Silver now at the tipping point

The technical picture for silver continues to remain extremely bearish following the weak rally of late February, which saw the metal run into resistance in the $16.80 per ounce area, before picking up the downwards momentum once again.The question now … Continue reading

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NQ emini and the VIX – working in tandem

It’s been an interesting start to the week for indices once again, and as I mentioned in my analysis on Monday, the parabolic price action of the NQ in particular, is suggesting a market that is exhausted, whilst desperately trying … Continue reading

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Silver and gold both approaching key technical levels

With equity markets continuing to maintain their bullish tone, albeit in a rather muted phase of price action at present, the outlook for gold, and its sister metal, silver, remain firmly weak, both in the short and longer term. For … Continue reading

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Art and finance combine on the NQ emini daily chart

There are times when price action and art become close bedfellows, and this is certainly true of the daily chart for all the principal US indices at present, but perhaps the most descriptive of all is the NQ emini which … Continue reading

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EUR/USD awakes from its slumbers

For longer term euro dollar traders, it’s been a time to watch, wait and be patient, which is exactly what we said in yesterday morning’s forex session where we considered the structure of the daily EUR/USD chart. It was clear … Continue reading

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Volume spike on the NZD/USD explained

Question Hi Anna, I have been studying your VPA methods extensively for the past several months. I must say it is very eye opening. I re-read your book 3 times and every time I pick up something new. I am … Continue reading

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Oil picks up bearish momentum…again

Much as expected, the recent ‘rally’ for oil has been short lived, and as rumour and speculation swirl around the markets, with OPEC meetings first on, then off, and with Nigeria voicing its discontent with the current inactivity, the price … Continue reading

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EUR/AUD delivers another great trade

For those of you who came along to the forex trading room yesterday, the trade of the session was the EUR/AUD which reversed off the highs of 1.4725 on the 15 min chart and move steadily lower delivering some good … Continue reading

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Silver ties investors in knots

Where gold goes, silver is never far behind, and with the halcyon days of $50 per ounce for silver and almost $2000 per ounce for gold, investors in metals must wondering where it all went wrong. And from a technical … Continue reading

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Grab the darts and dartboard – its time for the weekly oil invetories

There are some occasions when one has to ask who produces the forecasts which are part and parcel of the fundamental news releases which are published on the daily economic calendars, and which set of darts and dartboard was being … Continue reading

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The trap door is opening for gold

With the gold bears firmly back in charge of the precious metal, there are some tough times ahead for gold investors over the next few months, and perhaps the next few years. It’s one of the curiosities of trading and … Continue reading

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VIX alarm bells are quiet….. for now!!

With US equity markets closed for the annual President’s day holiday, it is perhaps appropriate to consider the daily chart for the VIX, the fear index, which has been working overtime in the last few weeks, flashing its regular warning … Continue reading

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Aussie dollar battered and bruised – but still fighting!

For the AUD/USD, along with many of the other currency majors, February has been characterized as a pause period on the longer term charts, as the US dollar finally reaches an exhaustion point following the dramatic gains of the last … Continue reading

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All good things come to an end …. for the USD index

As forex traders it is often too easy to forget that even the strongest trends come to an end, or pause in their longer term journey, and at such times, it is also easy to simply continue taking positions in … Continue reading

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NQ leading markets higher

Of the three e-emini contracts we follow, the YM, ES and NQ, it is the daily chart of the NQ which is the most significant for a number of reasons. First the NQ has been the most positive of this … Continue reading

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Cable in focus as we await BOE

Market focus this morning returns to the more mundane, namely the BOE inflation report and press conference with Gov Mark Carney, and it will be interesting to see whether Cable can continue to build on its recent platform of support … Continue reading

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It’s a MAD MAD world!

If we could capture the noise of the markets today it would reverberate to the sound of rattles. Rattles being hurled from both the Greek and Eurogroup prams, and the rattle of sabres from Russia. And in the absence of … Continue reading

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Great news for gold traders – not good news for gold investors!

Regular readers of my market analysis will know that I have been bearish on gold for some time, and despite the recent bullish trend which has seen gold move from the lows of $1170 per ounce to the high of … Continue reading

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