Forex majors round up as insiders gorge on Monday’s dinner!

As the half time whistle blows on another trading year, it’s time to take a look at four of the major currency futures, as Greece finally defaults and puts us all out of our misery! And if we start with … Continue reading

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Panic – what panic? Not according to gold!

Panic – what panic. Not according to the price of gold and whilst other markets have seen extreme volatility with equities plunging, currency pairs opening gapped down, and the VIX moving violently, gold has continued to remain calm and serene … Continue reading

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Forex round up as Greek tragedy continues

    As the Greek tragedy continues to drag on, it’s perhaps an apposite time to take a tour round the four major futures of the 6A, the 6B, the 6C and the 6E for the September contract, and for … Continue reading

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Euro cross pairs are the better bet!

For euro dollar traders, if the last few months have taught us anything, it is has confirmed once again the euro is not a free floating currency, but merely the organ of political rhetoric and hubris of its lords and … Continue reading

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NQ E-mini leading the way once again

It was another dramatic week for equities with the NQ emini once again leading the pack, returning to test the ceiling of resistance in the 4550 area, which to date has held firm, as the markets now await the outcome … Continue reading

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Dr copper remains in intensive care!

Copper, like many other commodities holds a mirror to the Reuters Jeffries CRB index, which continues to wallow in a sea of bearish sentiment on the daily chart. The rally of earlier in the year, which saw the index climb … Continue reading

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Oil price war continues as OPEC tighten the screw

As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy suppliers in a price war continues. Judging by its recent statements, OPEC is clearly intent … Continue reading

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Round up of the currency majors as USD continues to remain weak

With the US dollar continuing to remain under pressure, despite last week’s positive jobs data, and with various central bank governors adding their weight to the mix, it’s a good time to take a quick look at our four major … Continue reading

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A quartet of commodities approach key levels

A quartet of commodities have all seen identical price action on the day, and are now approaching key levels as a result. For gold bearish momentum is now accelerating as we approach the $1175 per ounce level on rising volume, … Continue reading

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There’s only one game in town for oil traders longer term!

For longer term oil traders, it is perhaps the weekly chart which sums up most concisely the current price action for the commodity, which could best be described as dormant, with the WTI contract for July looking set to trade … Continue reading

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For the true picture check out the NQ E-mini

It’s a nervous time for stock investors as the principal US indices continue to grind their way higher, but on a total lack of conviction at present, along with the constant threat of a sustained move higher in the US … Continue reading

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Even the US dollar fails to spark gold or silver into life

It is perhaps significant, that even today’s tumble in the US dollar, has failed to provide any upwards momentum for either gold or silver, with the former gaining a miserly $4 per ounce whilst for silver it was an even … Continue reading

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Big moves on the USD index, JPY index and EUR index

It’s been another fascinating day on the forex markets with some big moves on the principle indices of the US dollar index, the yen index and the euro index. If we begin with the US dollar index the sharp move … Continue reading

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GBP/USD now testing a key level

With the euphoria of the UK election now just another statistic in the history books, the positive momentum the shock result injected into the British pound has well and truly dissipated over the last two weeks, with the combined effects of … Continue reading

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Copper prices continue to fall and move below key support

The bearish trend for copper continued once again on Friday, with the commodity closing with a wide spread down candle and ending the week at $2.72 per lb and injecting further downside momentum to the move lower. This increase in … Continue reading

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US dollar index remains bullish despite GDP!

It was a strangely quiet end to the week for the US dollar and the dollar index, and despite GDP coming in with a negative 0.7%, and reversing the 0.2% growth figure of last quarter, this was marginally better than … Continue reading

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Oil bears take control once again

It’s been an interesting few days for oil traders as OPEC’s decision and comments to take on the alternative energy market head to head in a price war, is likely to dictate the longer term direction for some time to … Continue reading

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Patience for gold investors – the good days will return!

Whenever I begin to write any analaysis of the gold chart I always do so with a slightly heavy heart, as I am very conscious of the strong emotions the precious metal rightly generates. For many, gold is the ultimate … Continue reading

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