USDJPY might be the play for me. Fed statement was pretty bearish that they think they have interest at the correct level but will increase if the data says otherwise. Last time was a strong suggestion that it would be another big rise, this time it was suggested not.
Recession still seems likely to me, at least in Europe so probably more stock selling to come as data goes that way. But seems the Fed think we might be done
by the technical definition of a recession, the US started our recession yesterday. another selloff into last month’s lows sure would signal a strong bottom for stocks, as it is there is a lot of risk buying this bear market rally. As for currencies, SW has done a pretty good job keeping us in the best trades
our upside-down market continues to see a strong Yen at the same time stocks are heading higher
Yes and bizarrely, during the questions, a reporter made talk of Biden saying there isn’t going to be a recession, but made no mention of the fact that you’re actually in one.
Japan has managed to keep inflation steady, so the yen hasn’t had the bull moves you’d expect when every other central bank is hiking rates to fight the inflation. Very strange situation.
Europe looks like it’s getting hit harder and especially the UK. I think selling will be back soon when we all enter recession.
Looks about right 
To those that still believe that Price Action levels are completely random…
USOIL 15Min Chart… Market closes right on the Average Price as calculated and displayed a few weeks back…Starting to see a pattern here?
Just another tool that can be used to help estimate SWA trend directions…
Not quite official ( kind of like the US recession) but I am calling EURJPY short our new TOP Trade, we talked about this one a few days ago and some of you might already be trading it, Short EURCHF remains a good trade
I don’t know if you have been watching the biden minions posting about all the jobs they have created, what they never say is those jobs are just people going back to work that were forced into unemployment by the government mandated shutdown.
It is just all politics and We The People are left to suffer
Top Trade short EURJPY scored 100 pips for its first day as top trade, a very strong day for the Yen
Everything is red, there is a small rally as I post this so yen pairs are off their lows, Top Trade EURJPY scores another 100 pip move
after a two-week rally, AUDUSD is giving us a reversal signal, this could be the beginning of the next step down and I would expect stocks to also selloff
I saw USDCAD and EURCAD also reversing. Would like to get your view on these two, Dennis.
I’m expecting another step down, there’s nothing really pointing otherwise. But, I think we’ll see a bit more upside first. This is strictly based on my TA on the weekly chart.
CAD is a play on oil, oil is pulling back, if the US recession worsens then oil might go lower and that would not be good for the CAD
What a difference a few hours makes, big reversal in all Yen pairs, EURJPY is not looking so good right now, I hope you took out some profits and have a break-even stop in place
USDCAD isn’t reversing. That was just a retracement.
Expect it to go down on the short side like a rock tonight.
Stocks had a strong July led by the NASDAQ, short term ( 1-hour chart) NASDAQ has a double top at 12,500 , that top holding looked pretty good this morning, now with the yen falling, stocks could rally again
Yen remains number one but big reversal today suggests that might not be the case for long
All green day, oil is at it’s lowest point since Feburay, Yesterday day’s rally in Yen pairs saw follow through today. Risk on is back in play
Another good day for Yen pairs, Risk on currencies AUD, NZD and CAD are leading this rally
the CAD is a surprise as this rally is happening oil is at a 5 month low
