Pound Dollar Bounces Back
Sterling’s recent rally against the dollar certainly petered out with a bang yesterday, following release of dreadful UK gdp figures which came in at -0.5% […]
Forex Market Analysis
Tech Levels for the Majors
In anticipation of the tsunami of fundamental news which starts overnight in Japan here is a quick technical round up for the majors: USDJPY The […]
A Pivotal Week Ahead
A busy week ahead with the big beasts of the market jungle coming out and a slew of level one fundamental releases also due for […]
Sterling Rally Petering Out
An interesting article in the FT suggesting that the forex market’s current love affair with sterling may be overdone prompted me to look at bit […]
Market Sentiment & Round Up
Market mood, at least in equities and commodities, has turned a little sour this morning following release of key Chinese data overnight. The releases included […]
Today’s Market Mood & Sentiment
Blue skies and sunshine in London this morning reflected the mood in global markets which saw overnight gains for all Asian indices: the Nikkei, Australia, […]
Euro Dollar Dormant (at least for now)
Warning – do not attempt to trade at the euro dollar at the moment. There is a strong pennant formation across most all time frames, […]
When Doing Nothing is Actually Doing Something
Trading this afternoon can best be described as desultory with the US closed & eurozone ministers in purdah, but it provides a valuable lesson and […]
Monday Blues for Euro
Today is Blue Monday and considered to be the most depressing day of the year which could explain why the Asian trading session was so […]
Euro Bears Can Take Heart
If there is one book all traders and investors should read it is: This Time is Different : Eight Centuries of Financial Folly by Kenneth […]
Euro Bears Toasted!
Jean Claude Trichet’s hawkish statement yesterday concerning interest rates surprised the forex market, prompting a surge in the euro which gained over 300 pips against […]
Euro Continues Higher
So there we are, panic over once again as successful bond auctions in both Spain and Italy have eased investor fears resulting in further euro […]
Aussie Rallies As Risk Appetite Returns
The Portuguese bond auction and relief that Belgium has pulled back from the brink by posting better than expected deficit figures, has relieved the market […]
Canadian Dollar Continues to Look Strong
While most traders were busy watching the results of the Portuguese bond auction this morning, my focus was on the Canadian Dollar which I have […]
Euro Defies Gravity!
The overnight trading session for the euro dollar was interesting for a number of reasons: first the pair had been trying to form an interim […]
Loonie remains out of step with US dollar – why?
One of the conundrums facing us all as currency traders, is in trying to make sense of the underlying forces which cause one currency to […]
Euro looks set to remain under pressure
Last week was a bad one for the euro, but an excellent one if you were short on the euro dollar, which finally broke below […]
Forex market forecast for the major currency pairs
With the holiday season now behind us at last ( thank goodness ) the markets are finally returning to some sort of normality, as the […]