<strong> </strong>
<ol>
 	<li><strong> INTRODUCTION:</strong></li>
</ol>
The USD came back with a vengeance last week. All you have to do is look at the DXY chart below to see that there is a desire to own the greenback once again.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/DXY-15052016.png"><img class="aligncenter size-large wp-image-7865" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/DXY-15052016-1024x429.png" alt="DXY 15052016" width="1024" height="429" /></a>

On the DXY weekly chart above, I have placed a few comments regarding my thoughts and target levels.

I decided on Friday last week to take profits on my RADAR and FUNDAMENTAL trades after U.S. retail sales numbers were posted. The longer-term POSITION trades are still in play and I am hoping for some larger moves in line with my FUNDAMENTAL views for 2016-2017. All in all a good week for trading, although I find myself writing this a great deal now, one has to be patient and wait more so then ever for trades to materialize and develop.

As I have said for over two years now, my approach is a ’Steady Eddie” one. My goals are very simply 10,000 pips per year for the 10 months of the year that I trade, which, breaks down to 1,000 pips a month. This month we are at 786 pips of net profit generated with 4,600 pips year to date.

Remember, the ice storms and power and ISP outages that I suffered here in Montreal in February?

The PREMIUM SERVICE account was reduced to zero pips as a result of that; look where it is today, back on target: - How?
<ul>
 	<li>Patience</li>
 	<li>High probability trading</li>
 	<li>Taking a longer-term wider stop perspective during the continual chop fest and range bound trading conditions.</li>
</ul>
All of this has contributed to the “Lazarus” effect!!

My G20 aka “G” trades have yet to be added to my broker account. I am so conscious that my 1.0 trades had great entries at range extremes but now that we have pulled in from the limits I am like a spoilt child that has “spat his dummy out” because I cant have those great entries once again. They will appear soon.

Moving on…

The PREMIUM SERVICE has moved to CAD$ and I have my own server with my Word Press host upgraded, not that any of this has been easy to do. My website has been up and down more times than a pair of hookers knickers over the past week. Very frustrating and at times really annoying, I am told it’s all to do with my SSL and my new payment gateway. Hopefully its all fixed now… fingers crossed.

I apologize if you had difficulty navigating my website over these past few days. As mentioned, the upgrades have NOT been without incident and I am still not 100% convinced yet that all things are good.

BTW: - If anyone is looking at Blue Host to host a website, my two pennies on this matter are very simple - do not. Blue Host will not telephone you; they send emails only from no-reply email addresses. Your issues go into a group pot, they are not “completer finishers” because no one owns the issue, and no one has the responsibility. They are NOT sales or account management focused.
Never do what I have done in the past, which is to believe their sales people. Every upgrade has been a disaster. My alleged seamless transition from a cloud based server to a VPS (Virtual Private server), supposedly taking 3 hours resulted in my website breaking and my email database from my address book being lost. After 48 hours they still had their heads so far up their arse’s dealing with crap, they could not offer any resolution, more importantly no apologies and NO understanding of the frustration that this paid upgrade was causing. If that is seamless, it requires a new definition in the Oxford dictionary. My guru Claudia fixed things for them.

Shifting to more pleasant matters…

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

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.

My plans for the short tour of the UK and IRELAND (see chart below with itinerary) are gathering a pace and my power point software skills are being pushed to the limits, never mind the continual refining of the presentation content.

I hope to meet and greet many traders on this trip and I am really excited about the presentations that are scheduled. Please come along if you can and bring friends who you think may be interested in starting to trade the Forex market.

Spaces are limited so to register for an event, please go to my landing page on <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> and click on LIVE EVENTS. The drop down menu there has all the information that you will require. I would place it here but I would end up getting thousand’s of SPAM emails, which I want to avoid.

Please note that because of the TOUR, copies of this blog will have a revised format on the following dates: -
<p style="text-align: center;"><strong>18<sup>th</sup> June 2016</strong>
<strong> 25<sup>th</sup> June 2016</strong>
<strong>2<sup>nd</sup> July 2016</strong></p>
<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png"><img class="aligncenter size-full wp-image-7597" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/04/TOUR-DATES-2016.png" alt="TOUR DATES 2016" width="630" height="397" /></a>

<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 credit card.
<p style="text-align: center;"><u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u></p>
<p style="text-align: center;">Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.</p>
<p style="text-align: center;">PREMIUM SERVICE subscription costs are as follows: -</p>
<p style="text-align: center;">CAD$240.00 - 4 weeks (1 month)
CAD$500.00 - 10 weeks (3 months)
CAD$750.00 - 20 weeks (6 months)</p>
<p style="text-align: center;">CAD$1,250.00 - 40 weeks (12 months)
<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00

I work for 40 weeks or so a year, the annual subscription is based on 40 published blogs of the WEEKLY FX DRIVE THRU. For the remaining 12 weeks of the year, I am usually around tweeting and managing existing LIVE trades.</p>
<p style="text-align: center;"><u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u></p>
<p style="text-align: center;">
NET PIPS THIS MONTH SO FAR:            +786
NET PIPS THIS YEAR SO FAR:                +4,600</p>
<p style="text-align: center;">NET PIPS 2015:       +10,686
NET PIPS 2014:       +11,209</p>
<p style="text-align: center;">(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>

From my perspective last week was all about continued USD strength. There is once again a wish / want / desire to own the USD.

RBNZ:

After Mark Carney (Part-time JCB operative) at the BOE, the RBNZ with governor Graeme Wheeler must be the second most annoying central bank with mixed messages that confuse the crap out of traders.

Not that this has changed, but he is now worried and emphasizing Auckland property prices. Is it just me, or did we not hear the same rhetoric from Glenn Stevens at the RBA a couple of months ago vis-à-vis the Sydney housing issue.

I think 4-6 weeks later the RBA were running to hide under desks on Prozac as the boom / bust / bubble hit home and now we are looking beyond a surprise rate cut that happened this month for at least one more very soon and maybe another before the end of the year.

Is the same going to happen with the RBNZ?

Last Tuesday’s presentation of the stability report which had a hold on rates, was what I can only describe as the most laid back, boring, watching paint dry event Yup it was stable alright, the damn RBNZ team were fecking rigid it was that stable. Nothing against accountants, but you know what I mean; when you get the desk sucking, pen pushing, jotter blotters in charge even the most tea-total observers must be considering at least just one drink of alcohol to get me through?

From a trading perspective of course, not for the first time, Wheeler screwed up my open trades for 36 hours or so.

Overall, the goal with the RBNZ is to send the NZD weaker. I think that you need to be patient with this currency moving forward. I am constantly re-assessing my longer-term objectives with this currency, but I do feel sub. 0.6000 is on before the end of 2016.

BOE:

I basically listened and observed the huff ‘n puff out of Carney. As a precaution, I exited a EUR/GBP trade with +50 pips given that he (Carney) is a misleader of the markets.

What surprised me about the BOE data release was that were no dissenters, all the MPC members voted in harmony. The result of this was a spike, then fall, then spike and then fall again with most GBP related pairs, followed by the return to the range. My fear was for a dissenter amongst the ranks so I closed my EUR/GBP as a precaution…argh!!

I am now looking to re-enter if possible above 0.7900.

U.S. RETAIL SALES and PPi:

Surprisingly good numbers; I was expecting weaker numbers as confidence as spending in the U.S. (the ultimate consumer spending society in the world), I thought may have been hit my higher gas (petrol) prices as WTi has inched higher of late. Apparently not put off, the numbers were really good and have bucked the trend of recent U.S, economic data, which, I would describe as weak.

CORE RETAIL:         Actual 0.8% - Expected 0.6%
RETAIL SALES:        Actual 1.3% - Expected -0.3%
CORE PPi:               Actual 0.1% - Expected 0.1%
PPi:                             Actual 0.2% - Expected 0.3% (slight miss)

Looking back over the week it was the same old same old but the directional move of the USD actually stabilized the markets, some uncertainty was removed as traders appeared to get on board with the fact that the DXY was over sold and that some sort of retracement was required. That may be a rather over simplistic view of matters, but I came from the “keep it simple” school of trading and understanding market fundamentals and correlations.

<strong> </strong>

<strong>WHAT’S BIG ON MY MIND:</strong>
<p style="text-align: center;"><strong>THE BULLY BOYS ARE OUT REGARDING THE BREXIT</strong></p>
As most of you regular readers will know, I am dual citizen, UK and Canada.

Having only lived here in Montreal for about 10 years, I have more friends back in blighty and I keep in touch on a regular basis by SKYPE, FACETIME, email and telephone.

I am constantly being advised that the BREXIT / REMAIN vote will be close. Many friends also tell me, that they hear of people wanting out of the European Union much more so than having conversations talking about staying within the EU.

Is this normal? I am not sure I know what is normal anymore when the likes of the US Presidential race is nothing more than a circus. Basically it is reality TV regurgitated in its worst format for an alleged world leading economy, with the world looking on, it's a farce, in my opinion. To think that the U.S. has the damn nerve to go around the world to non-democratic countries saying “do it the way we do it, it is the best democracy ever”. Are you kidding me? Is that some kind of joke? One thing that is for sure is that the true colours of the U.S. are being shown to all and sundry. Massive uncertainty for the world economic environment lies ahead.

Whether you like what is happening or not, the fact that the GOP (Republican) hierarchy are basically saying to voters vote the way we tell you because you are all ignorant of the facts and stupid, is hardly an example of a democracy. So normal, to me requires a re-definition in the dictionary because what I thought was normal is nothing like it at the moment.

Getting back on track…

I think matters will intensify in the UK moving forward now for a number of reasons.
<ol>
 	<li>TV debates are beginning this week. There are three scheduled on the BBC – 19<sup>th</sup> May, 15<sup>th</sup> June and 21<sup>st</sup>
This by themselves will allow voters the opportunity to see close hand the key points and allow comparisons of viewpoints. Do not expect a Donald Trump spoiled brat approach of he said / she said and he said it first, style of debate. The UK is not Disney for adults.</li>
 	<li>Voices from the EUROZONE are getting louder. I think that the realization that the EZ could take a giant step backwards is scaring the crap out of thinkers (there aren’t many of those in the EUROZONE as we know). The effects inside the EUROZONE would be catastrophic. Anyone who says not…just think about it in a little detail.
SECURITY
CASH…money into the EUROZONE
FINANCIAL MARKETS
STABILITY in EUROPE
TRADE

All of the above are uncertainties for the UK and the EUROZONE. This has NEVER been done before so it’s all a little bit of guesswork.

Whilst referencing the EUROZONE the biggest concern that leaders inside must be worrying about is the CONTAGION effect. If the UK votes BREXIT, will other member states be forced into similar referendums?</li>
 	<li>We are starting to see more extreme claims from both sides vis-à-vis what would happen if a BREXIT would be voted for. Obviously the REMAINS make it look like Armageddon and the BREXITS make it look like a rose garden of limitless opportunity. This attracts media attention and the headline grabbing statements certainly opens up more qualified debate.</li>
 	<li>Like school children MP’s in the UK have lots of holidays. They break from Parliament from the 26<sup>th</sup> May until the 6<sup>th</sup> June and then again from the 15<sup>th</sup> June until the 27<sup>th</sup> These breaks mean that increased focus on the issues will be front and centre as the usual MP day-to-day routines are abandoned.</li>
</ol>
&nbsp;

The REMAINS have called in the big guns like the IMF to lobby on their behalf as well. Some have said it is a little bullying in the approach taken on the basis that wild statements without any supporting data are being thrown at the electorate, such as no follow up on examples of impact.
<ul>
 	<li>House prices will plummet</li>
 	<li>Financial Markets will be in chaos</li>
 	<li>The UK world stage status will change?</li>
 	<li>The impact of a BREXIT is not pretty bad but very bad… the IMF has dire thoughts over this.</li>
</ul>
I can rabbit on here for pages about this subject.

I do love and respect the fact that cross party lines have gone when it comes to the debate. This is true democracy at work and most if not all MP’s in the UK are asking their constituents their thoughts, rather than just trying to be a part of the sound-byte TV agenda that many politicians like to feature in.

The fact that you can have two opposition leaders fighting the same fight on the same sides so passionately is great to watch

Without doubt moving forward news about the BREXIT will intensify and whilst the vote remains tight, the last one I have seen says:
<p style="text-align: center;"><strong>STAY (REMAIN) 46%</strong>
<strong>LEAVE (BREXIT) 43%</strong></p>
I believe that uncertainty will dominate the Forex market as we edge closer to the June 23<sup>rd</sup> voting date. At the end of the day it is all about RISK as we get closer to the referendum date.

It’s about your own RISK appetite. Mine will be quite low; I will NOT be trading the GBP/USD at all. The only trades GBP related I have at the moment are EUR/GBP and GBP/NZD. I do not intend to add further GBP trades other than a GBP/CHF trade which is inverted to the EUR/GBP.

The GBP/NZD is more about the NZD than the GBP. My fundamental views on the New Zealand economy are poor.

The EUR/GBP is a trade based upon the fact that I believe that when a push comes to a shove, the UK will vote to REMAIN. This will sky rocket the GBP/USD and should send the EUR/GBP lower towards 0.7000.

We are now in mid-May about 5 weeks away from the vote. If you are not already thinking about how you will manage the 23<sup>rd</sup> of June from a trading perspective, it will soon be time to do this.

There will be sound-bytes from all over, as every area in the globe has an interest in the outcome. It should be fun moving forward.

<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>THE PREMIUM SERVICE – TRADING REVIEW:</strong>

TRADING REVIEW:

First of all, I want to apologize for the website over the past few days. I think its fixed but I am NOT 100% sure at the moment.

This did deflect me from trading but we did add about 500 pips this week so bring on more deflections!!

Moving forward rather than looking backward, this coming week as the USD continues to recover, I will be keeping a close eye on the DXY. The 38% retracement will be key to see how the USD behaves. I am really hoping for a break up to the 61.8% level.

As mentioned last week, we have a ton of high beta news to deal with over the coming weeks and either one of these could reinforce the DXY move higher or it could completely bollocks the whole move. This will be at the back of mind this week.

I have zero problem, with longer-term POSITION style trading moving forward, that's all about getting the best entry points possible, but the shorter term trades are a wee bit more difficult. I am not going to turn into a 30-minute or less trader, I prefer to swing (so to speak). I think now more than ever we trade accord to core strengths.

I will get the “G” trades out this week. I have them on my desk ready; I am just not 100% on the entry levels yet.

From open trades still in play, I wanted to keep the CHF trades (USD/CHF and EUR/CHF) and some NZD/USD exposure in addition to the POSITION trades.

&nbsp;

SUBSCRIPTIONS:

Pricing options are now in CAD$.

SILVER membership has been removed; being honest, I know a few of you have traded up, but all SILVER memberships really attracted were gamblers, who were time consuming just looking for multiple trades per day.

Frankly I want traders who are interested in the long-term, with steady income requirements that can supplement existing household income by being a part-time trader or those looking to develop a full-time income but being based upon longer-term horizons.

Those of you who sign up, or have signed up for annual subscriptions have been raised to PLATINUM SUBSCRIBERS (the highest level of subscription). The initial benefit of this is that annual subscribers who renew for a further 12 months will receive a discount from the published price option. Currently it is CAD$1,250.00 to initially subscribe for 12 months with renewals for an annual PLATINUM subscriber at CAD$1,000.00.

&nbsp;

CHARTS:

I have been asked to re-introduce any charts that I am looking at for potential trades that could happen early in the week. When I did this a while back, some subscribers were expecting a multitude of trades, which for one reason or another didn't happen. Just because I am looking, does NOT mean that I am buying!

I have added those that are attracting my attention and could possibly become trades of one sort or another moving forward. I am always looking at charts for high probability patterns etc. so this is no hardship for me other than just the saving and uploading disciplines.

&nbsp;

<strong>CHARTS THAT ARE ATTRACTING MY INTEREST:</strong>

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDSEK-D-15052016.png"><img class="aligncenter size-large wp-image-7880" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDSEK-D-15052016-1024x481.png" alt="USDSEK D 15052016" width="1024" height="481" /></a></strong>

<strong> </strong>

<strong><a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDCHF-D-15052016.png"><img class="aligncenter size-large wp-image-7879" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDCHF-D-15052016-1024x481.png" alt="NZDCHF D 15052016" width="1024" height="481" /></a> </strong>

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDCAD-D-15052016.png"><img class="aligncenter size-large wp-image-7878" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDCAD-D-15052016-1024x481.png" alt="NZDCAD D 15052016" width="1024" height="481" /></a></strong>

<strong> </strong>

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EURAUD-D-15052016.png"><img class="aligncenter size-large wp-image-7877" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EURAUD-D-15052016-1024x481.png" alt="EURAUD D 15052016" width="1024" height="481" /></a>

&nbsp;

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/AUDCHF-D-15052016.png"><img class="aligncenter size-large wp-image-7876" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/AUDCHF-D-15052016-1024x481.png" alt="AUDCHF D 15052016" width="1024" height="481" /></a>

&nbsp;

<strong>TRADES REVIEW:</strong>

As requested by a few of you I have re-instated the trade by trade excel summary sheets.

The excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/LIVE-TRADES-15052016.png"><img class="aligncenter size-full wp-image-7867" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/LIVE-TRADES-15052016.png" alt="LIVE TRADES 15052016" width="803" height="590" /></a></strong>

<strong> </strong>

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/LIMIT-ORDERS-15052015.png"><img class="aligncenter size-full wp-image-7866" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/LIMIT-ORDERS-15052015.png" alt="LIMIT ORDERS 15052015" width="671" height="459" /></a>

<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).

&nbsp;

SUNDAY: N/A.

MONDAY: AUD – Monetary Policy Meeting Minutes.

TUESDAY: USD – CPi and Core CPi.
TUESDAY: NZD – GDT (Dairy Auction prices) and PPi.

WEDNESDAY: USD – FOMC Meeting Minutes.
WEDNESDAY: AUD – Employment Data.

THURSDAY: GBP – Retail Sales.

FRIDAY: CAD – Core Retail Sales and Retail Sales.

&nbsp;

<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.

EUR/USD - Weekly Closing Price: 1.1306

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EURUSD-D-15052016.png"><img class="aligncenter size-large wp-image-7870" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/EURUSD-D-15052016-1024x481.png" alt="EURUSD D 15052016" width="1024" height="481" /></a>

GBP/USD - Weekly Closing Price: 1.4362

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/GBPUSD-D-15052016.png"><img class="aligncenter size-large wp-image-7871" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/GBPUSD-D-15052016-1024x481.png" alt="GBPUSD D 15052016" width="1024" height="481" /></a>

AUD/USD - Weekly Closing Price: 0.7267

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/AUDUSD-D-15052016.png"><img class="aligncenter size-large wp-image-7869" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/AUDUSD-D-15052016-1024x481.png" alt="AUDUSD D 15052016" width="1024" height="481" /></a>

NZD/USD - Weekly Closing Price: 0.6770

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDUSD-D-15052016.png"><img class="aligncenter size-large wp-image-7872" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/NZDUSD-D-15052016-1024x481.png" alt="NZDUSD D 15052016" width="1024" height="481" /></a>

USD/CAD - Weekly Closing Price: 1.2932

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDCAD-D-15052016.png"><img class="aligncenter size-large wp-image-7873" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDCAD-D-15052016-1024x481.png" alt="USDCAD D 15052016" width="1024" height="481" /></a>

USD/CHF - Weekly Closing Price: 0.9755

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDCHF-D-15052016.png"><img class="aligncenter size-large wp-image-7874" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDCHF-D-15052016-1024x481.png" alt="USDCHF D 15052016" width="1024" height="481" /></a>

USD/JPY - Weekly Closing Price: 108.64

<u><a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDJPY-D-15052016.png"><img class="aligncenter size-large wp-image-7875" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/05/USDJPY-D-15052016-1024x481.png" alt="USDJPY D 15052016" width="1024" height="481" /></a></u>

<u> </u>

<u> </u>

<u>MY CLOSING THOUGHTS:</u>

We have had some directional trading again courtesy of the USD strength.

This is not the time to get carried away. Last week I mentioned 6/7 high profile events due to occur in the next 60-90 days. Any one of these could stop the DXY in its tracks and force a swift reversal.

We have FOMC minutes this week, which will bring all sorts of numpties onto TV via CNBC and BLOOMBERG. Where these people come from and how much credit you can give to their opinions is debatable. Not one of them is held accountable and the vast majority have no skin the game, as we say.

I have often thought of placing one of my labs (Ozzy or Aoife) on periscope, asking them questions about the FED and the markets in general, and gauging responses based upon a blink of the eye for a “YES” to a specific question should they agree. In all honesty, they could not be any worse than the fruit bats we have on TV at the moment, after all it is just a 50-50 guess!

That aside…

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,

Scott Pickering
The Pip Accumulator

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<h5>DATE: 15<sup>h</sup> May 2016
BLOG REFERENCE: #102 PREMIUM SERVICE SUBSCRIBER VERSION</h5>
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