Patience…patience for the Aussie dollar
For any longer term trend traders across the primary majors, these are testing times, not testing from a trading perspective, but testing one of the […]
October 2016
Oil demand likely to fall in 2017 as prices struggle
Crude oil, like many other commodities and markets are present, continues to remain rangebound with the bullish momentum of earlier in the month now waning. […]
US dollar index now approaching key levels on weekly chart
Ahead of Friday’s advance GDP for the US markets, its time to take a longer term look at the US dollar index from a technical […]
The EUR/USD may be finding some support
It’s been another lacklustre week for the euro dollar as bearish sentiment continues to weigh heavily on the pair following the firm breakaway from the […]
Gold and silver regroup but remain bearish
Last week was one of consolidation and regrouping for both gold and silver, following the calamitous falls of the previous week which finally injected some […]
JPY/USD and yen index reflect risk on sentiment
The December contract for the 6J yen/usd on the daily chart is once again testing a key level in early trading, with yen weakness prevailing […]
Base metals and copper hit by weak Chinese data
The rally for copper finally came to an abrupt halt yesterday as weak economic trade data news from China dealt the base metal a mortal […]
British pound in the firing line…again
As forex markets get underway in the London session, the British pound is once again in the firing line as relentless downwards pressure drives the […]
Bullish oil comes to a halt on profit taking
Following the recent bullish trend higher, oil prices closed off the four month high on Friday as fundamental issues continue to weigh heavily, coupled with […]
A torrid week for silver
Last week was a torrid time for the precious metals, with both gold and silver breaking through key support levels above, and as a consequence turning […]
The dollar, yen and euro stir from their slumbers
Ahead of NFP tomorrow, all the major currencies appear to have awoken from their slumbers with the US dollar, the Japanese yen and the euro […]
Where gold goes…silver follows
The savage reaction in gold yesterday surprised even me, and following my gold post of yesterday morning, I thought it would be apposite to follow […]
Copper runs out of steam
Whilst the precious metals collapsed and turned heavily bearish, copper too is having its own battles to maintain the bullish trend of the last few […]
Gold trading lower and now testing key level…..again
The metronomic price action for gold is continuing to play out once again on the daily chart, with the rally of late September starting to […]
OPEC gives crude oil a boost
Crude oil managed to find some bullish momentum last week largely as a follow through to the OPEC meeting which announced it would be cutting […]
VIX continues to test support as the NQ leads
Last week was another where the strong platform of support below the 12 region for the VIX remained unbroken as the index closed at 13.29 […]