A classic trap move in the GBP/USD
The 1 minute chart for the GBP/USD delivered a masterclass of price manipulation by the insiders ahead of the BOE release at 9.30 this morning. […]
2015
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 […]
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 […]
Loonie – a barometer of the USD and oil
Today, of course, is FOMC day with the minutes due at 2.00 pm EST, and following in the wake of the dire NFP data on […]
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 […]
A classic trap move on the EUR/USD
With Greece firmly back in the picture, the outlook for the euro remains bearish against the US dollar, and with the recent rally for the […]
Crude oil remains heavily bearish with oil inventories coming!
Both the technical and fundamental picture for oil continue to remain heavily bearish, and even the short term effects of the problems in the Yemen, […]
US stock markets recover and start to build again
It was another roller-coaster ride for US equities last week, with Wednesday’s dramatic move lower on global tensions in the Yemen, reversing at a stroke […]
US dollar bounces back
At the start of a another trading week which culminates in the monthly Non Farm Payroll release on Friday, it’s perhaps a good time to […]
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 […]