Oil inventories and the classic volatility trap
Every item of fundamental news, whether large or small, provides the big operators with the ideal opportunity to trap traders into weak positions, and yesterday’s […]
2017
The fantasy world of the FED
Do you remember the halcyon days when rising interest rates and increasing interest rate differentials were the precursor to a stronger currency? Happy days, when […]
British pound driven by politics at present
As always with any currency, the forces which drive it can be many and varied, from fundamentals, relationships to interest rate differentials and sentiment. For […]
US dollar breaks through support region
The US dollar index is at an interesting tipping point as we come to the end of another trading week, and as you will see […]
OPEC meeting dominates oil prices and disappoints….so far!
The progress for oil prices during May has been an interesting one, and indeed one I focused on early in the month as the big […]
Stopping volume appears on the daily oil chart
Last week was an interesting one for oil traders and speculators, as crude oil continued to move lower from Monday to Thursday, before bouncing strongly […]
Will the ES emini join the leader of the pack soon?
For US equity traders and investors these are worrying times, as the NQ emini continues to blast its way ever higher, and leaving its sister […]
Silver bears continue to growl
There seems to be no end in sight just yet for silver, which continues to remain beaten down and unloved, and dragging its more illustrious […]
Silver and gold take different paths
Whilst gold and silver have a relatively close relationship in terms of associated price action, in the last few weeks these relatively close bedfellows have […]
NQ emini leading the way once again
For those students of the market who are widely read, the words of Jesse Livermore are never more apposite than at present, and I am […]
EU politicians breathe a collective sign of relief
And so the politicians in Europe and Brussels breathe an audible collective sigh of relief as their gold-plated pensions and executive perks look set to […]
It’s a tough life for OPEC!
The recent rally for crude oil, came to a shuddering halt this week with Wednesday’s wide spread down candle driving oil prices firmly back towards […]
Classic trap move on the YM emini daily chart
US equity markets continued to wallow again yesterday, as risk on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to […]
Gold shines on the weekly chart
If the latter part of 2016 was one to forget for gold bugs, the start of 2017 has certainly been one to remember with the […]
Euro remains waterlogged but testing a key level
And finally to the euro index which continues to wallow in a sea of misery, as both politics and fundamental news continue to batter and […]
Yen index benefits from weak sentiment and repatriation flows
Whilst the US dollar has been in a bearish trend for the last few months, for the Japanese yen sentiment here has been the polar […]
US dollar is all about divergence
As markets return to full participation following the Easter recess, and as a new trading week get’s underway, I thought it would be apposite to […]
Oil continues to remain waterlogged!
For oil traders, speculators and indeed corporate buyers, the price action on the daily oil chart reflects a confused picture for crude oil, and to […]