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 […]
Trading education
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 […]
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 […]
Silver picking up bearish momentum
In all the media coverage about gold silver is often its forgotten cousin, and yet just like the precious metal, silver too has been battling […]
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 […]
Natural gas breaking down
Whilst fundamentals and weather play a huge role in driving the price action for natural gas, the technical picture is now increasingly taking centre stage […]
All hands to the pump failing to keep oil afloat
In viewing the daily chart for oil, several analogies come to mind, and perhaps the best and most descriptive is of an old tramp steamer, […]
Testing times for US equity markets
It’s a testing time for US equity markets in every sense of the word with the principal indices of the YM, the NQ and the […]
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, […]
Simply a market correction for US indices
Friday’s significant sell off in US equities came as no great surprise and indeed in my post of last week, I suggested that this would […]
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 […]