Recent content by goodfella

German IFO caused EUR/USD to hit session lows, and was probably a strategic buy level for many traders, causing them to buy when it started to reverse. I lost money as well, but got out after small loss.

I hope nobody went with this trade..they would have been punished. Short Eur or AUD..that would've been a good trade AUD trading below 90 cents after being at .985, 900 pips!

Thanks for posting the pdf, and offering your analysis. It was interesting to see the 2 FOMC reports and compare them. I think your analysis could be reading a bit too much into the statement, as it clearly states that inflation is of a significant concern, and the outlook is uncertain. I would...

Crazy Cat, if you had traded the other direction, after the 25 pip spike it would have been over 100 pips in half an hour. How is higher inflation good for a currency and would make you want to buy it?

I disagree with CPI trading signal. Only naive people would trade it like that.

I have used dailyfx.com and Trade The News, which has a subscription cost, but it pays for itself if you make profitable trades.

I quickly realised this was a bad trade and got out for a small loss. CPI being lower means the Fed will have less reasons to aggressively cut rates, because it means they have a better grip on the possibility of stagflation developing. This is why it was strengthening for the dollar. I think...