Oil picks up bearish momentum…again
Much as expected, the recent ‘rally’ for oil has been short lived, and as rumour and speculation swirl around the markets, with OPEC meetings first […]
2015
EUR/AUD delivers another great trade
For those of you who came along to the forex trading room yesterday, the trade of the session was the EUR/AUD which reversed off the […]
Silver ties investors in knots
Where gold goes, silver is never far behind, and with the halcyon days of $50 per ounce for silver and almost $2000 per ounce for […]
Grab the darts and dartboard – its time for the weekly oil invetories
There are some occasions when one has to ask who produces the forecasts which are part and parcel of the fundamental news releases which are […]
The trap door is opening for gold
With the gold bears firmly back in charge of the precious metal, there are some tough times ahead for gold investors over the next few […]
VIX alarm bells are quiet….. for now!!
With US equity markets closed for the annual President’s day holiday, it is perhaps appropriate to consider the daily chart for the VIX, the fear […]
Aussie dollar battered and bruised – but still fighting!
For the AUD/USD, along with many of the other currency majors, February has been characterized as a pause period on the longer term charts, as […]
All good things come to an end …. for the USD index
As forex traders it is often too easy to forget that even the strongest trends come to an end, or pause in their longer term […]
NQ leading markets higher
Of the three e-emini contracts we follow, the YM, ES and NQ, it is the daily chart of the NQ which is the most significant […]
Cable in focus as we await BOE
Market focus this morning returns to the more mundane, namely the BOE inflation report and press conference with Gov Mark Carney, and it will be […]
It’s a MAD MAD world!
If we could capture the noise of the markets today it would reverberate to the sound of rattles. Rattles being hurled from both the Greek […]
Great news for gold traders – not good news for gold investors!
Regular readers of my market analysis will know that I have been bearish on gold for some time, and despite the recent bullish trend which […]
USD/JPY now building a falling triangle
One currency pair which has moved out of the limelight over the last few weeks is the USD/JPY, and following the extended trend run higher […]
Surge in volume confirms weakness for the USD/CAD
With the combined effects of a strong and resurgent US dollar, coupled with the equally dramatic collapse in the price of oil, the USD/CAD has […]
Why are markets out of synch?
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are […]
And another ‘divergence’ – this time it’s silver!
The metals market is certainly providing some wonderful trading opportunities for those traders light on their feet, with both gold and silver remaining extremely volatile […]
Commodity currencies diverge against Sterling and euro
For several of the currency majors, last week was one of divergence, with the commodity dollar currencies of the Aussie dollar, the Canadian dollar and […]
Aussie dollar picks up bearish momentum again
The Aussie dollar was one of those currency pairs which finally capitulated and gave up the fight, as the US dollar juggernaut continued to flatten […]