A great trading lesson on the GBP/JPY
The daily chart for the GBP/JPY is perhaps one of the most interesting at present as it highlights several trading related issues which apply to […]
Forex Market Analysis
Euro aussie building bullish momentum
The strongly bullish sentiment we have seen over the past few days for the euro has been strongly mirrored in its cross pairs and in […]
Where next for the yen index?
For many of the yen pairs last week was one of volatile price action, with sentiment swinging from risk on, to risk off and back […]
Yen in focus as risk off sentiment continues
The Japanese yen remains firmly in focus this morning as fears of contagion concerning the Turkish lira continue to dominate the markets, with significant gapped […]
Eurodollar now testing key support
The weekly chart for the EUR/USD is another that is now developing an interesting pattern and moving to test a key level of support that […]
Risk reflected on the currency array
The current risk on sentiment in early trading is clearly in evidence on the currency array indicator for NinjaTrader as we focus on the yen […]
A trio of indices for currency traders
The three key currency indices of the dollar the yen and the euro have all signalled significant changes in market sentiment and momentum on the […]
Some data to consider ahead of the FED
Ahead of tomorrow’s FOMC some thoughts and data as to whether we can expect any shift from the consensus view expressed in the CME FED […]
Strong support for euro ahead of ECB
Ahead of Thursday’s ECB market the currency pair in focus will, of course, be the eurodollar which has been feeling the effect of recent positive […]
DXY once again at key levels
As I have written on several occasions a key level for the USD index has been the 90 price point, around which the index has […]
Ahead of the FED DXY still looking for direction
Ahead of today’s CPI release for the US and FED minutes I just wanted to take a quick look at the DXY and suggest some […]
AUD/CHF reflects market uncertainty
For a Monday it’s been remarkably lively and I wanted to find a chart that not only reflected this, but also captured the indecision and […]
Where next for the oversold and overbought currency pairs?
It never ceases to amaze me the extent to which markets can stay overbought and oversold, and this is one of the reasons why David […]
Cable pulls back on BOE minutes
Just a quick catch up with what has been happening with Cable following the FOMC and the BOE earlier today, and all we can say […]
Cable waits on FOMC & BOE
An important week of fundamental data for the British pound kicked off with some Brexit news, and the outline of what is likely to happen […]
Bearish tone continues for eurodollar
Just a quick follow up to my recent eurodollar post where I highlighted that a confluence of technical signals on the daily chart were likely […]
Eurodollar struggles at three key levels
Although Mario Draghi is not retiring as head of the ECB until next year his comments today about the pace of interest rate rises have […]
USD still struggling at key 90 level
Despite last month’s rally the USD continues to have problems pulling away from the key 90 price point, as traders and investors now look to […]