Yellen’s comments | Current Sentiment

[Jarratt Davis]

There is no trade call for the session. There was no notable news during the Asia-Pacific session. USDJPY is down 160 pips from yesterday’s highs. The London session is also very light on data.

Current Sentiment:

Yesterday’s NY session saw a dovish Yellen; citing downside risks and lower inflation expectations. The USD sold off accordingly and dollar weakness is likely to remain in play heading into NFP. Yellen’s comments have neutralized hawkish comments from other Fed officials since the March meeting.

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P.S. - If you want to learn more about how I trade, check out the link below

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[IrwanI]

Thanks Jarrat,ADP comes with good number hope NFP do the same.

 

[TCentral]

Jarrat, you are too long into this, please tell me one thing, can you predict the market based on any of the analyses
you make - consistently?
I will tell you one thing as a hint, I respect you, I am a pro about 10 years now ....went trough all of it ... we are writing systems based on quant algorithmic - grid trading, swings the whole thing possible - guess what, our problem is cost of trade.......
you never mentioned one thing there is one thing u never mention and it is essential - cost of trade .... cost- cost - cost ,,,,
because we all are in it ... and it is all 50-50 minus cost ... but one thing means a difference and there u come to be the guru ....
so tell me a simple math of 50-50 minus cost ....how can the pure folks beat that, so even people follow u ....
listen ....my 5 cents are = if we have the Holy Grail , we will never sale it ....so you are helping to all this folks a lot ... and thank to this website I hope less people will be scammed and more people will know , market doesn't work for them ....