Oil builds bullish momentum following breakout
Much like gold, this was an interesting week for oil which until Thursday, had struggled to breach the well developed area of resistance that had […]
Market Analysis
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 […]
Gold…..good news for speculators, bad news for investors
It was an interesting week, to say the least, for gold traders and investors, with the former no doubt enjoying the dramatic and volatile moves […]
Another bearish week for silver
Much as for gold, silver futures continued to remain heavily bearish once again last week on the daily chart, as last Monday’s wide spread down […]
A significant move for gold on the daily chart
Gold finally capitulated on Friday, throwing in the towel and breaking dramatically through the key platform of support, which until then had managed to provide […]
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 […]
Is silver signalling the next move for gold?
Despite the lack of any meaningful news, yesterday was another interesting one for metal traders, with both gold and silver offering excellent intra day trading […]
Gold and silver both stuck in a narrow range
For gold and silver traders, it was another week which saw both metals move in a narrow range with the regions clearly defined on the […]
Finally something to cheer about for oil bulls
It’s been an interesting week for crude oil, which finally managed to find some bullish momentum, with only Friday’s close lower just failing to make […]
A key breakout for the USD/CAD on the daily chart
An extremely significant day for the USD/CAD yesterday, which finally ended its extended phase of congestion, a period of price action I have referred to […]
Gold and silver now testing key support levels
Today could be a seminal one for our the celestial metals of gold and silver, as each approach key technical levels on the daily […]
Yes….the big short is still on hold
US equities closed last week’s trading session in bullish mood once again, with all three of the primary indices exhibiting almost identical price and volume […]
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 […]
Short term bearish trend for EUR/AUD continues in early trading
Following yesterday’s statement from the RBA which brought a temporary halt to the recent long term bearish sentiment for the Aussie dollar, the EUR/AUD has […]
Aussie strength reflected in the EUR/AUD following RBA
The focus for forex traders overnight was in Australia with the RBA taking centre stage with its decision on interest rates and associated statement. The […]
A classic trap move on the EUR/USD
With Greece firmly back in the picture, the outlook for the euro remains bearish against the US dollar, and with the recent rally for the […]
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, […]
US stock markets recover and start to build again
It was another roller-coaster ride for US equities last week, with Wednesday’s dramatic move lower on global tensions in the Yemen, reversing at a stroke […]