The pound in focus at the open of the London forex trading session
The pound in focus at the open of the London forex trading session.
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Great two way price action at the London open
A great session with excellent two-way price action. Overnight and into the London session it was the Japanese yen that was under pressure and as […]
Forex markets exhausted after the last few days!
After the fireworks of the last few days, it was no surprise to see virtually all the markets moving in congestion phases including forex which […]
The power of the volatility indicator
In the US forex session first, we take a look at the GBP/CHF which had been the focus earlier in the morning, with a clean […]
It’s all about timing – even more important in flat markets!
Trading success is based on many factors, but one, in particular, is timing. Timing when to get in and when to get out, and in […]
Terrific trading on the EUR/USD as Draghi drives it lower
A terrific session where all eyes were on the euro as the ECB took centre stage with their rate decison and associated conference, and as […]
Waiting for the ECB – where next for the euro?
All rather gloomy news for the Eurozone, and which may be added to today, with the ECB meeting and press conference now ahead.
Some lustre returns to gold on USD slide
An excellent session for gold today with the precious metal managing to halt its recent slide, a slide that had been precipitated by a more […]
AUD/NZD – an interesting cross
We only have two central banks in play this week, namely the RBA and the RBNZ, and with their respective Governors both keen on wanting […]
Cable in consolidation ahead of BOE
The positive sentiment towards the British pound as the result of much better than expected PMI data earlier this month appears to have run its course, […]
Yen index set for explosive breakout
With the markets awash with rumour and speculation concerning the Bank of Japan and its plans to reduce rates still further, and into negative territory, […]
US dollar index continues in congestion on daily chart
As the talking heads of the FED continue to posture and strut on the world stage, driving markets to distraction and traders to tear their […]
Summers over, Merkel manouvering, and FED flumaxed – another week ahead!
This week was always going to be a tricky one for both traders and investors, with the market’s primary focus being the FOMC meeting on […]
NZD/USD gives us some technical and fundamental lessons
The daily chart for the NZDUSD has thrown up some interesting lessons for forex traders in the past few days, and well worth some analysis. […]
The yen index is now poised at key resistance level
Unlike the USD index, the Yen index is delicately poised below a key area of price resistance in the 7780 region, which has now been […]
USD index reverses on weekly doji candle
As we come to the end of another trading week, I just want to return to the USD index, following my post earlier this week […]
Bullish momentum returns for the USD/JPY
The dollar yen staged yet another of its notorious and acute corrections against the background of the usual media reaction, suggesting that the pair was […]
Dollar index reflects indecision in market’s view of USD
Following two weeks of solid gains for the US dollar, last week’s price action was an anomaly, given the sharp sell off in risk assets […]