monetary Policy Statement
Last time I have talk about this issues was 2 months ago and you can find my blog post here: Fed Taper Effect
Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the u…
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