USD index remains weak
The hammer candle of two weeks ago on the dollar index chart, duly delivered the expected bounce for the dollar, which closed Friday’s trading session […]
Forex Market Analysis
US dollar forecast for this week
An interesting week for the US dollar, which finally managed to find some traction on Thursday and Friday, bringing a temporary halt to the long […]
Eurodollar Analysis
A seminal day for the euro vs dollar yesterday which finally managed to breach the 61.8 fib retrace level of the Nov 4 2010 high […]
Euro vs Dollar Still At Critical Tech Level
Turbulence in Egypt is causing a variety of reactions across all markets which taken with the technical picture of the charts is likely to wrong […]
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% […]
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 […]