Euro dollar pair in congestion on EUR/USD daily chart
The EUR/USD pair closed the week at 1.2952, having failed to breach the psychological 1.3000 price level which is now being tested once again following […]
dollar index
Expect further weakness on the daily US dollar index chart
This week, was of course, dominated by one item of news, which was the much heralded announcement by the Federal Reserve on Thursday of a […]
US dollar index remains bearish on the daily chart
The December US dollar index futures contract plunged lower once again in yesterday’s futures trading session, closing the day below the psychological 80 region, and […]
Money Show video – why the forex market is so important
A few weeks ago I was invited by the Money Show to present a 45 minute webinar on a topic of my choice concerning trading […]
Market forecast following statements from Draghi and Bernanke
The last seven days have seen the financial markets dominated by two key items of fundamental news. The first from Fed Chairman Ben Bernanke in his annual […]
Euro Still On Life Support!
The CFTC data is still showing the non-commercials, ie speculators, are still heavily net short the euro. In fact, as of last Friday net shorts […]
Bossi Italian Women & the Euro!!
I’m often asked why Italy is in such deep trouble given its reputation for design across all types of products – from clothes and furniture […]
Anatomy of A EUR USD Trade
Monday is often a difficult day for forex trading, usually because there is little fundamental news & everyone is still recovering from the weekend! However, […]
Market Roundup
Last week was a very difficult trading week as all the capital markets lurched first one way then the other under the mounting pressure of […]
Eurodollar Analysis
Following several weeks of sideways consolidation the euro dollar is now approaching an interesting point on the daily chart. The price action of the last […]
Crisis, What Crisis??
Traders arrived at their desks this morning to find that the risk of a debt default by the US has been averted at the 11th […]
The dollar index at key technical levels
Over the last few weeks the USD index has continued to consolidate in a relatively range, but one with an ever increasing bullish bias, as […]
Euro Update
Difficult to believe but it is just over a year ago that Greece received its initial bailout package which saw the EU and the IMF […]
Gold Forming Strong Pennant on Daily Chart
Much like the ripples in a pond commodity prices have calmed following their sudden, volatile sell off a couple of weeks ago, and whilst many […]
Soap Opera & Bubbles
While the financial media (and general media) has been focusing on the IMF and the Greek debt crisis, markets are still readjusting to the recent […]
Eurodollar Update
After last week’s carnage in the commodity market the plight of the euro is once again centre stage as weekend rumours that Greece was looking […]
Silver Analysis
Since my post on Tuesday warning of an imminent reversal in the spot gold price following the various signals, not least the long leg doji […]
Gold & Silver Profit from S&P Warning to US
Yesterday’s credit rating cut on US sovereign debt from “stable” to “negative” by Standard & Poor’s caused shockwaves throughout the markets which had already been […]