SteveNixon

11:45

SteveNixon

The US China trade war has just gone up a notch or two and we could be looking at the start of a world recession. The sequence of events went like this. Wednesday The FED cut rates by 25 basis points, result the dollar index goes long. Why? Because they were dovish in the statement and the market was expecting more cuts. Friday's employment figures weren't good so...

10:51

SteveNixon

Today's the day we've been waiting for. The Fed are expected to cut interest rates for the first time since 2008. What will happen to the Dollar? Well it should fall but will it. With a host of economic data coming out in the Euro zone today and the rate cut perhaps priced in could the dollar go long? I for one will wait and see. From an Elliott perspective we...

06:05

SteveNixon

BOJ, FOMC and BOE all have interest rate decision this week so we should see some volatility over the coming days. There's a potential C wave setting up on Dxy which will star a short move on the Dollar provided the FED remain Dovish. This is not investment advice Please share and like if you find this useful Links below for telegram updates and...

06:56

SteveNixon

The ECB made no moves yesterday but are likely to cut next month or at least ease. In the mean time we have the FED rate decision next Wednesday which could see a 25 basis point cut. How will this play out on the Dxy Chart? This is not investment advice Please share and like if you find this useful For more information on training or just joining our trading...

10:25

SteveNixon Updated 

Today's ECB interest rate decision so far has had no effect on the EUR but lets see what happens after the statement. Here I examine the possible scenarios and where to find trading opportunities opportunities. Please remember to share and like if you find this useful. Links below for more info and updates. Try telegram for instant news and ideas This is not...

08:08

SteveNixon Updated 

The ECB is announcing it's interest rate decision tomorrow which we expect to remain the same but all ears will be on the statement listening for clues about future policy. Expect a dovish outlook which may push the EUR lower. We then have to look forward to next week when the FOMC announce their decision and policy which is also expected to be dovish. It seems...

10:47

SteveNixon

USD, EUR, GBP and JPY all have interest rate decisions in the next week so there could be a lot of movement coming up. The USD market seems schizophrenic at the moment as it tries to second guess the FOMC. They said they would cut so I'm going with that. 25 basis points next week and we'll listen to the statement for what's coming next. I suspect they'll wait and...

08:34

SteveNixon

I'm continuing to call the dollar short as we move closer to the expected FED rate cut. The GBP has moved short long enough for me and I've moved neutral on it until we see what effect the new man in Number 10 will have. Yen continues to push up as does Gold and Silver. Still waiting for a short set up across the board on the Stock market indexes. This is not...

09:23

SteveNixon

I our last recording I called oil short, silver long, GBP short and all of them came off. Today we look at what to do next with those price movements and we also look at where the dollar is likely to go next. Even though the Dow Jones and the S&P 500 show no sign of shorting I am still bearish on both and also the other major indexes. This is not investment...

11:24

SteveNixon Updated 

Commentary Correction: "that's why we've been long on the Dollar" Clearly I meant SHORT I continue to see the Dollar as short or sideways in a range so at the moment I'm looking for short dollar trades. I remain Bullish on save havens like Gold Silver Yen and Swiss Franc The GBP continues short as expected but trying to get a value trade is difficult because we...

08:35

SteveNixon

As expected the dollar moved sharply short yesterday on Powell dovish testimony. I would expect it to continue short although is a diagonal rather than impulsively. Today I'll be looking for a pull back for entry. Gold and Silver both gained off the dollar decline as did oil. I'm still looking for a short entry on WTI but we may have to wait a while yet. US stock...

10:15

SteveNixon

Powell is testifying before the House Financial Services Panel to day and the FOMC meeting minutes are being released. The market may react to what it hears. The rate cut is coming so I don't see any up side and it's a case of how is the dollar going to drop. RBC interest rate day and although no change is forecast we could see some movement of the statement....

11:35

SteveNixon

Still waiting for the FOMC minutes which are being released tomorrow; Powell is also speaking. That information could be the catalyst the market needs to move with any significance. On the higher time frame I'm still long on safe Havens and short on the GBP although it need to correct upward to get an entry. Stock markets are in and around previous highs and are...

09:17

SteveNixon

CORRECTION: Sorry guys I made a mistake while talking about the markets expectation for interest rate cut - I said 50% cut when clearly I should have said 50 basis points. Looking at the recent interest rate expectations and the reaction to the surprise Non farm payroll figures. The trend for the dollar index remains short but we could see a sideways pattern until...

08:17

SteveNixon

Non-farm payrolls day. Let's see how the Dollar reacts to the data. Trend is still short but we could see a push to the top of the diagonal. This is not investment advice Please remember to share and like if you find this useful. Links below for more information and updates Steve Nixon logicfxtrading

09:15

SteveNixon

Happy independence Day to our friend in the USA. The markets should be quiet today but none the less we are seeing some movement on NZD. Still long on safe havens and short dollar and GBP Please share and like if you find this useful Links below for more information & updates This is not investment advice Steve Nixon logicfxtrading

10:15

SteveNixon

Looking for the Dollar to continue short after the brief pullback due to China trades talks. The talks have a long way to go before anything will be concluded so I suspect the dollar will move down in a diagonal. We could also be seeing a move back to risk off for the same reason so look at the safe havens for value. This is not investment advice Share and like...

11:16

SteveNixon

The US Dollar is still correcting the previous short move. I'm waiting for that to end before I'll be looking for short trades. In the mean time the RBA have cut the cash rate by 25 bases points to stimulate the Australian economy. Naturally I remain bearish on the Aussie and NZD. The trade talks between USA and China have put a halt to the move to safe havens but...