May 18th, 2018

Economics

European stock markets are trading in price declines against the backdrop of China US trade talks and Donald Trump's statements yesterday that he doubts their success.

London is down 0.2%. Frankfurt is down 0.1%. Paris is down 0.2% and the STOX 600 index is down 0.3%.

Tokyo rose by 0.4%. Shanghai added 1.2%. Hong Kong rose 0.6%.

Open positions

None

Pending positions

None

Canceled positions

EUR/USD Pending Order Canceled since the correction did not come to trigger the position, I will trade the New York session later today!

Closed positions

USD/CHF had a positive momentum and strong support levels and was expected to easily continue higher. Unfortunately, that did not happen, and it managed to drop and lose 23 pips.

VIP Long Term Trade on USD/JPY closed for 60 pips profit today.

In my sight

Many CAD announcements today so stay tuned, I will be trading it.

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May 17th, 2018

The number of US jobless claims rose last week to 222,000, a record high of a month, compared to 211,000 last week, the US Labor Department said today.

The economists' forecast was for a lower weekly figure of 215,000 claims.

However, the four week average of unemployment claims, which is considered at least volatile, fell by 2,750 to 213,250, its lowest level since 1969!

The number of continuing claims fell by 87,000 to 1.71 million, its lowest level since 1973.

Open positions

USD/CHF

VIP Long Term Trade (profiting around 50 pips at the moment)

Pending positions

NONE 

Canceled positions

EUR/USD Pending Order Canceled. The pair indeed dropped but did not trigger the position unfortunately.

Closed positions

EUR/USD Selling NOW position was placed yesterday and was very close to the Stop Loss price but managed to stay alive and dropped all the way down to my Take Profit price of 50 pips at 1.1780. 

GBP/USD Pending SELL position triggered and lost 29 pips. 

In my sight

Not much movement today but tomorrow will be busier. 

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May 16th, 2018

Economics

Most of the Asian stock exchanges recorded declines yesterday, following Wall Street declines and a new threat from North Korea and disappointing Japanese growth figures. Tokyo fell by 0.4%; Hong Kong is down 0.6%; Shanghai is down 0.7%; Seoul rose 0.1%; The Australian Stock Exchange rose 0.2%.

Wall Street fell the most in three weeks and cut eight day gains on US China trade, tensions in the Middle East and assessments that the US interest rate will rise three times this year as a result of encouraging macro data.

Oil closed slightly higher on the back of tension in the Middle East and a reduction in OPEC's oil production outlook, with sweet crude for June delivery up 0.5% to $71.31 a barrel.

European stock markets closed slightly higher, but the stock market in Frankfurt fell following weak macro data in Germany. London rose 0.2%; Frankfurt fell by 0.1%; Paris rose by 0.2% and the European Stox 600 index rose by 0.1%. The Milan stock exchange rose 0.3% on expectations of a coalition led by populists.

Open positions

EUR/USD

VIP Long Term Trade

Pending positions

None

Closed positions

Yesterday was not a good day, a total loss of 67 pips, however this week I am currently down just 37 pips because the first trade this week won 30 pips and plenty of trades are to come!

GBP/USD did not perform the expected technical correction up on its massive support area and eventually fell and I lost 38 pips. Due to a massive support I decided to risk an extra 9 pips on that trade but that did not work out hence the bigger then usual stop loss.

USD/CAD was correlated with the all other USD pairs and after a short correction down I expected the pair to continue higher based on the strengthening of the USD. Somehow without any real reason the pair made a very unusual move and managed to break several support lines to hit SL on my second trade of the day losing 29 pips.

We have plenty of events this week, and plenty of opportunities. Any business is counted over a weekly, monthly, and yearly performance and so is Forex trading. I don’t mind having a bad day if the overall monthly results are good.

In my sight

Tons of USD events, overall an expectation of a stronger USD, hold tight, today is going to be jumpy. 

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May 16th, 2018

Economics

Most of the Asian stock exchanges recorded declines yesterday, following Wall Street declines and a new threat from North Korea and disappointing Japanese growth figures. Tokyo fell by 0.4%; Hong Kong is down 0.6%; Shanghai is down 0.7%; Seoul rose 0.1%; The Australian Stock Exchange rose 0.2%.

Wall Street fell the most in three weeks and cut eight day gains on US China trade, tensions in the Middle East and assessments that the US interest rate will rise three times this year as a result of encouraging macro data.

Oil closed slightly higher on the back of tension in the Middle East and a reduction in OPEC's oil production outlook, with sweet crude for June delivery up 0.5% to $71.31 a barrel.

European stock markets closed slightly higher, but the stock market in Frankfurt fell following weak macro data in Germany. London rose 0.2%; Frankfurt fell by 0.1%; Paris rose by 0.2% and the European Stox 600 index rose by 0.1%. The Milan stock exchange rose 0.3% on expectations of a coalition led by populists.

Open positions

EUR/USD

VIP Long Term Trade

Pending positions

None

Closed positions

Yesterday was not a good day, a total loss of 67 pips, however this week I am currently down just 37 pips because the first trade this week won 30 pips and plenty of trades are to come!

GBP/USD did not perform the expected technical correction up on its massive support area and eventually fell and I lost 38 pips. Due to a massive support I decided to risk an extra 9 pips on that trade but that did not work out hence the bigger then usual stop loss.

USD/CAD was correlated with the all other USD pairs and after a short correction down I expected the pair to continue higher based on the strengthening of the USD. Somehow without any real reason the pair made a very unusual move and managed to break several support lines to hit SL on my second trade of the day losing 29 pips.

We have plenty of events this week, and plenty of opportunities. Any business is counted over a weekly, monthly, and yearly performance and so is Forex trading. I don’t mind having a bad day if the overall monthly results are good.

In my sight

Tons of USD events, overall an expectation of a stronger USD, hold tight, today is going to be jumpy. 

Please make sure you are logged in to the AndyW APP to get my LIVE Notifications! A copy by Email will also be sent to you.

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May 15th, 2018

Prices fell on the Asian stock market, despite yesterday's gains on Wall Street. The Tokyo Nikkei is down 0.2%, though it has risen 15% since the beginning of the year. In Hong Kong, the main index is down 1%, and in China the stock indices are down 0.2%.

Crude oil added 0.2% to $71.08 a barrel in contracts for Brent crude oil. Gold is down 0.4% at $1313.4 per ounce.

US 10 year bond yields, signaling the direction of the US economy.

Open positions

None

Pending positions

GBP/USD Pending BUY=1.3508 SL=1.2479 TP=1.3548

Canceled positions

GBP/USD pending order canceled yesterday after the expected move has started before triggering my entry rate. 

Closed positions

EUR/USD London trade was placed during a slow Monday expecting a massive resistance around the 1.2 level. The pair indeed went up to trigger my sell pending positions and then dropped all the way to its target and won 30 pips.

You can see my video analysis for that trade here and comment, like, share:

https://www.youtube.com/watch?v=RxBEgo5XwoE

In my sight

Plenty of announcements in Europe, USA and Japan all together today, so expect some volatility. 

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