Dollar is now priced for excellence.
Asia FX declines, while the yen stabilizes on intervention talk. While the Japanese yen steadied as government officials warned of possible intervention, other Asian currencies fell Wednesday as growing expectations of a slower pace of U.S. interest rate decreases bolstered the dollar. Following Washington’s addition of two significant Chinese enterprises to a blacklist of businesses […]
ADP Employment likely Change, US Dollar Index corrected extreme overbought conditions
ADP Employment Change likely to signal cooling job market without shaking Fed’s rate cut plans The macroeconomic calendar begins to fill up as financial markets gradually resume their activities following the Christmas break. The United States (US) and President-elect Donald Trump’s proposed tariffs have been the center of attention lately. In the lack of pertinent […]
This week’s trade: an unreal +31.45% return in 2024
Even though each transaction only involved a 2% risk of capital, 50 Trades of the Week produced a notional return of +31.45%. Review of 2024 trading statistics (partially transcripted video) Welcome to this week’s “Trade of the Week” on Monday, December 23, 2024. I also wanted to review our statistics because we closed all of […]