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Technical Analysis Reports

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Sentiment turns weaker after disappointing Chinese flash PMI

23/04/2015 08:20

Market Overview There is an uncertain feel to financial markets at the moment. Earnings season in the US has failed to ignite the bulls on Wall Street, where despite a string of positive corporate nu »

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Dollar bulls failing to get traction with Greece at the forefront

22/04/2015 08:37

Market Overview The euro was boosted yesterday afternoon as news began to filter through that the talks between Greece and the Eurozone were working through the proposals, although  deal may not »

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Forex Trends Continue in 2015

22/04/2015 07:15

Forex Trends Continue in 2015 The forex market has the reputation for being one of the most trend heavy markets in all of the major asset classes.  There is good reason for this, as the underl »

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Dollar bulls beginning to regain some positive traction once again

21/04/2015 08:15

Market Overview It almost seems as though there is a different driving factor for the markets every day at the moment, and yesterday was the turn of China. So what will it be today then? Well, the st »

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Sentiment improves amid further easing measures from China

20/04/2015 08:13

Market Overview Markets come into the new week with mixed messages. The selling pressure that signed off last week has abated slightly and there is an element of support. The negative impact of new r »

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Yen Still Caught in A Range

20/04/2015 07:32

Yen Still Caught in A Range When we look at the last 20 or 30 years in forex trading markets, we can argue that the most trend-specific has been the Japanese Yen.  There is a wide variety of r »

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Can US inflation re-ignite a creaking dollar bull run?

17/04/2015 08:28

Market Overview There is a mixed outlook across financial markets as we approach the key US data release of an interesting week. The general theme of weaker US data throughout this week has negativel »

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Volatility on the data continues as the dollar comes under pressure

16/04/2015 08:19

Market Overview Financial markets have been digesting the strong gains in the oil price in the past couple of days. The move has pushed WTI oil to its highest level of the year and begs a couple of q »

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Mixed sentiment as traders look ahead to the ECB and more US data

15/04/2015 08:20

Market Overview I still see the economic data as extremely important for the direction of the dollar and yesterday’s reaction to the weaker than expected Retail Sales was this case in point. A »

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ECB and BoC to determine EUR/CAD trend direction!

15/04/2015 07:54

Today, two majors Central Banks will share traders’ attention since both of them will release their Monetary Policy reports and their Interest Rates decisions. The forecast is the ECB to keep th »

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US Retail Sales watched as tier one data could be the catalyst for some key breaks today

14/04/2015 08:20

Market Overview With a lack of any significant economic data yesterday, the markets were fairly quiet. However it may have just been the calm before the storm as there is a significant amount of tier »

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Dollar bulls gathering strength once more as China trade data disappoints

13/04/2015 08:15

Market Overview It would still appear as though any back data out of China is able to drive expectation of further monetary stimulus which then supports markets, but for how long this will be the cas »

US dollar looks to consolidate the gains on a quiet end to the week

10/04/2015 08:16

Market Overview Since the FOMC minutes were released on Wednesday, what had been a consolidation is turning back into a trend of dollar strength once more. There have been some key breaks on major fo »

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Dollar bulls gaining traction once more from the slightly hawkish FOMC minutes

09/04/2015 08:21

Market Overview This week has been spent with forex markets consolidating in anticipation of the key event which were the Fed meeting minutes. Whether the minutes can provide some direction for marke »

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08/04/2015: Forex trading becoming increasingly rangebound as markets consolidate

08/04/2015 08:17

Market Overview The outlook across the currency markets has become increasingly one of consolidation. The data dependent trading since the FOMC decision is neutralising many pairs in forex trading an »

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07/04/2015: Markets still looking to settle down after surprise miss on Non-farm Payrolls

07/04/2015 08:19

Market Overview The market is still looking to settle in the wake of a weaker than expected Non-farm Payrolls report (126,000 jobs versus an expectation of 245,000) which put downside pressure back o »

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XAU/USD Weekly Outlook

06/04/2015 05:56

The yellow metal gapped higher over the weekend on the back of a much weaker than expected U.S. employment report. The U.S. economy added 126,000 jobs versus 245,000 expected, falling below the signif »

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Weaker US data has put the dollar bulls under pressure once more

02/04/2015 08:20

Market Overview The dollar certainly had a significant wobble yesterday after the weaker than expected readings on the ADP employment report and also a fifth straight month of decline on the ISM Manu »

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Forex majors consolidating ahead of crucial PMI data

01/04/2015 08:21

Market Overview Market sentiment is under pressure once more as the list of reforms submitted by Greece has been dismissed as little more than ideas rather than a definitive plan. This comes as talks »

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A slow strangling of dollar strength is returning as the flow of data continues

31/03/2015 08:20

Market Overview It was an interesting session yesterday, where market sentiment was positive on the back of talk of further stimulus in Asia and then the US session took positive data (improving Pers »

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XAU/USD drops below $1,190

31/03/2015 07:49

The precious metal moved aggressively lower the last couple of days after finding a strong resistance around the $1,224 level, which coincides with the 50% Fibonacci retracement level. From thereon, t »

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Dollar bulls looking to gain control ahead of huge data releases this week

30/03/2015 08:16

Market Overview The market sentiment is a touch missed going into what could be a crucial week of economic data. Several days of selling pressure were halted on Friday as Janet Yellen made comments t »

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Signs of an improvement once more for the dollar after Fed member’s comments

27/03/2015 08:11

Market Overview The interesting moves in the last 24 hours came in the forex markets yesterday as comments from FOMC member Dennis Lockhart resulted in the dollar strengthening into the afternoon and »

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A decline in risk appetite sees a shift into safer haven plays return

26/03/2015 08:18

Market Overview There was a real sense of concern that took over Wall Street last night that has driven a flight into safer haven plays. As the durable goods orders disappointed there is a fear is th »

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Forex majors continue to consolidate around key tipping points

25/03/2015 08:18

Market Overview In the wake of the FOMC meeting last week, the key US economic data has become particularly in focus with strong US data being strong for the dollar. And this is what we saw playing o »

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US inflation data could be pivotal with forex pairs approaching key crossroads

24/03/2015 08:19

Market Overview There were some interesting moves on forex markets yesterday which suggest there could be something sustainable building in this move away from the dollar. There are some key markets »

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Forex volatility remains elevated as a data dependent market looks to US housing

23/03/2015 08:14

Market Overview The EU leaders summit at the end of last week was the latest chance for Greece to provide clarity on its progress towards meeting the measures set out as part of its bailout extension »

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20/03/2015: Markets still settling down with the next trends yet to develop

20/03/2015 08:19

Market Overview There has been an incredibly volatile reaction across forex markets in the wake of the FOMC meeting. Much of the initial sharp selling pressure against the dollar has been retraced an »

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Markets remain volatile as the dollar looks to rebound after dovish FOMC shock

19/03/2015 08:15

Market Overview The market has been anticipating this meeting by the Federal Reserve for a few days, with the uncertainty driving a consolidation. Traders were right to be cautious as the volatility »

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Whether the FOMC remains “patient” is crucial to the near term dollar outlook

18/03/2015 08:25

Market Overview Forex markets have settled down as we run up to the announcement by the Federal Reserve on its latest monetary policy. The dollar strength seen over the recent weeks would suggest the »

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Slight dollar correction taking the shine off the bull run as market prepares for the FOMC

17/03/2015 08:15

Market Overview The forex markets seem to be increasingly forming a consolidation in front of a significantly important meeting of the Federal Open Market Committee in the next couple of days. The ou »

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Dollar weakness still looks a chance to buy in front of the FOMC

16/03/2015 08:27

Market Overview Financial markets continued to trade on the dollar strength story on Friday. This is a story that is likely to dominate decision making in front of this week’s FOMC meeting. Wit »

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Dollar bulls fighting back after a rare off-day

13/03/2015 08:15

Market Overview Markets are incredible examples of pack mentality. Take Wall Street for example. A weak Retail Sales number yesterday has now got everyone questioning the potential for the removal of »

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Dollar up slightly vs NOK as investors await Norges Bank meeting

12/03/2015 09:16

USD/NOK is looking bullish at the moment as is trading above the psychological level of 7.8600. It’s remarkable that for the last three weeks the USD added 7000 pips to its value against the NOK »

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Signs of profit taking on the US dollar but will it last?

12/03/2015 08:20

Market Overview The dollar movement remains the big story that is driving financial markets. Markets do not tend to like it when sharp moves are made in major markets (see the reaction to the sharp o »

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Euro remains under pressure whilst sterling continues to build on support

11/03/2015 08:19

Market Overview The strength of the dollar has become the major factor in these markets. This is through a double whammy effect which is coming from the selling pressure on the euro and the move to p »

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USD/CAD struggles at 1.2700

11/03/2015 07:55

Last week, the USD/CAD pair broke above its symmetrical triangle formation and moved higher, reaching the psychological level of 1.2700. The pair is looking bullish at the moment as the price managed »

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Dollar bulls quickly back in control as equities look to settle

10/03/2015 08:34

Market Overview After a day of reflection with little economic data to worry about, markets have begun to calm down a bit from the impact of the Non-farm Payrolls report. However it seems as though t »

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Don’t expect a hangover for the dollar to last for long

09/03/2015 08:20

Market Overview There is a sense of a slight hangover for the dollar on Monday morning after the Non-farm Payrolls report induced such a strong run on Friday. It is interesting to see the euro, Cable »

Markets pause for breath in front of crucial Non-farm Payrolls

06/03/2015 08:16

Market Overview It is Non-farm Payrolls Friday and the markets are taking a pause for breath. However this pause may be just as much related to a rather volatile afternoon yesterday with Mario Draghi »

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Euro under pressure as markets look towards the ECB

05/03/2015 08:15

Market Overview Markets have been a bit choppy as we have moved ever close towards the important end of the week which contains the key Non-farm Payrolls report. Overnight there was some negative new »

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Markets looking to settle in front of the key Payrolls data on Friday

04/03/2015 08:13

Market Overview As we edge ever closer to the crucial data of the week (Non-farm Payrolls), markets are a little on edge. Yesterday’s declines certainly showed that despite the lack of negative »

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RBA stands pat sending the Aussie dollar higher

03/03/2015 08:30

Market Overview We saw an odd reaction yesterday as Wall Street and the dollar pushed higher on weaker than expected US data. This shows that there is a growing acceptance of the Fed hiking rates thi »

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US dollar on the brink of a new breakout as markets wait for the PMIs

02/03/2015 08:18

Market Overview The first week of the month is always key. Jam-packed with crucial tier one forward looking data, the direction can be extremely important. China has kicked off proceedings with a hat »

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Dollar bulls giving back some of yesterday’s gains ahead of Preliminary GDP

27/02/2015 08:13

Market Overview The dollar bulls are once again looking to have re-established their control on proceedings. US inflation may have dropped by 0.1% but with core prices still positive, along with stro »

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Spain's IBEX 35 coming strong above 10,930!

26/02/2015 08:17

The IBEX 35 is the benchmark stock market index of the Bolsa De Madrid, Spain’s principal stock exchange. Spain’s IBEX 35 index jumped 0.68% during yesterday session, marking its fifth wee »

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Can Janet Yellen finally give the forex markets some direction?

24/02/2015 08:26

Market Overview Greece may well have made an agreement of a 4 month bailout extension on Friday, but it still needs to submit detail of economic reform proposals. Apparently some reforms have been ou »

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Much still to be agreed with the Eurogroup as forex markets remain uncertain

23/02/2015 08:33

Market Overview Finally the European politicians have averted a Greek default, but only for now, and only possibly. Friday’s evening’s agreement for a four month extension to the bailout »

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All eyes once more on the Eurogroup with Greece running out of time

20/02/2015 08:20

Market Overview So we move to a third Eurogroup meeting of the Eurozone finance ministers in an attempt to finally come to an agreement with Greece over how to deal with the end of its bailout progra »

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Slightly dovish FOMC minutes sustain the prospect of a dollar correction

19/02/2015 08:15

Market Overview The announcement of the Federal Reserve meeting minutes took the markets a little by surprise. Following on from a slightly hawkish lean in the FOMC statement, the minutes were still »

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USD/JPY Ready for a Breakout after Failed Attempt

18/02/2015 14:17

The USD/JPY pair has been trading in a symmetrical triangle formation throughout the first few months of the year. However, the pair has broken out for a second time of this pattern and thus brings wi »

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Equities looking to breakout on prospect of a deal for Greece although forex markets remain cautious

18/02/2015 08:23

Market Overview Market sentiment has picked up as it looks as though the Greek finance minister is ready to cede ground and move towards an agreement on an extension to the bailout. I suppose it is a »

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Positivity is waning as a deterioration in Greece and Ukraine geopolitics weighs on sentiment

17/02/2015 08:24

Market Overview It would appear as though the two fundamental factors that helped to improve market sentiment towards the end of last week are unravelling quickly. The ceasefire in Ukraine seems to n »

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Trading could be slow with the US public holiday and markets awaiting the Eurogroup

16/02/2015 08:20

Market Overview It is round two of the bout between Greece and its major creditor, the EU, today as the Eurogroup meeting again convenes to try to thrash out some sort of deal that would be agreeable »

Ceasefire in eastern Ukraine boosting sentiment but for how long?

13/02/2015 08:18

Market Overview Trading sentiment has improved significantly in the past 24 hours. The ceasefire that has been struck between Putin and Poroshenko has given investors cause for optimism. However, I r »

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Markets remain in consolidation mode as the Greeks stand firm

12/02/2015 08:15

Market Overview So after six hours of talks with the Eurogroup of EU finance ministers, Greek finance minister Yanis Varoufakis was unable to come to an agreement over the repayment of it debt. The s »

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All eyes on the Eurogroup to bring an end to the consolidation

11/02/2015 08:28

Market Overview Today we have the meeting of the Eurogroup of EU finance ministers who will be discussing how to deal with the problem of the bailout loan made to Greece that is due for repayment on »

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US dollar bulls are still unable to grasp the initiative as ranges continue

10/02/2015 08:16

Market Overview The trading outlook is mixed this morning, with uncertainty over a number of issues. The fact that President Obama has failed to rule out the US arming Ukrainian forces is a concern a »

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Focus on Greece and weak Chinese trade on a day bereft of data

09/02/2015 08:14

Market Overview The strong Non-farm Payrolls report changed the sentiment considerably on Friday. It resulted in a sizeable move away from safe haven plays such as the yen and gold, to the benefit of »

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A strong payrolls report could be needed to prevent a dollar correction

06/02/2015 08:07

Market Overview Although the charismatic German finance minister Wolfgang Schaeuble has said that he will “agree to disagree” with Yanis Varoufakis over the matter of Greece’s reneg »

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The ECB cranks up the pressure on Greece but harms market sentiment

05/02/2015 08:30

Market Overview Newsflow regarding the renegotiation of Greece’s debt obligations had been fairly favourable in recent days. That is until the ECB fired what looks to be a rather an interesting »

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Improved market sentiment with forex majors and equities supported

04/02/2015 08:22

Market Overview Risk appetite has rebounded significantly in the past few days but what are the drivers. The rally (or should that be short squeeze) in the oil price continues, with WTI now up over 1 »

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EUR/RUB unable to hold above 79.0000!

03/02/2015 10:02

The euro is struggling to hold above the psychological level of 78.9380 against the ruble after several failed attempts over the last week. However, the EUR/RUB pair remains in a clearly defined uptre »

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RBA rate cut adds to pressure on major commodity currencies

03/02/2015 08:19

Market Overview Market sentiment continues to be guided to a certain extent by the price of oil. In the past couple of trading days the oil price has shot higher as it has looked as though there is f »

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PMIs to drive sentiment after Chinese data slightly disappoints

02/02/2015 08:32

Market Overview The new week has begun with market sentiment starting slightly on the back foot today. The HSBC Chinese manufacturing PMI came in a touch below expectation at 49.7 (49.8 had been fore »

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The euro remains steady in front of crucial inflation and US growth data

30/01/2015 08:18

Market Overview With currency pairs still unsure of how to digest the latest instalment of Federal Reserve monetary policy, the equity markets have made a useful rebound. After weekly jobless claims »

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AUDUSD & USDCAD Intraday: Elliott Wave Analysis

29/01/2015 12:23

USD is mixed today, up against commodity currencies but sideways or even down against EUR and GBP. On AUDUSD we can see a nice strong decline from the past few sessions which should be an impulsive p »

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Forex majors lack direction despite a hawkish lean from the FOMC

29/01/2015 08:23

Market Overview The announcement of statement from the Federal Reserve suggests that the US remains last man standing in terms of its path towards rate tightening. However the reaction of the market »

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All eyes on the wording of the FOMC statement to drive the dollar

28/01/2015 08:11

Market Overview There has been a strong reversal of sentiment in the past 24 hours. Equities have sharply fallen whilst the dollar has come under some corrective pressure. It will be interesting to s »

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Retracements on forex majors and precious threaten although Eurozone equities remain strong

27/01/2015 08:21

Market Overview The election of the anti-austerity Syriza party in Greece has failed to dampen the spirits of investors still rising on the ECB’s QE wave. Sentiment does not appear to have been »

Euro holding up well after Syriza’s victory in Greece puts the pressure back on major markets

26/01/2015 08:15

Market Overview After the “positivity” over the actions of the ECB last week, news from Greece over the weekend that the anti-austerity Syriza party has won the election has caused some M »

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With Greek elections on Sunday volatility on European markets is set to remain

23/01/2015 08:20

Market Overview Mario Draghi has fired his bazooka and the markets have taken the news well. The euro is lower, sovereign bond yields are lower and equities are higher. A €60bn per month program »

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Traders waiting for Mario to finally fire the big bazooka

22/01/2015 08:19

Market Overview So we come to what could be one of the most crucial days for the euro in years. This is expected the day that Mario Draghi announces a package of QE that will significantly increase t »

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Trading remains volatile as markets begin to look ahead to the ECB

21/01/2015 08:16

Market Overview Although in some ways market will now be positioning themselves for what could be a historic announcement from the ECB on Thursday, there is still a level of volatility that continues »

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XAG/USD: The target is 18.75!

20/01/2015 08:07

The white metal is looking a little bullish the last couple of weeks after rebounding strongly from the 14.40 – 14.50 zone. If we see a close above the psychological level of 18.00, previous lev »

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Inflation data will give forex traders little chance for respite

16/01/2015 08:27

Market Overview If you work in the forex markets, yesterday was a truly stunning day. Volatility and moves almost unimaginable were seen on the Swiss franc after the Swiss National Bank (SNB) finally »

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Investor sentiment improves as oil finds some support

15/01/2015 08:14

Market Overview Risk appetite has made a welcome return in the past 12 hours and as per usual it has come as the oil price has managed to form a near term low. Exactly how long this respite lasts for »

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USD/JPY under correction phase; failure swing formation

14/01/2015 08:29

  The USD/JPY pair plunged the last couple of days confirming the weakness in momentum, following a good run over the last few months. The Relative Strength Index fell below 50 and is moving dow »

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Volatility and weak oil continues to dampen sentiment as ECJ judgement looms

14/01/2015 08:20

Market Overview Volatility remains high on global financial markets and this means that traders and investors are getting thrown around on a daily basis. The commodity story is a major cause for conc »

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Flight back into safe havens is showing through as oil continues to slide

13/01/2015 08:20

Market Overview The oil price has been a big driver of investor sentiment in recent weeks and as the price once more slides through support the impact has been to drive traders towards safer haven pl »

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Microsoft: Bulls are losing control once more near $49.00

13/01/2015 07:14

Over the last couple of weeks Microsoft (NASDAQ:MSFT) Corporation’s share price rose significantly after rebounding from two key support levels, the $44.85 and most recently from the $45.45 leve »

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Non-farm Payrolls hangover shows no signs of shifting yet for the dollar

12/01/2015 08:22

Market Overview Whilst the headline figure for the Non-farm Payrolls report remained strong the devil was in the detail of the 0.2% decline in average hourly earnings. This shows that the Fed still h »

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Forex majors consolidate ahead of crucial Non-farm Payrolls release

09/01/2015 08:22

Market Overview After an incredible rally across global equity markets yesterday there is an element of calm that has formed. However do not expect this to last as it is Non-farm Payrolls Friday, tra »

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GBP/USD remains weak; bears eye 1.5000, 1.4825, 1.4750 and then 1.4500!

08/01/2015 09:09

The British pound has fallen for a sixth consecutive month against the dollar retreating from a 5 year-high. Turning on the weekly timeframe, the bulls failed to hold the price above the psychological »

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Risk sentiment improves as oil looks to build near term support

08/01/2015 08:21

Market Overview Investor sentiment has shown signs of improvement in the past 24 hours. The flows into safe haven assets are beginning to reverse with the gold price and the yen weakening and Treasur »

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Although the Eurozone could move into deflation, sentiment is showing signs of improvement

07/01/2015 08:28

Market Overview Despite an element of support yesterday in European equities, investors continued to prefer safer haven plays with sovereign bonds, gold and the Japanese yen more favoured. With Wall »

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Focus is again on the falling oil price which is driving safe haven flows

06/01/2015 08:17

Market Overview Over the past couple of months, a falling oil price has driven a flight into safe haven assets. This comes as volatility spikes and traders prefer the protection given by Treasuries, »

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XAU/USD could extend gains soon!

05/01/2015 11:06

The precious metal has been trading within a broadening formation over the last couple of months or so, following a strong start to 2015. It is very significant that the bulls managed to maintain the »

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Euro breaks below crucial $1.2000 floor as Grexit fears take hold

05/01/2015 08:30

Market Overview A new year but the markets are still beset by the same old issues. Will Greece leave the Eurozone? Will the ECB pull the trigger on full blown quantitative easing? When will the US ti »

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EUR/USD Bears Eye 1.2100 and then 1.2050!

30/12/2014 06:56

The EUR/USD pair looks set to continue its push lower, following some consolidation over the last few trading sessions, roughly around the 1.2150 area. The fact that the price failed to break above th »

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GBP/CHF Bulls under pressure!

23/12/2014 13:46

The British pound moved aggressively lower versus the Swiss Franc the last couple of days after finding a strong resistance at the 1.5400 level, which includes the upper boundary of channel. From ther »

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Support for oil keeping sentiment positive in the run up to Christmas

22/12/2014 08:36

Market Overview Market volatility has just begun to calm down a little after last week’s hectic trading. The markets on Wall Street closed a positive week with slight gains on Friday and with t »

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Sentiment remains upbeat as dollar pairs are back on the brink

19/12/2014 08:26

Market Overview With signs of some stabilisation in the price of oil and the continued reassurance of the Federal Reserve, sentiment on the markets has changed significantly in the past few days. Jan »

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Yellen and the Fed settle the nerves to improve sentiment once more

18/12/2014 08:23

Market Overview Three factors have combined to improve the outlook on financial markets in the past 24 hours. First of all the oil price has finally found some support. Whether it turns out to be the »

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USD/CHF above 0.9800 after SNB introduces negative rates

18/12/2014 08:04

The Swiss Franc plunged -1.17% versus the dollar after the Swiss National Bank (SNB) unexpectedly dropped interest rates into negative territory at -0.25%. The USD/CHF pair surged above the 0.968 »

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Volatility remains high as the market looks towards the Fed

17/12/2014 08:22

Market Overview Market volatility remains elevated as Wall Street sold off into the close having been initially strongly higher, the S&P 500 closed sharply lower again for a 6th down day out of the p »

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Oil prices continue to fall and traders prepare for a raft of data

16/12/2014 08:20

Market Overview Market sentiment continues to be thrown around with the movement in the oil price. Yesterday’s eventual sell-off on equity markets again can as oil reversed earlier gains to clo »

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Abe’s re-election does little to support the markets

15/12/2014 08:22

Market Overview Japanese Prime Minister Shinzo Abe put his neck on the line and has survived with a renewed mandate to implement Abenomics. However the market reaction has not been especially favoura »

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EUR/USD struggles at the 1.2500 level

15/12/2014 07:57

The EUR/USD pair pushed above the descending trend line, which started back in October 2014, bringing further ratification of the bearish outlook seen in the recent months. However, it seems that the »

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Sentiment back under pressure as Chinese data again disappoints

12/12/2014 08:19

Market Overview In the past few days, markets have given a few signals of concern and change. The weakness in equities has been clear, but yesterday’s failure for Wall Street to hold on to earl »

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Markets looking to stabilise after high volatility yesterday

10/12/2014 08:21

Market Overview Sentiment in Asia continues to be hit by data coming out of China. Inflation in the world’s second largest economy continues to fall and suggests that the economy is slowing dow »

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The dollar correction could provide a few opportunities on a light day of announcements

09/12/2014 08:24

Market Overview The weakness in the oil price has been a concern for a while but perhaps only now is it beginning to bite on equities. As oil price fall to multi-year lows, the S&P 500 has had its bi »

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Markets consolidate after the strong Payrolls report as the Japanese economy deteriorates further

08/12/2014 08:17

Market Overview The Non-farm Payrolls report on Friday has resulted in another wave of dollar strength across the asset classes, as forex majors and commodities have suffered in the wake of the stren »

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With markets still reeling from the ECB attention turns to Non-farm Payrolls

05/12/2014 08:20

Market Overview Often you will find with Non-farm Payrolls Friday that markets will be very cautious with traders unwilling to take much of a view ahead of the crucial data. This does not really seem »

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All eyes on Draghi as forex majors consolidate in front of the ECB

04/12/2014 08:17

Market Overview As we begin trading on ECB day, all eyes are on Mario Draghi and whether he will announce the purchase of Eurozone sovereign debt in his press conference at 13:30GMT. General consensu »

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GOLD & Crude OIL Intraday: Elliott Wave Analysis

04/12/2014 07:24

GOLD did not move much recently, so our view remains the same; we are looking at incomplete corrective a)-b)-c) decline that can retest 1185 or maybe even 1170 supports before uptrend resumes. GOLD »

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The dollar is straining to breakout as a raft of key US data approaches

03/12/2014 08:13

Market Overview Wall Street bounced back yesterday after strong auto sales and stocks related to the energy sector rebounded to give the markets a boost into yet another record close. The S&P 500 inc »

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CAC40 is testing the falling trend line around 4422!

02/12/2014 14:51

The CAC40 index has potentially moved into a more positive ground over the medium-term after breaking and maintaining its position above 4231 and more recently above the 4330 barrier.   Furtherm »

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US dollar looking to regain some lost ground as equities find support

02/12/2014 08:18

Market Overview The weakness on the dollar yesterday facilitated a significant turnaround in oil and gold, both of which had been under significant pressure until an amazing rebound for both. The bul »

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XAG/USD finds support at 14.26! What is next?

01/12/2014 08:35

The white metal (XAG/USD) is trading lower the last few days, following an impressive 5 negative months after reaching the 21.58 area. The metal remains under selling pressure since its trading below »

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Dollar showing signs of strength as disappointing Chinese manufacturing data puts the pressure on global growth again

01/12/2014 08:21

Market Overview With the US back from Thanksgiving holiday this week, volumes should begin to return to normal. However news out over the weekend has not been especially favourable and investors have »

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EUR/CAD regains 1.4000!

28/11/2014 10:46

The euro has been looking a little strong against the Canadian dollar over the last few days, even though there is a clear battle going on between the 1.4300 and 1.3890 levels. At the time we thought »

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US dollar looks to rebound as the Euro is under pressure ahead of key Eurozone inflation data

28/11/2014 08:22

Market Overview Outside of the oil markets, most of the other financial markets were fairly steady yesterday, with the US off for Thanksgiving. Forex markets took on a slightly dollar positive outloo »

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Gold struggles to find buyers near $1,200

27/11/2014 08:34

Over the last couple of weeks the precious metal has established and traded within a tight range roughly around the key level of $1,200. Over the last couple of days the metal has moved very strongly »

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Despite reduced volumes for Thanksgiving, there is still OPEC and Draghi to keep traders interested

27/11/2014 08:16

Market Overview As we hit Thanksgiving in the US the outlook for equity markets remains positive, whilst forex majors are fighting back against the dollar in the wake of a sequence of disappointing U »

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Forex pairs continue to consolidate as traders look towards a raft of US data

26/11/2014 08:19

Market Overview Markets are becoming ever more calm and volatility is draining away again. Across the major forex pairs that I largely concentrate on there is an increasing tendency for consolidation »

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Markets settle in front of the second reading of US Q3 growth

25/11/2014 08:15

Market Overview Looking across the charts, in the past day or so the outlook on many forex pairs, gold and even some of the indices has become fairly settled. The US dollar is still unable to muster »

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AUD/USD stalls with strong bearish trend

25/11/2014 08:09

AUD/USD has been moving in a medium-term downtrend as is confirmed by the descending trend line and by the fact that the 50-period SMA lies below the 200-period SMA on the weekly chart. Since the pai »

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Even Central Bankers Lose Faith

25/11/2014 07:09

European equities are set to edge higher on the open reports Capital Spreads. Mixed closes for Europe and the US yesterday and Asia also currently unable to get a consensus of what’s going on sh »

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Traders in a cautious mood as consolidation sets in

24/11/2014 08:23

Market Overview Markets are taking a pause for breath on Monday morning after the monetary policy fuelled strong moves that closed last week. There is a light economic calendar today and uncertainty »

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USD/CAD pauses declines at 1.1200

24/11/2014 06:39

The USD/CAD pair has been moving in a short-term downtrend as is confirmed by the descending trend line and by the fact that the price is moving below both of the moving averages, on the 4-hour chart. »

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GOLD & Crude OIL Intraday: Elliott Wave Analysis

21/11/2014 10:02

GOLD remains trapped in range so our view remains unchanged; we are still looking at a triangle that can be taking place in wave (iv). If we are correct then current wave e), final leg of the pattern »

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Forex majors approach key crossroads against the dollar

21/11/2014 08:14

Market Overview Weak European economic data drove European markets lower, whilst positive US economic data was able to push Wall Street to a 44th record closing high of the year. However the moves co »

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Dollar strengthening once more ahead of the key US inflation data

20/11/2014 08:19

Market Overview The FOMC meeting minutes last night failed to give any further clues over the timing of the first rate hike by the Fed. There is an expectation for inflation to rise towards the 2% ta »

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GOLD and OIL Intraday: Elliott Wave Analysis

19/11/2014 13:06

As long the market is making higher highs and higher lows the trend is up. As such, gold remains in uptrend with possible extensions above 1205 today, while 1181 support is in place. A sharp break thr »

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Dollar finding support again in front of key FOMC meeting minutes

19/11/2014 08:17

Market Overview General market sentiment has turned more positive in the past day or so. The encouraging German ZEW economic sentiment helped to drive European markets higher yesterday, whilst the de »

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Sentiment remains uncertain ahead of the key German ZEW data

18/11/2014 08:13

Market Overview Yet another day of sideways trading on Wall Street has seen the S&P 500 complete a 42 record all-time closing high, albeit with the S&P 500 posting a gain of just +0.1% on the day. It »

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GBPUSD and GOLD Intraday: Elliott Wave Analysis

17/11/2014 12:36

GBPUSD found a support on Friday and bounce exactly from our highlighted Fibonacci region. But keep in mind that larger trend is still down and that current rise on hourly chart is only in three legs, »

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EUR/GBP Weekly Outlook!

17/11/2014 10:13

The pound fell for a fourth consecutive day against the euro and gave all of its gains made the last month. Technically and according to the daily chart the EUR/GBP pair is moving in a sideways channe »

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Japan moves into recession to put pressure back on markets

17/11/2014 08:21

Market Overview Japan has once more fallen back into recession. With an annualised decline of 1.6% (which was forecast to gain by 2.1%) in Q3 this is a second successive quarter of negative growth an »

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EUR/JPY Long-Term Outlook!

14/11/2014 09:21

  From a technical perspective, the EUR/JPY pair rebounded pretty aggressively from the 134.00 level and regained in a month and half period the temporary retracement from 146.00 to 134.00. A mo »

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French growth should support Eurozone GDP but the dollar remains strong

14/11/2014 08:25

Market Overview The Eurozone GDP data for the individual countries announced early this morning have been positive. Data for the currency bloc’s two largest economies have come in slightly ahea »

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Inflation data to drive sentiment on the euro today whilst equities look for support

13/11/2014 08:24

Market Overview With a lack of tier 1 economic announcements from the US, investor sentiment has been rather neutral for the first half of this week. This is reflected in the price action of Wall Str »

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FTSE MIB still on retracing mode

13/11/2014 08:07

FTSE MIB index fell sharply after several unsuccessful attempts to break the strong resistance level at 19,788. As a result the index plunged below some significant obstacles including the psychologic »

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A Dovish Carney Is Likely To Drive Sentiment In Forex Markets Today

12/11/2014 08:17

Market Overview With a lack of economic data and the US on Veterans Day public holiday which saw bond markets closed, Wall Street crept quietly to further all-time highs on an especially unspectacula »

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GBP/USD Ready for Further Correction Ahead of UK’s Inflation Report

12/11/2014 06:57

The British pound is trading higher the last couple of days against the US dollar, as it looks to make its way back towards the 1.6020 level, following its unsuccessful attempt to break below the 1.58 »

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Nikkei 225 index bullish trend to continue!

11/11/2014 08:41

Nikkei 225 index is continuing to push higher, after finding a strong support once more on the 16640 hurdle, which coincides with the 50-period simple moving average. Going forward, we are continuing »

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With little on the economic calendar volatility could be quite low

11/11/2014 08:15

Market Overview The bulls will be hoping that the market is not once more slipping back into the (slightly concerning) trend of gradual gains. This is a concern because often it is a build-up of smal »

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Markets looking for direction still as the hangover from a tepid payrolls report continues

10/11/2014 08:19

Market Overview A rather tepid Non-farm Payrolls report on Friday failed to inspire any further bullish move, with Wall Street all but unchanged into the close. This rather flat mood has continued in »

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EUR/USD after the US NFP Report

10/11/2014 07:19

The EUR/USD edged lower to 1.2358 during Friday’s session, its lowest point against the dollar in more than two years, despite a weaker-than-expected U.S. Nonfarm payrolls report. U.S. employers »

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Daily Report: Draghi pushes EURUSD to new two-year low

07/11/2014 10:22

ECB President Mario Draghi wasted little time in sending the Eurodollar to a new two-year low (1.2364) on Thursday afternoon. Draghi slammed the 1.24 door shut and left the entrance to 1.23 wide open »

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EUR/AUD holds a neutral bias ahead of ECB

06/11/2014 08:58

The euro is continuing to push higher against the Australian dollar, although it’s continuing to struggle near the psychological level of 1.4700. The channel that the pair has been trading since »

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Market sentiment turns more cautious with all eyes on Mario Draghi once again

06/11/2014 08:21

Market Overview Statistics suggest that the next 12 months following mid-term elections in the US are very positive for equities, and so it began yesterday with Wall Street posting record highs for t »

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Dollar begins to strengthen as US mid-terms uncertainty begins to clear

05/11/2014 08:12

Market Overview The mid-term elections in the US have delivered both houses of Congress to the Republicans which will now mean that President Obama (Democrat) has a rather tricky final two years in t »

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GOLD and Crude OIL Intraday: Elliott Wave Analysis

04/11/2014 10:32

GOLD and Crude OIL Intraday: Elliott Wave Analysis Gold is also looking bearish, now forming a triangle in a fourth wave which is bullish for the USD as lower price of metals equals to higher buck. »

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Signs Of Caution Continues As Minor Profit-Taking Hits The Dollar

04/11/2014 08:36

Market Overview Investor sentiment is once more looking rather cautious as the announcement of the crucial ECB and US Non-farm Payrolls data begins to loom on the horizon. Despite a big jump in the I »

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Sentiment Cautious Ahead of PMIs As The Dollar Remains Strong

03/11/2014 09:50

Market Overview The sentiment remained strong going into the weekend, but there is an element of caution that has taken hold as the first week of the month beckons. This can be understandable with su »

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GBP/USD Levels to Watch Ahead of BoE Meeting

03/11/2014 07:18

In addition to the ECB meeting there is also a Bank of England meeting on Thursday. GBP/USD is moving in a tight range over the last couple of months as the pair is still struggling in a battle betwee »

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USD/CNH Bearish Trend to Continue

31/10/2014 07:08

USD/CNH is looking quite bearish over the short term, as it managed to hold positions below the key resistance level of 6.1275, today’s first resistance level. Also providing resistance near thi »

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EUR/JPY fails the 138.00; what is next?

30/10/2014 07:34

The euro is looking bullish against the yen over the last couple of weeks, following the brief retracement over the last couple of days below the psychological level of 138.00. Today’s and Frida »

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AUD/USD Levels to Watch Ahead of Fed Policy Meeting

29/10/2014 05:29

AUD/USD is moving in a tight range over the last couple of weeks, as the pair is struggling in a battle between both market forces (bulls and bears) near the psychological level of 0.8900 (R1) and the »

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EUR/USD Bulls Could Take the Lead

27/10/2014 11:17

EUR/USD collapsed during Friday’s trading session, drilling through some strong support levels as well as below the 50-period SMA and the 200-period SMA on the 4-hour chart. In addition the sell »

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Expect a downside break of consoldation above key supports on Euro and Sterling

24/10/2014 08:23

Market Overview The instance of another Ebola case, this time in New York could give nervous markets an excuse for a flight into safe haven plays today. This has already taken Wall Street markets bac »

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Forex Pairs Continue To Test Key Levels As Flash PMIs Are Due

23/10/2014 08:12

Market Overview After four straight days of considerable gains on Wall Street that has already retraced to the 61.8% Fibonacci level of the sell-off, the S&P 500 has undergone a near term correction »

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FXSnip:GBP/USD Interest Rate Hike Not Imminent

23/10/2014 08:04

For the 24 hours to 23:00 GMT, the GBP fell 0.40% against the USD and closed at 1.6046, after the minutes of the BoE’s latest policy meeting revealed that majority of the policymakers voted to k »

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CAC40 index under pressure near 4120

23/10/2014 07:36

CAC40 index has been moving in a short-term uptrend since mid-October after rebounding from the key support level of 3786. The index is still struggling to break above the key resistance level of 4120 »

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Elliott Wave Analysis For AUDUSD and NZDUSD

22/10/2014 12:34

We are still bearish on AUDUSD, but still waiting on that strong break to the downside before market may final start moving on the bearish side. Pair moved recently beneath the channel line that is no »

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Forex Trading Becomes Increasingly Uncertain As The Equities Rebound Continues To Surge

22/10/2014 08:30

Market Overview As the recovery in equities has taken off, the outlook for forex has become somewhat more muddied in the past day. I have spoken at length about the tendency for key market bottoms to »

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AUD/CAD Daily Outlook Ahead of BoC

22/10/2014 06:46

The AUD is looking a little bearish against the CAD on the 1-hour chart, following an aggressive sell-off the last couple of days. The AUD/CAD pair struggled to push on after hitting highs around the »

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Cable and Gold Breaking Higher As The Dollar Comes Under Pressure

21/10/2014 08:27

Market Overview In the past 24 hours there has been a real sense of a shift in sentiment away from the US dollar. This has resulted in key moves being seen on forex pairs such as Cable and Dollar/Yen »

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EUR/GBP finds support from 200-SMA ahead of significant data

21/10/2014 07:10

The euro is looking quite bearish against the sterling following the retracement from the 0.8040 level few days ago. It should be noted that this the fourth week in a row that the euro is trading high »

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Yahoo Daily Outlook

20/10/2014 10:51

The Yahoo stock (SYM:YHOO) is looking quite bearish on the 4-hour chart following the aggressive sell-off below the 40.00, resistance level. Technically speaking, this enabled the stock to form a lowe »

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Markets Starting Off The Week With Mixed Sentiment As The Dollar Starts To Gain

20/10/2014 08:23

Market Overview The significant improvement in market sentiment on Friday that saw the DAX close 3% higher and Wall Street up around 1.5% seems to have been held over the weekend. Positive corporate »

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Dollar Beginning To Strengthen Again Although Volatility Remains High

17/10/2014 08:24

Market Overview Calling the bottom is a risky game. The slightest signs of support and people jump in to suggest the lows have been seen and all is clear to buy once more. That is how it seemed with »

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Elliott Wave Analysis For DAX and GOLD Intraday

16/10/2014 11:31

The USD sold-off sharply yesterday following weak US data that also caused a new leg down on stocks. However, we still see USD in larger corrective set-back, so traders need to realize that this is no »

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After Yesterday’s Rout, The Dollar Begins To Fight Back

16/10/2014 08:19

Market Overview What an amazing day for the financial markets yesterday. Huge volatility across asset classes with bonds, forex and equities alike all feeling the pressure. There was a confluence of »

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Signs Of A Turnaround In Sentiment As Gold And Yen Threaten A Correction

15/10/2014 08:20

Market Overview Has there been a subtle shift in the market sentiment in the past 24 hours? Previously there has been significant selling pressure on equities, coupled with a preference for safe have »

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USD/RUB Higher Despite Central Bank Intervention

14/10/2014 12:03

The US dollar moved higher for seventh consecutive day against the Ruble despite the Russian Central Bank intervention. The Central Bank of the Russian Federation is spending at least 40 billion dolla »

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Seemingly No Let-Up In Equities Selling With The Dollar Volatility Continuing

14/10/2014 08:17

Market Overview Investor sentiment remains under pressure as the preference for safe haven assets continues. However there is also a sense that the dollar rally that had been such a feature of tradin »

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Investor Sentiment Continues To Be Battered As Safe Havens Benefit From Rout In Equities

13/10/2014 08:27

Market Overview The sell-off on the global markets went deep into the close on Friday and there seems to be little sign of downside pressure abating on Monday. The S&P 500 closed the session off 1.2% »

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German DAX 30 Collapsed!

13/10/2014 06:31

DAX 30 index collapsed during the European day on Friday, breaking below the psychological level of 8900. This is the third consecutive week of losses for the index and the second negative month follo »

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Volatility Spikes As The Bears Roar Again

10/10/2014 08:17

Market Overview Volatility has been increased incredibly in the past few days as traders and investors have struggled to come to terms with an unexpectedly dovish Federal Reserve and the ongoing econ »

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Euro Breaking Higher To Complete A Near Term Bullish Reversal

09/10/2014 08:25

Market Overview The expectation of the minutes from the latest FOMC meeting has been one of the factors this week that has been driving the concern of investors. A fear of a hawkish leaning has helpe »

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USD/CHF Correction Under Way

09/10/2014 07:15

The US dollar pair fell sharply after posting a 15-month high against the Swiss Franc, as the bulls were unable to hold onto the gains above the key level of 0.9600. However, the pair is still in a cl »

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USD/JPY and AUD/USD still threatening a turnaround despite early dollar strength today

08/10/2014 08:22

Market Overview The sentiment amongst global investors is increasingly concerning. Rallies are being sold into and the safe haven plays such as US Treasuries, the Japanese yen and gold are seeing pos »

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AUD/JPY Bulls Vs Bears near 95.00

08/10/2014 06:56

The AUD has been looking a little weak against the JPY over the past couple of days, even though there is a clear battle going on around the 95.00 area, as highlighted on the 4-hour chart but it&rsquo »

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Still Seeing The Rally On EUR/USD and GBP/USD As A Chance To Sell... For Now.

07/10/2014 08:19

Market Overview As we move towards the minutes from the latest FOMC meeting, traders are becoming more cautious. Add into the mix, uncertainty over how to be positioned for the upcoming earnings seas »

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USD/TRY struggling near 2.3000

07/10/2014 07:24

The dollar moved aggressively higher versus the Turkish Lira after rebounding from the key support zone of 2.0600 – 2.0850 and more recently from another key support of 2.1550, which includes th »

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Equity Markets Stronger As The Dollar Bulls Take A Quick Breather

06/10/2014 08:11

Market Overview The legacy of Friday’s strong Non-farm Payrolls data is still playing out on Monday morning. Friday afternoon saw strong equity market gains and an ever stronger dollar. Wall St »

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Swiss Market Index Recovers and Rises Above 8700

06/10/2014 07:39

The Swiss Market index (SMI) is looking quite bullish on the 4-hour chart following the aggressive upward move from the key support level at 8611, which includes the 200-period SMA. Technically speaki »

Are Major Forex Pairs Such As The Euro, Yen and Aussie Set To Reverse Recent Weakness?

03/10/2014 08:14

Market Overview Is this dollar run showing signs of creaking? For weeks the dollar has pushed higher almost without stopping, but now there are the first signs of a potential reversal. Still in the v »

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USD/CAD Rises as Market Awaits NFP Report

03/10/2014 07:18

USD/CAD moved slightly higher after rebounding from the key support level of 1.0985, but the advance was halted by the strong resistance level of 1.1225. However, we could see further consolidation in »

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EUR/JPY Levels to Watch Ahead of ECB

02/10/2014 07:54

EUR/JPY plunged lower, after the short-term retracement which took place slightly above the key level at 138.00 (R1), which includes the 200-period SMA, as well as the 61.8% Fibonacci Retracement leve »

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Dollar strength and equities under pressure ahead of key manufacturing data

01/10/2014 08:20

Market Overview Whether it was a bit of end of month/end of quarter window dressing, the early gains on Wall Street were lost into the close, leaving the S&P 500 down 0.3% on little newsflow. With th »

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US dollar finally under a little pressure as crucial economic data approaches

30/09/2014 08:19

30/09/2014: US dollar finally under a little pressure as crucial economic data approaches

  Market Overview Equity markets rebounded fairly positively yesterday to leave the glass half full as we approach a crucial few days of economic data. Wall Street having traded over a percent »

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Markets slightly dollar positive with gains for equities in front of a crucial week of data

29/09/2014 08:16

Markets slightly dollar positive with gains for equities in front of a crucial week of data

 

  • Investors appear to be circumspect as the new week begins
  • LIttle real movement in early European session
  • WATCH FOR: German CPI and US Pending Home Sales

  Market Overview Markets are starting off an incredibly important week in a reflective mood, coming on the back of a strong end to the week on Wall Street. Asian markets were mixed overnight w »

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FTSE100 Retreats Further

29/09/2014 06:31

FTSE100 is continuing to look bearish on the 4-hour chart, following the break below both, the key support zone of 6744 – 6760 and the 200-period SMA, few days ago. The index is still pushing lo »

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Dollar continues to strengthen as equities come under pressure

26/09/2014 08:14

26/09/2014: Dollar continues to strengthen as equities come under pressure

 

  • Wall Street woes flow into Asian trading, with European markets also lower again
  • US dollar strength continues to impact on forex majors
  • WATCH FOR : Final readings for US Q2 GDP and Michigan sentiment

  Market Overview Selling pressure is taking hold on global equity markets, as Wall Street had its worst session since 31st July. The S&P 500 fell 1.6% leaving it at a 5 week low and at risk of »

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Ford Motor Stock Sell on Failure Swing

26/09/2014 07:44

Ford Motor Co. stock (F) has been moving in a short-term downtrend since beginning of August when the stock posted a record high at 18.10. Despite numerous attempts over the last month, the stock has »

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The Dollar Bulls Return With Force To Reverse Earlier Losses In The Week

25/09/2014 09:00

25/09/2014: The dollar bulls return with force to reverse earlier losses in the week

 

  • European equities open mixed despite teh strong Wall Street rebound
  • Dollar strengthening significantly as the European session gets going to put big pressure on the euro, sterling and gold
  • WATCH FOR: US Durable GOods, Weekly Jobless Claims

Market Overview With dovish comments from Mario Draghi, sentiment on the equity markets has turned around again. The S&P 500 and the Dow both closed just under a percent higher as there was also a po »

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Brent Crude Oil still Looking Bearish

25/09/2014 07:30

Brent Crude oil surged on heavy buying during yesterday’s trading session, as the price managed to break above the key level of 96.38, as well as above the 50-period moving average on the 30-min »

Euro consolidating as Sterling and Yen look to strengthen again

24/09/2014 14:43

Euro consolidating as Sterling and Yen look to strengthen again

 

  • European equities slightly weaker today after Wall Street declines
  • Dollar again under pressure, driving a gold price recovery
  • WATCH FOR: German Ifo, US New Home Sales

  Market Overview A series of concerns have hit investors on financial markets in recent days to result in a flow into safe haven trades such as US Treasuries, gold and the yen. Whether this mo »

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WTI to Remain Under Pressure this Week

24/09/2014 06:29

WTI Crude oil has been moving in a strong downtrend as is confirmed by the descending trend line and by the fact that the 50-period moving average lies below the 200-period moving average. In addition »

Signs of a dollar correction against both the yen and sterling

23/09/2014 08:11

Signs of the yen potentially joining sterling in a rally against the dollar

 

  • Equity markets under pressure again
  • US dollar rally beginning to creak with yen consolidating and sterling also finding support
  • WATCH FOR: Eurozone flash PMIs, US flash PMIs

  Market Overview A difficult start to the week has curbed the bulls on Wall Street, after indications from China are that monetary policy stimulus would not be knee jerk to disappointing data. »

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FTSE100 Retreats from 6900!

23/09/2014 06:48

FTSE100 rebounded from strong support zone of 6744 – 6760 and made a sharp move upwards successfully penetrating our suggested target at 6860 and nearing the 6897 level, ending the day with good »

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DAX Index is Rapidly Losing Ground below Recent Highs

22/09/2014 07:28

German Index (DAX) ran out of momentum the last couple of days after several unsuccessful attempts to break the strong resistance level at 9888 (R1), easing back towards the 9750 areas. The index is b »

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Relief Rally On UK Assets As Scotland votes “No” to independence

19/09/2014 08:18

19/09/2014: Relief rally on UK assets as Scotland votes “No” to independence


  • Scotland rejects independence by 55% to 45%
  • Cable rallies, FTSE 100 rallies, volatility remains high
  • Dollar remains strong and is weighing on the euro and gold
  • Watch for: Canadian CPI and US Lead Indicators

Market Overview Scotland has voted and the UK remains intact. Investors in UK can assets can breathe a big sigh of relief, with further rebound gains on Cable and a strong open on the FTSE 100. This »

Post-FOMC dollar strength unwinding slightly as the Scottish polls open

18/09/2014 08:26

18/09/2014: Post-FOMC dollar strength unwinding slightly as the Scottish polls open

 

  • UK focused traders looking nervously towards Scotland
  • Dollar remains extremely strong, although Sterling is holding up well ahead of the Scottish independence result
  • Equitiy markets consolidating
  • Watch for: SNB, UK Retail Sales, TLTRO, US housing data

Market Overview It was clearly an FOMC meeting for everyone. Equities, Treasuries and the dollar all rallied with record highs on Wall Street and major forex pairs such as Euro/Dollar and Dollar/Yen »

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AUD/CAD Bears Eyeing 0.9820

17/09/2014 07:18

AUD/CAD collapsed drilling through some strong support levels as well as below the 50-day SMA and the 200-day SMA on the daily chart. Despite the several attempts to break above the psychological leve »

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