Powell gives risk sentiment a boost
Some much-needed calm as the new trading week gets underway along with a degree of optimism as reflected in a lower VIX and Yen pairs […]
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Wonderful trading and volume price analysis lessons – courtesy of the EUR/USD
All eyes were on the US dollar in the London forex session, following the decision by the FED to raise interest rates another notch, which […]
Will today’s nfp spook stock investors
Today’s non farm payroll release is significant for a number of reasons, particularly if the numbers come in better than expected and validate the FED’s […]
Aud/jpy reflects market jitters
The aud/jpy is often used as a proxy for market sentiment and risk. In other words when the pair rises markets are seen as benign […]
Barnier bounces cable higher
Warm words from Michele Barnier, the EU’s chief Brexit negotiator once again pushed the British pound higher with cable touching an intraday high of 1.3059 […]
Gold buyers step in ahead of the FOMC
In a recent post on gold I detailed how the precious metal had finally managed to find a degree of bullish momentum, but sadly this […]
Some data to consider ahead of the FED
Ahead of tomorrow’s FOMC some thoughts and data as to whether we can expect any shift from the consensus view expressed in the CME FED […]
Strong support for euro ahead of ECB
Ahead of Thursday’s ECB market the currency pair in focus will, of course, be the eurodollar which has been feeling the effect of recent positive […]
DXY once again at key levels
As I have written on several occasions a key level for the USD index has been the 90 price point, around which the index has […]
Where next for the EUR/USD ahead of Italian elections?
For longer term euro dollar traders and watchers, the daily chart on the MT5 platform for the EUR/USD is now at a key point, with […]
Indecision doji candles on both ES & NQ
As you would expect the ES e-mini too has followed a similar path today in terms of both price action and volume with the daily […]
Gold finds its mojo
The monthly chart for gold gives gold traders and investors some much needed cheer as the precious metal now has some solid support at $1257 […]
Political factors for the euro and Canadian dollar
Of the currency major pairs eur/usd and usd/cad are probably the most interesting as both the euro and Canadian dollar are being driven higher, not […]
Yen & VIX continue lower
With US indices continuing to march ever higher, no surprise to see our Yen complex of pairs move strongly upwards, and bearish sentiment in the […]
USD suffers from US tax reform jitters
At the start of the last trading week for 2017 last Friday’s positive sentiment for the USD appears to have evaporated, as our USD index […]
Two bar reversal delivers on Aussie cross pairs
One of my favourite candle patterns when trading forex is a pattern that occurs and recurs on all time frames, and it is the two […]
Brexit talks halt rise in 6B
As spot forex traders we often neglect to consider the futures market for a view on market sentiment, which is a great shame because often […]
Euro commodity crosses at key levels
Of our three euro commodity cross pairs, namely eur/aud, eur/nzd and eur/cad, it is the weekly chart for these pairs that is the most interesting, […]