Clik here to view.
FX Comment from London
Please find below today’s FX comment from Michael Hewson, market analyst at CMC Markets London: On a busy day for economic data we start with the UK and manufacturing and industrial production data...
View ArticleClik here to view.
Sell EUR/AUD on the 30 min chart
Fundamentally, I want to be short EUR. While there are positive risks coming out of the European leaders summit this weekend, the more than two year history of disappointing responses from European...
View ArticleClik here to view.
Breaking USD/JPY
Fundamentals and technicals are pointing to a buy trade in USD/JPY. Yesterday, in a surprise move, the Bank of Japan announced a further easing of monetary conditions through an expansion of its bond...
View ArticleClik here to view.
EUR:AUD Trough Lolly – Still Short
On Wednesday I looked at shorting EUR against AUD ahead of the ECB’s liquidity injection (LTRO). The reversal pattern is now complete, and indications are in favour of a test of 1.2134, the all time...
View ArticleClik here to view.
AUD/CAD – Sell if resistance respected
We have been witness to some very aggressive selling of nearly all currencies against the USD in recent sessions. Whilst there has been some let up in this area in the last 2 sessions there are still...
View ArticleClik here to view.
GBPUSD – Hourly Chart at Key Level
Whilst there has been little in the way of positive to grab hold of in recent sessions it has been quite notable that prices in a number of key indices have been finding a goodly degree of support in...
View ArticleClik here to view.
EUR/USD – Stalking your prey may be the go
Whilst I normally write about trade setups that are imminent I thought today I would share with you a different perspective on looking at setups and discuss how looking at some different timeframes can...
View ArticleClik here to view.
EUR/AUD – Downtrend resuming – setting up for sell trade
One of the things that can be most valuable to trend traders is to align their setup search over a number of different timeframes. This usually means looking at monthly, weekly, daily etc charts to...
View ArticleClik here to view.
Buy Gold on Pennant Breakout
When you look at the 4 hour chart of gold you can see the large symmetrical triangle that we have recently broken out of and the sharp rise in price that has followed from it. You can really judge the...
View ArticleClik here to view.
AUDJPY – Hourly Ascending Triangle forms in Daily Downtrend
The nature of triangle patterns is to illustrate congestion zones in broader price trends. This is why a triangle that occurs in a ranging market is not likely to be of huge value. The other thing that...
View ArticleClik here to view.
Risk vs Risk – Sell AUD/CAD
The AUD/CAD cross is always on my watch list. Both are considered risk or growth related currencies. Both are linked to a major economy – the CAD to America and the AUD to China. While US data is...
View ArticleClik here to view.
Euro Resolution in Less Than 20 Summits
Having not recovered from my headache of yesterday I have gotten ready for another 48 hours and more European back and forth to keep us all fascinated. On that note though there is a divide growing...
View ArticleClik here to view.
I don’t want to stir up trouble….however
I sometimes fear that we worry about the wrong things when it comes to the financial markets. There are always swags of things to think about and it can cover any timeframe that you care to name from...
View ArticleClik here to view.
Mean reversion and the great headline turnaround of 2012
Was it the news itself or the fact that European leaders found some common ground that drove markets higher? Whatever the case I think what we have seen in a number of markets is something of a bump on...
View ArticleClik here to view.
EURUSD – Short Term Pressure Signals Showing
Whilst I doubt it would be considered unique or Earth-shattering to express a bearish view of the Europe there are some notable signs that are visible in the market this morning – particularly on the...
View ArticleClik here to view.
AUDUSD – Key Moving Averages to Tell the Tale
The AUDUSD has been one of those slightly irritating trading pairs of late. Irritating because it has been tough to lump in with all the other currencies due to its often strong performances relative...
View ArticleClik here to view.
Euro possibly set for a new step lower
One of the things that I have noted in recent weeks has been the relatively comfortable trending behaviour of the cross rates and the hugely erratic nature of the spot rates. This is not just from the...
View ArticleClik here to view.
5 Minute Trading – Rolling Wins – Aug 15
After a disheartening start, the strategy delivered a trading profit for the second day in a row, illustrating the importance of sticking with it and trading every day. Despite 8 losses and 2 profits,...
View ArticleClik here to view.
5 Minute Trading – Thurs Aug 16
Stop out. Interestingly, the EUR/USD did trade higher initially before falling, however, not high enough to trigger the strategy’s sell order. Four more trading successes before the end of the month...
View ArticleClik here to view.
5 Minute Trading – On a Roll – Aug 21
Another success. Five successes in the last six trading days. This puts the strategy in a great position – the maximum possible loss for the month is now just 15 pips. Maximum possible win? Current...
View Article
