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
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 […]
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 […]
Where next for the USD, EUR and JPY ?
At the start of another trading week is perhaps a good time to take a look at the principle currency indices, and in particular those […]
A double whammy for oil
The short term rally for crude oil came to a shuddering halt this evening, as two items of fundamental news helped to push the commodity […]
Crude oil remains heavily bearish with oil inventories coming!
Both the technical and fundamental picture for oil continue to remain heavily bearish, and even the short term effects of the problems in the Yemen, […]
Oil remains under pressure on all sides
From a technical perspective, last week was a seminal one for crude oil with the commodity finally breaching the platform of support in the $48 […]
A significant time for the EUR/USD
Last week’s price action for the eurodollar was significant for several reasons. First, and perhaps most importantly, the congestion phase which began in late January, […]
USD on the march towards 100
An interesting morning for traders so far, with the London session well under way, and what is perhaps revealing is the continued rise in the […]
Aussie dollar battered and bruised – but still fighting!
For the AUD/USD, along with many of the other currency majors, February has been characterized as a pause period on the longer term charts, as […]
All good things come to an end …. for the USD index
As forex traders it is often too easy to forget that even the strongest trends come to an end, or pause in their longer term […]
USD index continues to build bullish momentum
For the US dollar, 2014 was most definitely a game of two halves, with the first seeing the currency meander in a tight range as […]
The US dollar rules – OK!
Difficult to believe that until recently the US dollar was being written off by all and sundry, with some even suggesting that its days as […]
My latest currency forecasts – watch out for Sunday!
If you missed my forex training room this week, or any of my latest analysis, you can catch up with my forecasts for the currency […]
Dollar bull set to stampede the markets
Earlier this year the forex story was to be the long delayed rally for the US dollar, and as I outlined in a post some […]