USD suffers from US tax reform jitters
At the start of the last trading week for 2017 last Friday’s positive sentiment for the USD appears to have evaporated, as our USD index […]
2017
Two bar reversal delivers on Aussie cross pairs
One of my favourite candle patterns when trading forex is a pattern that occurs and recurs on all time frames, and it is the two […]
Brexit talks halt rise in 6B
As spot forex traders we often neglect to consider the futures market for a view on market sentiment, which is a great shame because often […]
Euro commodity crosses at key levels
Of our three euro commodity cross pairs, namely eur/aud, eur/nzd and eur/cad, it is the weekly chart for these pairs that is the most interesting, […]
Gold failing to capitalize on weaker USD
The recent fall in the USD should have given gold traders and investors cause to celebrate given its strong inverse relationship with the precious metal, […]
Oil pauses ahead of next OPEC meeting
Over supply in the oil market continues to dominate the longer term picture, and despite the recent rally in crude oil, statements from Saudi Arabia’s […]
Euro surge higher assisted by market mauling of AUD & NZD
Price action on our complex of euro pairs has seen the single currency move strongly higher, particularly against the Aussie and Kiwi where the surge […]
AUD/NZD – an interesting cross
We only have two central banks in play this week, namely the RBA and the RBNZ, and with their respective Governors both keen on wanting […]
Waiting for the NFP
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 […]
Risk off as market waits for BOJ
Today’s risk off sentiment has been clearly reflected in the the Yen complex with the commodity pairs and USD/JPY falling the most, and only the […]
Triple witching for the USD!
In a week where one trading month ends and another begins, it makes sense to consider where the major currencies may be heading into from both […]
Third time lucky for oil?
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 […]
Dizzying heights for the YM e-mini
For nervous investors with a fear of heights, the words of Jesse Livermore echo through the trading ages, as he exhorted fellow traders that a […]
Where next for the USD after the FOMC minutes?
With the FOMC minutes due for release later today it’s time to focus once again on the USD index on the daily timeframe. And in […]
Relief rally for the euro !
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 […]
NZD/USD remains under pressure
The NZD/USD has picked up the bearish tone once again overnight and into the London session as two primary forces continue to pressure the pair […]
Cable remains bearish despite bounce
The recent euphoria for the British pound driven by hawkish commentary and statements from BOE governor Carney has all but dissipated, and like the proverbial […]
Heads up on the VIX!
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 […]