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 […]
Market Analysis
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 […]
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 […]
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 […]
Gold rally running out of steam….again
This week’s rally in gold, spurred by the combined effects of a weaker US dollar and tensions in Yemen which saw the precious metal touch […]
All hands to the pump failing to keep oil afloat
In viewing the daily chart for oil, several analogies come to mind, and perhaps the best and most descriptive is of an old tramp steamer, […]
Testing times for US equity markets
It’s a testing time for US equity markets in every sense of the word with the principal indices of the YM, the NQ and the […]
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 […]
The sun is shining again for the VIX
With yesterday’s FOMC brouhaha now out of the way for another month, it’s an apposite time to consider the VIX for the ultimate barometer of […]
Risk sentiment returns with NQ emini leading………again
Ahead of this week’s key FED decision and statement, once again it’s the NQ emini which is leading the principle US equity markets higher with […]
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, […]
Simply a market correction for US indices
Friday’s significant sell off in US equities came as no great surprise and indeed in my post of last week, I suggested that this would […]
The sonic boom…..was in gold!
For those of you reading this who remember Concorde, the last of which flew in 2003, you may also remember that it was one of […]
USD on the march towards 100
An interesting morning for traders so far, with the London session well under way, and what is perhaps revealing is the continued rise in the […]