GBP/USD now testing a key level
With the euphoria of the UK election now just another statistic in the history books, the positive momentum the shock result injected into the British […]
Forex Market Analysis
Copper prices continue to fall and move below key support
The bearish trend for copper continued once again on Friday, with the commodity closing with a wide spread down candle and ending the week at […]
US dollar index remains bullish despite GDP!
It was a strangely quiet end to the week for the US dollar and the dollar index, and despite GDP coming in with a negative […]
Patience for gold investors – the good days will return!
Whenever I begin to write any analaysis of the gold chart I always do so with a slightly heavy heart, as I am very conscious […]
USD/JPY finally breaks out in all timeframes!
For longer term USD/JPY trend traders, the last few weeks have been ones where patience, patience and yet more patience have been the key as […]
US dollar surges higher as bullish momentum returns
Friday’s speech from Fed chair Janet Yellan rounded off a seminal week for the markets, with the US dollar bulls returning in force as her comments […]
Signals were there on the CAD/USD daily chart
The recent rally for the CAD/USD which has seen the futures contract rally from the lows of late March in the 0.7820 region, to the […]
Copper and base metals falls on strong USD and weak Chinese data
Copper, along with several of the other principal base metals fell sharply this week as a resurgent US dollar drove many commodities lower, with both […]
US dollar index gains as euro index looks weak
It’s been an interesting week for US dollar bears, as the currency of first reserve bounced back strongly, surging higher on Tuesday and Wednesday ahead […]
US dollar finds some love at last
Last week was once again a bearish time for the US dollar which continued the longer term negative sentiment on the daily USDX chart, with […]
Some good news for gold bugs at last!
Last week was a positive one for both gold traders and investors, in spite of the longer term outlook for the precious metal still looking […]
USD index, EUR index and JPY index all testing key levels
From a technical perspective, yesterday was another important one for the US dollar index on the daily chart, with the currency of first reserve weakening […]
US dollar index continues to consolidate
Last Friday’s non farm payroll almost came and went with a whimper, and whilst the headline number was in line with expectation, and certainly an […]
A day is a long time in politics … and for the GBP/USD!
They say a week is a long time in politics, but given the events of the past 24 hours perhaps we can now say […]
USDX at key tipping point this week
After the big fight at the weekend, the focus has shifted from Las Vegas back to Wall Street where the heavyweight contenders are now taking […]
An exciting week ahead for traders in the GBP
Much as expected the recent bullish trend for Cable came to a shuddering halt on Friday, with the GBP/USD selling off sharply and wiping out […]
Aussie Aussie Aussie – go go go
Much like the Australian cricket team who continue to dominate on the pitch, in the world of currencies it is the Australian dollar which has […]
Resistance continues to build for crude oil advance
For long term oil traders it’s been another week where patience will be rewarded in due course, as the commodity continues to test the $58.50 […]