USD bulls remain in control
Bullish momentum continues to remain firmly in play for the US dollar on the longer term weekly chart, following the minor pull back of last […]
Forex Market Analysis
How low can the Euro index go?
The question that everyone is asking right now about the single currency is ‘how low can it go’ and for an answer we need look […]
Rising triangle on the USD index weekly chart delivers
In one of my posts last week where I considered the longer term chart for the US dollar index, I referred to the chart as […]
A picture paints a thousand words on weekly USD index
It’s been said many times before, and indeed in many different fields of endeavour that ‘a picture paints a thousand words’, this sentiment perfectly describes […]
Currency majors pick up bearish momentum after the FED
With the long awaited FED announcement now consigned to history, it’s time to revisit the major currency pairs in the light of yesterday’s more hawkish […]
Where next for the majors as FOMC discord grows
At the start of another week of trading, it’s time to take a spin round the four currency majors of the Aussie, the British pound, […]
Trick or treat from the FED?
As the month of October draws to a close, and with the ghouls and ghosts of Halloween preparing to frighten and alarm in equal measure, […]
US dollar index remains bullish longer term
In the wake of last week’s decision by the FED not to raise interest rates, which has seemingly perplexed a number of market players, now […]
Spot the insider selling in Cable – answers on a postcard!
Cable’s recent revival which was signalled with a two bar reversal off the strong support platform at 1.5163 came to a juddering halt today on […]
Where next for currency majors as new term starts?
As the new autumn term begins for traders, and with the Labor day holiday offering a gentle return to work after the summer recess, it’s […]
Volatility & the euro
So far in this morning’s forex trading session it’s been a case of selling the euro and buying the commodity dollars, with a strong move […]
Sterling boosted by inflation data
This morning’s inflation data most definitely put the spring back into Cable bulls with the pair launching itself off the VPOC (volume point of control) […]
Cable drags down the bulls
One question I’m often asked by new traders which currency pairs they should they start with, and my suggestion has always been to consider Cable, […]
Aussie & kiwi rebound following PBOC decision
Market analysts have offered a number of reasons for the PBOC’s dramatic revaluation of the Yuan, including China’s desire to have the currency added to […]
Aussie & pound continue to hold the spotlight
Before tomorrow’s main event, namely the Non Farm Payroll numbers, we still have some important releases for a number of currencies, with the Aussie once […]
Cable waits for BOE
Cable anticipating BOE by going precisely nowhere! All we can say is 1.5550 region represents strong support & is also where have the 200 ma. […]
Cable may be rangebound, but the cross pairs deliver
Tomorrow sees the release of the Services PMI for the UK where a figure of 58.1 is expected against a previous of 58.5, a small […]
Aussie dollar bounces back on RBA rhetoric
It only took a shift in rhetoric from RBA Gov Glen Stevens to upset the Aussie dollar bears whose best laid plans went sent completely […]