Latest Blog Posts

Third time lucky for oil?

October 16, 2017 Anna 0

Whilst the fundamental landscape for oil remains much the same, with OPEC continuing to maintain supply control for both member and non members alike, the […]

Relief rally for the euro !

October 11, 2017 Anna 0

The recovery and move higher for the euro is being driven by one sentiment. Relief. Relief that for the time being, the Catalan situation has […]

Heads up on the VIX!

October 6, 2017 Anna 0

And so the alarm bells will soon be starting to ring as the VIX continued its stately progress lower yesterday and quietly moved into single […]

USD index ahead of NFP

October 6, 2017 Anna 0

It’s always interesting to check in on the primary currency indices ahead of any major release and even more so when it is Non Farm […]

Forex

Stocks

Only a week ago we were considering VIX at new lows, and despite a spike to 11 following words from NK index has fallen back to 10. Seems traders & investors not yet rattled by threats from NK. ... See MoreSee Less

Only a week ago we were considering VIX at new lows, and despite a spike to 11 following words from NK index has fallen back to 10. Seems traders & investors not yet rattled by threats from NK.

A typical forex trading day for David & I. Our Complete Forex Program is now live and within the program you will find a module dedicated to technical analysis and VPA which can be purchased independently (as can all the modules). The module also includes a comprehensive workbook of over 200 worked VPA examples across all markets and time frames.

youtu.be/YhZZ458Xo_I ... See MoreSee Less

A typical forex trading day with Anna and David Coulling, the founders of Quantum Trading.

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Commodities

Watching hourly chart for gold & the USD index where precious metal is trading just above the VPOC at 1296.46 to the upside and 1289.41 to the downside. And although gold and index correlation has been a bit flaky recently, normal service appears to have resumed. ... See MoreSee Less

Watching hourly chart for gold & the USD index where precious metal is trading just above the VPOC at 1296.46 to the upside and 1289.41 to the downside.  And although gold and index correlation has been a bit flaky recently, normal service appears to have resumed.

Simon Eduerte, Waima Forex Trading and 2 others like this

Commodities tradingAnd they are now both rising in tandem because of sabre rattling from NK.

4 weeks ago

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Recent move higher in oil prices capped at $50.84 per barrel (as per my MT4 daily chart). This is both today's and last Thursday's high for the commodity, but with price support at the 200 ma at $49.81 oil too seems to be waiting on the Wednesday's FOMC and some firm direction for the USD. ... See MoreSee Less

Recent move higher in oil prices capped at $50.84 per barrel (as per my MT4 daily chart). This is both todays and last Thursdays high for the commodity, but with price support at the 200 ma at $49.81 oil too seems to be waiting on the Wednesdays FOMC and some firm direction for the USD.

USD weakness not doing gold any favours at present with the metal likely to move back to test the $1300 per ounce region. However, we do have the 200 ma on the 4 hour chart for the metal so we should see some price support. And from a fundamental perspective this week's FOMC meeting is one to watch to see if the current divergence in USD/gold price action comes to an end or not. ... See MoreSee Less

USD weakness not doing gold any favours at present with the metal likely to move back to test the $1300 per ounce region. However, we do have the 200 ma on the 4 hour chart for the metal so we should see some price support. And from a fundamental perspective this weeks FOMC meeting is one to watch to see if the current divergence in USD/gold price action comes to an end or not.

No surprise to see gold gap up after this weekend's show from NK, but we need to wait until all markets reopen tomorrow to see if $1340 is achievable. ... See MoreSee Less

No surprise to see gold gap up after this weekends show from NK, but we need to wait until all markets reopen tomorrow to see if $1340 is achievable.

Taders always get very excited a when gold reaches a psychological level & today's move above 1300.00 per ounce is no exception. As we can see from the daily chart taken from the XAU/USD contract on MT4 the precious metal has been in a well defined price channel since March this year, bouncing between the $1200 region (another important price point) and today's price. Today's push is part of the break away from the volume point of control at 1261. But any further moves to the upside will require a degree of effort as the daily chart has a number of congestion zones stretching back to 2013, and of course we do need to watch the USD. Nevertheless a very positive day for gold bugs. ... See MoreSee Less

Taders always get very excited a when gold reaches a psychological level & todays move above 1300.00 per ounce is no exception. As we can see from the daily chart taken from the XAU/USD contract on MT4 the precious metal has been in a well defined price channel since March this year, bouncing between the $1200 region (another important price point) and todays price. Todays push is part of the break away from the volume point of control at 1261. But any further moves to the upside will require a degree of effort as the daily chart has a number of congestion zones stretching back to 2013, and of course we do need to watch the USD. Nevertheless a very positive day for gold bugs.

Quantum Trading

Some respite to selling of kiwi, but heatmap shows pairs are still heavily bearish. ... See MoreSee Less

Some respite to selling of kiwi, but heatmap shows pairs are still heavily bearish.

GBP finding some price support & buyers after recent strong sell off. 4hr currency strength indicator highlighting the reversal in sentiment for the currency. ... See MoreSee Less

GBP finding some price support & buyers after recent strong sell off. 4hr currency strength indicator highlighting the reversal in sentiment for the currency.

Oluwa Kemi, Gianni Cadore and 2 others like this

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GBP/JPY has finally broken out today and started to move away from last week's congestion phase on the daily chart. The currency strength indicator has been sending a strong signal for some time, and today has seen the initial move lower, helped by weak economic data. The pair look set for a move towards the VPOC in the 146 area. ... See MoreSee Less

GBP/JPY has finally broken out today and started to move away from last weeks congestion phase on the daily chart. The currency strength indicator has been sending a strong signal for some time, and today has seen the initial move lower, helped by weak economic data. The pair look set for a move towards the VPOC in the 146 area.

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