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 […]
Major Currency Pairs
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 […]
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 […]
US dollar blows the market apart
If there is one term which could best describe last week’s price action in the currency markets it would be that much over used word […]
Aussie dollar down and out
Bearish momentum has picked up once again in the Aussie dollar, following the Business Confidence release which came in worse than expected at 0 against […]
A significant time for the EUR/USD
Last week’s price action for the eurodollar was significant for several reasons. First, and perhaps most importantly, the congestion phase which began in late January, […]
EUR/USD awakes from its slumbers
For longer term euro dollar traders, it’s been a time to watch, wait and be patient, which is exactly what we said in yesterday morning’s […]
Volume spike on the NZD/USD explained
Question Hi Anna, I have been studying your VPA methods extensively for the past several months. I must say it is very eye opening. I […]
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 […]
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 […]
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 […]
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 […]
USD/CAD – it’s all about volume
For the USD/CAD the start of the new year has seen little change in the longer term trend, with the bullish momentum of the second […]
Forex market roundup… after the SNB
After such a dramatic week for currencies, and with the reverberations still echoing around the markets, any news events this week are likely to seem […]
A dramatic day for the currency markets
For the forex markets Friday was a curious yet dramatic day. Traditionally the 2nd of January tends to be associated with a gradual return to […]