<strong> </strong>
<ol>
	<li><strong> INTRODUCTION:</strong></li>
</ol>
I pride myself upon telling it how it is for me as a trader, the good, the bad and the fecking ugly. Here we go again.

Last week was a very mixed week of trading for me.

In the heat of the moment, following the FOMC statement I decided to enter the USD/CAD long using the down sloping support trend line around 1.3080-1.3100 as my stop. I am still beating myself up for entering this trade long even though technically it looked good. Fundamentally it was a poor trade as WTi was up 4% on the day looking to target $40 per barrel. What was I thinking? Jesus, Mary and Joseph, to add further stupidity I added a second long trade just above the trend line, thankfully that was just a quarter size position. Suffice to say the CAD was taken to the woodshed and spanked…. I should have gone there myself I took just over 300 pips loss on the two trades.

At the same time I was trying to pick a high with the NZD/USD going short. I am bearish the Kiwi. I still have those trades plus other NZD crosses in play. Whilst I am out of the money, I am being backed by the RBNZ with the direction based upon a very strong monetary policy statement from a week or so ago.

At times as a Forex trader, there are moments when I feel like smashing my head against a wall… I hope that I am not alone with that feeling! So, long story short; I gave back the pips that I had gained earlier in the week…. argh!!

Adding in my weekly weather check…. We are still thawing here, just off the island of Montreal. The browny / green grass is starting to appear from under the white snowy blanket that has been in place for several months. My wife and I have stocked up on wine / Gin and Jack for the BBQ season that will shortly commence. I will be trading outside with my MacBook Air and iPad’s after the US open very soon, I hope

Finally, in this section, just to remind you; you could be the next winner of a free PREMIUM SERVICE (SILVER) subscription; if you subscribe to receive this free blog via my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

You are automatically entered into a free monthly draw, once you’ve subscribed. Each month during 2016 one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE (SILVER).

<strong> </strong>

<strong> </strong>
<ol start="2">
	<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<u>WHAT IS THE PREMIUM SERVICE:</u>

The PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.

Full details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.

Additional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a PayPal account.

<u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u>
<p style="text-align: center;">NET PIPS THIS MONTH SO FAR:            +1,511
NET PIPS THIS YEAR SO FAR:                +1,379</p>
<p style="text-align: center;">NET PIPS 2015        +10,686
NET PIPS 2014        +11,209
(I trade basically for 10 months a year. I do not trade from mid July through early September or mid December through early January).</p>
If you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.

<strong> </strong>
<ol start="3">
	<li><strong> THE FX MARKET PLACE:</strong></li>
</ol>
<strong>LAST WEEK’S NEWS – MY THOUGHTS:</strong><u> </u>

I have already alerted you to a brief overview of how I traded the FOMC last week; from my view it was pretty poorly if the truth were told. Overall it was a mixed week for me with highs and lows.

Looking at the key events from my perspective: -

&nbsp;

BOJ PRESS CONFERENCE:

In my opinion it was a non-event. Then 24 hours later Kuroda spoke in Parliament (I think) and said that he will still increase the current negative interest rate of 0.10% to 0.50%. This was after, the prior day’s press conference when you could hear in the background the John Lennon (Plastic Ono Band) song, “Power to the people” playing. This was as a direct result of big and small businesses plus the common folk, saying how much they detested negative interest rates. This caused the BOJ to say that they weren’t going to touch them in the near-term and that they were going to review to whom the policy would apply… WTF.

Then on Thursday last week, the USD/JPY broke below 111.00. It hit 110.66 and spiked to 112.00 (140 pips). The BOJ denied any involvement with that move… my arse no involvement. They must think that we (traders) are fecking idiots. They get somebody to do their work so they can proclaim a 2016 version of Pontius Pilate to the markets. For crying out loud, give us some savvy!!

Oh, what joy!!

&nbsp;

FOMC STATEMENT &amp; PRESS CONFERENCE:

Janet Yellen and her team delivered a very DOVISH statement. From my perspective when she was speaking in the press conference, I found her more HAWKISH than the written statement. Nevertheless, it was a DOVISH statement; I stood in front of the bus and got whacked.

The one thing that is haunting me though is; is the U.S. economy in good shape?

I am sick to the back teeth of listening to loud mouths telling me that the EUROZONE, UK and JAPAN are in the toilet and the U.S. is great.

Here are my thoughts, followed by the question:

After 7 years of QE (Quantitative Easing) following the financial crash, we are now advised that we (the U.S.) are in a period of normalization. Interest rates are at 0.25% and the markets are shit scared of a raise of another 0.25% to 0.50%.

For the greatest country in the world, isn’t this just a load of bollocks?

Instead of shouting louder to get your views heard. Would it not be more appropriate to think first, before engaging your gobs?

The markets are crapping the bed over 3 or 4 rate hikes this year. Janet Yellen is pussy footing around the markets creating more uncertainty and dithering (like she did last year). She will no doubt be behind the curve, when she finally makes a move, and now, she is talking in terms of only 2 or 3 rate hikes in 2016. This change in the number of rate increases does beg the question, is this the best the U.S. has after 7 years of QE?, when the markets have been wrapped in cotton wool and bubble-wrap. Does this indicate that all is not good and that we are on the brink of another recession?

All the “doom and gloomers” from earlier this year were probably correct with their thinking and prognosis.

Get ready and take protection would be my thoughts at the moment. This is a U.S. election year with some right numpties looking to take office. The U.S. is going to have to make more than great deals to get itself out of the shit.

The FED must see the economy as weak and borderline looking forward, otherwise they would be pressing ahead with rate increases. The Stock market is NOT the U.S. economy.

&nbsp;

SNB POLICY ASSESSMENT:

This was a damp squib. Yada, yada, yada…we will do what we have to… the usual stuff from Thomas Jordan and co.

&nbsp;

BOE INTEREST RATE ANNOUNCEMENT:

With the spring time change I forgot all about this. The cable however, did rally off the news that the BOE now does not think that interest rates in the UK will rise for at least the next three years. I just hope to God that someone has alerted Mark Carney to that effect, I know that he is the bank governor but he is also the master of misleading everyone with his rather wild and off the cuff comments.

Last Thursday’s move after the Interest rate announcement was impressive on the day, the cable had a move through the 1.42’s, 1.43’s, 1.44’s and 1.45’s, by any measurement that was impressive. However, moving forward, the UK will still to and fro with headlines relating to BREXIT and the gain may not remain on the books for long.

&nbsp;

<strong> </strong>

<strong>WHAT’S ON MY MIND:</strong>
<p style="text-align: center;"><strong>THE EUROZONE INCHES CLOSER TO ITS IMPLOSION</strong></p>
Maybe not as much as in previous years if at all in 2016, have I written about the EUROZONE, stating that it is in crapper, on the road to hell or about to fall off the cliff on the basis that it is on the precipice.

In my opinion, the EUROZONE has always been close to the precipice ever since the financial crash, 7/8 years ago. Recent events have me back on the soapbox once again and I really do think that implosion time is not that far away.

I really do not want to dwell too much in the past with regards to the EUROZONE other than to briefly say, it was born at a time when the world was completely different from now. It was initially a trade agreement to bolster free trade restrictions within the European continent in competition with EFTA (The European Free Trade Association). The EUROZONE was originally called “The Common Market”.

France and Germany geographically at the heart of Europe wanted to take “The Common Market” beyond trade, to include, social needs, banking and currency union, foreign policy, fiscal union, tax harmonization etc. The Common Market became the EEC (The European Economic Community) and for those countries who were members of the EEC they had a buy in time to join the single currency, the EUR by achieving a set of economic standards by a deadline such as Debt to GDP, Inflation, Unemployment etc. From this the EUROZONE was born in 1999 with 11 countries initially. The EEC then became just known as the European Union and countries who are users of the € (EUR) are often just referred to as member states. For the record, there are 28 member states (countries) in the European Union of which, 19 are members of the EUROZONE using the € single currency.

In my opinion, with such grand goals as tax harmonization, fiscal union and foreign policy alignment, the project referred to as the EUROZONE, was doomed from the outset.

The way I look at it, there are 19 countries spread throughout the European continent, all different in location mass, population build up and culture basically using the cheque book to manage their own economies and still expected to conform to a central policy… no chance.

The comparison of northern Europeans with those in the south with the Mediterranean culture is like comparing apples with oranges. The economies are different, natural resources vary, yet each member state had to balance the books and meet a criteria set down by Germany basically, the industrial powerhouse of the EUROZONE.

To cut a very long story short, the Mediterranean countries (GREECE, SPAIN, CYPRUS and although not geographically on the Mediterranean let me add PORTUGAL to this list) misled the EUROZONE group about their economic position, resilience and stability. The constraints of working with a central bank (the ECB) eventually came to the forefront and the cracks appeared.

The EUROZONE was a dream of both Germany and France where the agricultural dependency of the French farmers would be assured by introducing the CAP (the Common Agricultural Policy), this basically meant the EUROZONE would buy all production from the farmers whether it was needed in Europe or not for a guaranteed price. Do you remember, “The Butter Mountains”, “Wine Lakes”, “Milk Lakes” etc…? This was the result of the CAP. In return for the CAP the French basically offered 100% total support for Germany’s financial control of the EUROZONE.

At the outset the “European Dream” was not set-up in any way shape of form believing that it would have to withstand a financial downturn (crash) almost as severe as the 1930’s world recession.

The cracks in the EUROZONE were there before the 2008-9 crash; they were just papered over in classic EUROZONE style.

GREECE, PORTUGAL and IRELAND all required cash bailouts from the ECB (basically Germany), to help them pull through the downturn.

The U.S. and UK introduced QE (Quantitative Easing / Asset Purchases) to flood the markets with cash support and help the financial centres and banks.

The EUROZONE under German leadership decided, AUSTERITY is the way to handle a downturn. Tighten ones belts, do not spend a penny, cut back on all things and weather it through. All this did was piss people off, make politicians very un-liked and deliver pain and suffering to the masses, all 338 million of them.

“Happy fecking Christmas one and all, Love Angela”

The ECB had by this time switched president from the inaugural Jean Claude-Trichet, to Mario Draghi (God love him). Trichet was a bit of weird character to say the least; along with Alan Greenspan in the U.S. they spoke a different language. I am certain that was where Gene Roddenberry got the idea of Klingon from for Star Trek. Everything was a bit like code… it was hard to understand what they were getting at.

Draghi and his counterpart at the FED Ben Bernanke, were much easier to follow. Mario Draghi’s problem was the Bundesbank under Jens Wiedmann (President) probably under rule from Angela Merkel and her pit bull Wolfgang Schaeuble (German Finance Minister), who had their own ideas of how the ECB should operate and although its mandate was quite varied, they wanted a say in all matters and decisions. Draghi was to a large extent a puppet.

After several years of AUSTERITY, it was finally cast aside, probably more based on fear of sitting governments and politicians not being re-elected more than anything else. In its place came QE, similar to the U.S. model that was at the end of its run after 7 years.

Yes, 7 years of AUSTERITY did feck all for growth in Europe. When you sit back and look at matters, it was no big surprise.

Mario Draghi’s big issues to address were: -

DEFLATION – the sentiment and purchasing prices of raw materials and services were so bad there were no price rises on anything, it was survival mode only.

GROWTH / GDP – a target of 2% was set. Like many G7 countries around the world, the EUROZONE has constantly projected growth and then wound the numbers back just as fast time after time.

UNEMPLOYMENT - youth unemployment and longer-term hard-core unemployment in the EUROZONE were at levels never thought possible.

CONFIDENCE – he needed to bring a more positive outlook to the EUROZONE to demonstrate that there is an there is a bright light at the end of the tunnel and that the tunnel does have an end.

BANKING &amp; ECONOMIC STABILITY – he needed to bring an end to the uncertainty surrounding various banks of member states, carry out stress tests to show that the ECB has matters under control and that the banking system was strong and resilient and ready to lend money again.

It’s all basic stuff.

So, why am I saying that the EUROZONE is about to implode?

Over the past couple of years I have blogged many times about the Mario Draghi position as being a puppet. His strings are being controlled by Berlin. He is being operated by a combination of Merkel, Schaeuble and Wiedmann. This is business; Germany controls the purse strings, it makes absolute common sense that they want to know what debt they will ultimately be responsible for.

In recent weeks we have seen the effects of central bank monetary policy not following through into the markets. The ECB made huge DOVISH moves in two out of the past three meetings. At the last meeting I argued the point that not only did Draghi throw the kitchen sink at the market by way of some extraordinary supportive measures and initiatives, he also threw in his “Granny” for good measure. The single currency should, in reality be trading below 1.0710, in fact below 1.0450 by now given the easing that the ECB has done. We are however trading around 1.1300, with some pundits talking in terms of 1.1800.

So ECB actions are now ignored, just the same way as the BOJ move to negative rates was rejected.

During Mario Draghi’s last press conference after listing the ECB initiatives, he basically said, “That’s it… no more that's about all we can do”. The markets reacted to this statement by buying the single currency across the board. We live in strange times. Markets now expect on-going continuous free money and 100% un-dying Central Bank support to infinity. I blame Ben Bernanke for this expectation.

Mario Draghi stated after this market moving statement about “That’s it”, that now individual member states within the EUROZONE need to carry out a coordinated structural plan to reform to aid recovery and plant stakes in the ground for a return to growth normalization.

Well…”Glaze my nipples and call me Rita”, there is little chance of this ever happening. We are talking about 19 different countries, as mentioned earlier they are all at different places on the curve, coordinated approach, FFS, these people can’t agree on whether the grass is green and the sky is blue!

In the name of sanity, what is going to happen, who is going to chair such an event. Given that it's odds on to be a failure, because, lets be very clear, the EUROZONE is managed by vote grabbing non-effective politicians, who are only interested in popularity and job security. They are not interested in 5 / 6 year medium term plans to turn things around, that, may cost money that they see no value for. They would rather spend that money on popular policies that will give them votes to ensure job security.

The EUROZONE is no way near to harmonization on any key function except pissing people off with bureaucracy and interference on little matters, like the meat content of a sausage!

Minimum Health standards, Educational minimums, Employment contracts, Infrastructure minimums, Foreign Policy, Social Chapter harmonization, Tax harmonization, Coordinated bank policies, Fiscal changes and controls… the list is endless and since 1999, some 17 years ago, apart from free trade and an emasculated ECB what has been achieved; basically, bugger all. This in itself is a sad failure to all those involved in the project.

So to expect a coordinated policy on EUROZONE both fiscal and structural reforms is an extremely tall order.

Coordination within the EUROZONE is a failure before it starts. The EUROZONE is famous for “Kicking the can down the road”. Historically, coordination can only succeed when managed centrally, again this comes back to the issue of so many countries being involved.

Let me just highlight initially the two big issues that the EUROZONE is trying to deal with right now, plus I have added some of the on-going issues from my perspective looking in: -

&nbsp;
<ol>
	<li>THE SYRIAN / LIBYIAN REFUGEE CRISIS: This is a huge cost borne in the main by the countries around the Mediterranean that are the most ill equipped countries in Europe to deal with such an issue. There are now border issues (Schengen) that were core factors when the union was formed. Never mind the stability and security issues this infiltration of refugees is placing on the union. The full affect of this has yet to be acknowledged.</li>
</ol>
<ol start="2">
	<li>BREXIT: The UK is a huge cash deliverer to the European Union. The UK is a net cash inputter to the union. The European Union does not want a BREXIT, as this will affect cash flow in the longer term. The UK leaving could cause a contagion effect with the European Union.</li>
	<li>ECB BATTLES: It is no secret that Wiedmann (Bundesbank) and Draghi do NOT see eye to eye on ECB policy. There is an undermining of ECB policy by Weismann’s guy, actually a gal on the inside Sabine Lautenschlager.</li>
	<li>DEFLATION: Despite millions and millions of euros being thrown at the EUROZONE economy, zero progress to defeat DEFLATION has been seen. Absolutely nothing, the EUROZONE is like a catfish at the bottom of a fish tank eating shite and crawling along the bottom.</li>
	<li>LOOSE TALK: This sounds like a weak observation, but in my opinion, the continual failure of Wolfgang Schaeuble (German Finance Minister), Ewald Nowotny (Austrian CB President) and Jens Wiedmann (Bundesbank, President) plus others, does little for whatever attempts by the ECB to provide a stabilizing footing to move forward.</li>
	<li>GREECE: This is classic EUROZONE. Three bailouts so far and continual uncertainty about its abilities to meet debt repayments and the strict reforms that were imposed in order to meet the bailout. Debt forgiveness is the only route to finally clear the Greeks of the financial burden they have, and frankly have little chance of repaying. It is odds on another bailout; Act IV will be required.</li>
	<li>THE EFFECTS OF AUSTERITY: This has opened the door for more extreme political parties to get footholds in the political process. GREECE, PORTUGAL, SPAIN and ITALY all have issues now with what I call “The lunatic fringe” having a voice. In the past they would remain on the outside of popularity. Austerity and the years of hardship and neglect has changed the political landscape.</li>
	<li>OVERALL POLITICAL STABILITY and UNCERTAINTIES: This issue is never fully covered, because, with so many member states, the changes in heads of state and finance ministers are a fairly consistent feature of the political debates in Brussels. New governments make many election promises with many different benefits to secure election victories with wide ranging manifestos. Many of these promises create uncertainty, and, a lack of consistencies in Brussels, as a countries viewpoint can change from one meeting to the next. This creates instability and uncertainty on centralized policy moving forward.
Like the UK with David Cameron’s BREXIT, past agreements are always being re-worked to accommodate change and nothing moves forward.</li>
</ol>
&nbsp;

So, the European Union, if anyone can tell me where the “union” is please write too me.

There are without doubt big changes ahead in Europe. There will be an attempt at member states level trying to make fiscal reforms to structurally change the way their economies move forward to hopefully increase growth and GDP. To fix and tackle the effects of DEFLATION is paramount to any measurement of success.

The $64,000.00 question is, does the EUROZONE have the time

Not a cat in hell’s chance as far as I am concerned.

Now, I do believe that we still have central bank divergence. It is well hidden at the moment, but I do believe that the EUR/USD is heading below parity. I still think that within the next 12 months this is going to happen. The U.S. under Janet Yellen is going to raise interest rates and the ECB has pledged continual easing for several years to come, in fact, pretty soon I expect the EUROZONE version of “Helicopter Ben” to appear.

Therefore the FED will help kick start the EUROZONE by enabling a weaker EUR/USD and EUR/JPY exchange rates.

After this the rest is down to member states within the EUROZONE to demonstrate a commitment to change and force through growth related structural reforms. I would not hold my breath on this.

CHANGE and PROGRESS are two words that appear in many European Union, documents, treaties, press announcements and speeches. However, in reality CHANGE and PROGRESS are great words but unless they actually mean something tangible they are just hot air.

I see big changes ahead with the structure of the European Union and EUROZONE; the changes may be too big for it to survive. The union is being pushed to the precipice once again and there are huge issues on the horizon to manage.

Will the EUROZONE muddle through?

Probably, somehow the EUROZONE will kick a few cans and survive. However from my perspective, the likes of FINLAND, DENMARK, SWEDEN, THE NETHERLANDS, PORTUGAL, GREECE, ITALY, SPAIN, IRELAND and the UK may not be either members of the European Union or the EUROZONE when it is all said and done.

&nbsp;

<strong> </strong>
<ol start="4">
	<li><strong> PREMIUM SERVICE (GOLD) EXCLUSIVE CONTENT:</strong></li>
</ol>
(This area contains exclusive content for PREMIUM SERVICE (GOLD) subscribers)

<strong> </strong>
<ol start="5">
	<li><strong> COMING UP THIS WEEK:</strong></li>
</ol>
<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>

(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfactory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).
SUNDAY: N/A.

MONDAY: N/A.

TUESDAY: AUD – RBA Gov. Glenn Stevens, with words of wisdom.

WEDNESDAY: NZD – Trade Balance.

THURSDAY: N/A.

FRIDAY: USD - GDP.

<strong> </strong>

<u>THE USD MAJORS – MY THOUGHTS (A REVIEW): </u>

(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)

My comments are contained on the charts. If you have difficulty getting them to expand please let me know. Sometimes word press is difficult.

EUR/USD - Weekly Closing Price: 1.1145

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/eurusd-daily-19032016/" rel="attachment wp-att-7457"><img class="aligncenter size-large wp-image-7457" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/EURUSD-DAILY-19032016-1024x509.png" alt="EURUSD DAILY 19032016" width="1024" height="509" /></a>

GBP/USD - Weekly Closing Price: 1.4386

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/gbpusd-daily-19032016/" rel="attachment wp-att-7458"><img class="aligncenter size-large wp-image-7458" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/GBPUSD-DAILY-19032016-1024x509.png" alt="GBPUSD DAILY 19032016" width="1024" height="509" /></a>

AUD/USD - Weekly Closing Price: 0.7559

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/audusd-daily-19032016/" rel="attachment wp-att-7456"><img class="aligncenter size-large wp-image-7456" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/AUDUSD-DAILY-19032016-1024x509.png" alt="AUDUSD DAILY 19032016" width="1024" height="509" /></a>

NZD/USD - Weekly Closing Price: 0.6742

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/nzdusd-daily-19032016/" rel="attachment wp-att-7459"><img class="aligncenter size-large wp-image-7459" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/NZDUSD-DAILY-19032016-1024x509.png" alt="NZDUSD DAILY 19032016" width="1024" height="509" /></a>

USD/CAD - Weekly Closing Price: 1.3215

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/usdcad-daily-19032016/" rel="attachment wp-att-7460"><img class="aligncenter size-large wp-image-7460" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDCAD-DAILY-19032016-1024x509.png" alt="USDCAD DAILY 19032016" width="1024" height="509" /></a>

USD/CHF - Weekly Closing Price: 0.9825

<a href="https://weeklyfxdrivethru.com/member_posts/7463-2/usdchf-daily-19032016/" rel="attachment wp-att-7461"><img class="aligncenter size-large wp-image-7461" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDCHF-DAILY-19032016-1024x509.png" alt="USDCHF DAILY 19032016" width="1024" height="509" /></a>

USD/JPY - Weekly Closing Price: 113.81

<u><a href="https://weeklyfxdrivethru.com/member_posts/7463-2/usdjpy-daily-19032016/" rel="attachment wp-att-7462"><img class="aligncenter size-large wp-image-7462" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDJPY-DAILY-19032016-1024x509.png" alt="USDJPY DAILY 19032016" width="1024" height="509" /></a></u>

&nbsp;

&nbsp;

<u>5.3: CLOSING THOUGHTS:</u>

Not a lot on the news calendar this week for me. I strongly suspect that we shall be at the mercy of OIL, GOLD and EQUITIES this week.

I have a funny feeling about the EUROZONE and BREXIT…

I expect that rumours and some wonderful sound byte quotes could be coming our way. In addition, do not forget to rule out the uncertainty that will be growing in the U.S. over the election this autumn / fall.

I would really love to write what I think about the U.S. election circus, an X rated version, however until it affects Forex trading, my lips are zipped.

As always, be savvy…

Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.

Take care,

&nbsp;

Scott Pickering
The Pip Accumulator
<a href="https://weeklyfxdrivethru.com/disclaimer/">https://weeklyfxdrivethru.com/disclaimer/</a>

DATE: 19<sup>th</sup> March 2016
BLOG REFERENCE: #193 FREE NEWSLETTER

&nbsp;