Gold prices hesitant
The unholy trinity of fundamental events which traders have had to face this week, namely the Italian elections, the Ben Bernanke 2 day testimony ends […]
2013
USDJPY pulls back sharply
The sell off in the usdjpy was just a further expression of the market’s extreme over-reaction to the Italian election which saw the anti-establishment 5 […]
Minor respite for Cable
An interesting day for cable yesterday which initially opened the trading session gapped down, following Friday’s downgrade, before ending the session as a relatively wide […]
Little respite for Cable
Friday’s not unexpected downgrade for Sterling simply gave gbpusd bears another excuse to drive the pair lower. The news came late on Friday night […]
Dow Jones futures analysis
Equity bulls returned to the market on Friday and helped to drive the Dow Jones futures YM March contract higher once again testing the psychological […]
Gold price slide halted
In a trading week dominated by politics in the shape of the US budget sequester on 1st March, testimony from Fed Chairman Ben Bernanke and […]
USD index back in congestion
Despite having peeked over the strong resistance at 81.60 area, the dollar index has failed to follow through in today’s trading session, reversing sharply lower […]
GBPJPY looking to turn lower
The daily chart for the gbpjpy, like several other Yen cross pairs, is at an interesting technical point. Since early February the pair has been […]
Silver at key price point
At the end of another lively trading week silver futures continue to remain heavily bearish on the weekly chart, despite a modest recovery in Thursday’s […]
Dollar index building momentum to the upside
Yesterday’s price action on the US Dollar index was highly significant with the price once again testing the key resistance at 81.60, which defines the […]
Lloyds now looking to test resistance at 63
Something a bit different for this post. I was asked to comment on the current share price for Lloyds Bank plc. Lloyds is a UK […]
Eurodollar sharply lower
Before moving to an analysis of the price action in today’s trading session for the eurodollar, which has so far seen the pair move sharply […]
Dow jones futures analysis 21 Feb 2013
If ever evidence were needed that equity markets have been over extended and struggling to break higher we need look no further than the YM […]
Sharp sell off in oil following FED minutes
Crude oil futures was another commodity which sold off sharply yesterday, largely driven by dollar strength with the March contract ending the session with a […]
Silver chart analysis 21 Feb 2013
Silver futures too continue to move sharply lower, aided and abetted by yesterday’s release of the FOMC minutes which the market has interpreted as being […]
Gold futures still bearish
April gold futures finally broke below the $1600 per ounce level this week, touching an intra day low of $1558, before recovering to end the […]
USD breaks key resistance point
A very quick update on the USD Index which in this morning’s trading has managed to break through 81.50, which defines the upper range of […]
Eurodollar continues to be mildly bullish
The eurodollar continued to trade in a narrow range yesterday, ending the session with a narrow spread up bar before closing at 1.3388, as […]