Where next for the US dollar?
Following continued bullish momentum for many of the major currency pairs, these are now approaching key technical levels, which if breached could prove to be […]
Forex Market Analysis
Patience is the key with the USD/JPY
If the end of 2013 for the USD/JPY could be described as dramatic, the start of 2014 could be summed up as ‘after the Lord […]
Prepare for a bullish breakout in the GBP/JPY and GBP/USD
Following a sustained period of sideways consolidation over the last two weeks, the GBP/JPY appears to be preparing for a further test of the 173 […]
Tough times for EUR/USD forex traders
It’s been a tough couple of weeks for eurodollar traders, with the pair trading in a congested range, testing the 1.3780 floor to the downside […]
Cable preparing to test 1,6800 once more
The last few days have once again seen Cable test the 1.6800 region, only to fail and reverse once more, with the June futures contract […]
Bullish momentum for the AUD/USD continues
The Aussie dollar continued to build on the bullish momentum of the last few weeks, with the June futures contract closing the session with a […]
Forex round up as London gets underway
On a slow news day, with only Construction PMI on the horizon in the UK, Ukraine will continue to dominate. Overnight focus was indeed on […]
The growling bears retreat into the woods!
Looks like the markets just about managed to avoid a mauling by the bears, who have now temporarily retreated to lick their wounds! As mentioned […]
Is the GBP/CAD now running out of steam following weak UK data
This morning’s sharp sell off in the British Pound following poorer than expected PMI was almost universal and reflected not only in the majors and […]
EUR/USD maintains a bearish tone following flash CPI data
Many traders will know the eurodollar can be one of the trickiest pairs to trade, and for evidence of this we only have to consider […]
EUR/USD prepares for further move higher
If equity bears are having a tough time at present, euro bears have had a torrid time over the last few years, with each move […]
Now the focus is on the US dollar
Ahead of Janet Yellen becoming FED chair focus has turned to the USD dollar and whether it is now set for a period of sustained […]
Welcome to another trading year!
First of all, a very Happy New Year and may I wish you all a bright, joyful and very profitable 2014. As I have been […]
With the FED roadmap now in place – ‘normal service’ can be resumed!
With markets having been given a more or less clear roadmap for the future of QE, and so removing a degree of uncertainty, it now […]
More patience required on the USD/JPY
The USD/JPY on both the daily and the weekly chart, was what I referred to as the ‘patience trade’, a concept that we all struggle […]
Gold futures trading lower on Globex
These are unhappy times for gold bugs as the precious metal continues to struggle, with each rally higher failing to gather any momentum, before collapsing […]
Euro bears reeling, but preparing for more punishment!
Trading with an opinion is perhaps one of the most dangerous traits of financial speculation, and yet it is one that we see time and […]
And the euro survives for another year!
As we come to the end of another trading year many forex traders will be wondering where the most heavily traded pair, namely the eurodollar […]