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Waiting for the NFP

November 3, 2017 Anna 0

Just waiting for the last of our trio of USD events, and as mentioned in my last post FOMC was indeed the non-event many suspected […]

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 […]

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.

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Commodities

Today's weaker USD giving both oil and gold a bit of a boost, with oil in particular responding strongly since taking out the key $52 per barrel resistance region. ... 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. ... 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.

2 months 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.

Quantum Trading

Looking at this week's heatmap with the CSI & the extent to which NZD most beaten down of the currencies we track. Good news is that at some point kiwi will turn so providing a good reversal trade opportunity. ... See MoreSee Less

Looking at this weeks heatmap with the CSI & the extent to which NZD most beaten down of the currencies we track. Good news is that at some point kiwi will turn so providing a good reversal trade opportunity.

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.

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