A great trading lesson on the GBP/JPY
The daily chart for the GBP/JPY is perhaps one of the most interesting at present as it highlights several trading related issues which apply to […]
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Some data to consider ahead of the FED
Ahead of tomorrow’s FOMC some thoughts and data as to whether we can expect any shift from the consensus view expressed in the CME FED […]
DXY once again at key levels
As I have written on several occasions a key level for the USD index has been the 90 price point, around which the index has […]
AUD/CHF reflects market uncertainty
For a Monday it’s been remarkably lively and I wanted to find a chart that not only reflected this, but also captured the indecision and […]
Cable pulls back on BOE minutes
Just a quick catch up with what has been happening with Cable following the FOMC and the BOE earlier today, and all we can say […]
Cable waits on FOMC & BOE
An important week of fundamental data for the British pound kicked off with some Brexit news, and the outline of what is likely to happen […]
USD still struggling at key 90 level
Despite last month’s rally the USD continues to have problems pulling away from the key 90 price point, as traders and investors now look to […]
First significant pause in YM
Today’s price action in the YM (e-emini future for the Dow Jones) looks to be closing with a shooting star candle on very high volume, […]
Political factors for the euro and Canadian dollar
Of the currency major pairs eur/usd and usd/cad are probably the most interesting as both the euro and Canadian dollar are being driven higher, not […]
USD slide pauses
Recent sharp falls in the USD appear to have paused with the currency of first reserve now finding some support at the 90 price region […]
Gold pauses on USD strength
The current heavy focus on cryptocurrencies has meant less of a spotlight on gold, which has been staging an impressive rally since mid December, and […]
USD suffers from US tax reform jitters
At the start of the last trading week for 2017 last Friday’s positive sentiment for the USD appears to have evaporated, as our USD index […]
Two bar reversal delivers on Aussie cross pairs
One of my favourite candle patterns when trading forex is a pattern that occurs and recurs on all time frames, and it is the two […]
Euro commodity crosses at key levels
Of our three euro commodity cross pairs, namely eur/aud, eur/nzd and eur/cad, it is the weekly chart for these pairs that is the most interesting, […]
Euro surge higher assisted by market mauling of AUD & NZD
Price action on our complex of euro pairs has seen the single currency move strongly higher, particularly against the Aussie and Kiwi where the surge […]
AUD/NZD – an interesting cross
We only have two central banks in play this week, namely the RBA and the RBNZ, and with their respective Governors both keen on wanting […]
Waiting for the NFP
Just waiting for the last of our trio of USD events, and as mentioned in my last post FOMC was indeed the non-event many suspected […]
Triple witching for the USD!
In a week where one trading month ends and another begins, it makes sense to consider where the major currencies may be heading into from both […]