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Technical Analysis Reports


Oil finding support as the dollar drifts back

09/12/2015 08:15

Market Overview If the falling oil price was such a drag on sentiment yesterday, perhaps today will be a turnaround story? After dropping to multi-year lows in the past couple of days, oil has starte »


Dollar continues to recover as equities find some support

07/12/2015 08:21

Market Overview Sentiment on Wall Street was strong on Friday into the close as the market gave the thumbs up to the prospect of a Federal Reserve rate hike. The solid Non-farm Payrolls report on Fri »


Expect more volatility with Non-farm Payrolls

04/12/2015 08:26

Market Overview So can the dollar bulls pick themselves up, dust themselves off and go again? Yesterday’s underwhelming easing actions by the Fed, in conjunction with the weaker than expected I »


Will the ECB meet lofty expectations of extended QE?

03/12/2015 08:21

Market Overview The issue of interest rate differentials are at the forefront of traders’ minds today in the wake of comments from Janet Yellen and as we move into ECB day where the European Ce »


Weak ISM data fails to derail the dollar bulls

02/12/2015 08:18

Market Overview In the normal course of events, an ISM Manufacturing data slide into contraction territory below 50 would cause the markets to have something of a wobble. However Wall Street closed w »


All eyes on ISM data after dollar bulls begin to waver

01/12/2015 08:21

Market Overview There was an interesting move against the dollar yesterday afternoon in the wake of a rather concerning number from the Chicago PMI. The regional survey data came in well below expect »


Sentiment looking cautious as a momentous week begins

30/11/2015 08:26

Market Overview On what looks set to be a momentous week, markets are beginning to trade with a slightly negative outlook with sentiment looking cautious. Although equities may have ended last week o »


What’s Next for the Euro?

29/11/2015 05:08

What’s Next for the Euro? Over the last few years, the Euro has had some serious troubles in gaining traction against the US Dollar.  This is best represented in the EUR/USD forex pair, wh »


Dampened trading likely to continue on Black Friday

27/11/2015 08:16

Market Overview With the US closed for Thanksgiving public holiday, global markets have been struggling for direction. Daily trading ranges have been very tight on key markets such as EUR/USD (just 3 »


Sentiment settles in for US Thanksgiving holiday

26/11/2015 08:37

Market Overview After weeks of dollar strength there have been slight signs of a near term retracement as the forex majors look to bounce back in the past day or so. However, this is still likely to »


GBP/NZD provides very good bearish opportunity!

19/11/2015 14:51

The resistance at 123.50 has not been able to stop the USD/JPY bullish run. On a daily basis, the pair shows strong price action and technical signs that the rally will continue. From a technical poin »


Markets look to retrace dollar losses but will it last?

09/11/2015 08:02

Market Overview Markets are still coming to terms with Friday’s strong Non-farm Payrolls report and what it could mean for the prospects of a rate hike from the Federal Reserve in the December »


Sentiment is positive as China services PMI supports

04/11/2015 08:17

Market Overview Market sentiment is positive still and this is allowing equity markets higher. The interesting factor is that as US Treasury yields continue to move higher (ever since the FOMC meetin »


Aussie higher against the dollar as the RBA keeps rates on hold

03/11/2015 08:21

Market Overview There has been a continuation of a slightly dollar corrective theme that we have seen over the past few days. The main mover has though been the Aussie in the wake of the monetary pol »


China PMI still below 50 puts risk appetite under pressure

02/11/2015 09:16

Market Overview Kicking off a week jam packed with a whole raft of crucial data releases, in keeping with recent months, China has driven concern into the minds of traders once more. The official man »


US dollar correcting again as the BoJ stands pat

30/10/2015 08:13

Market Overview Despite a cautious close from Wall Street last night, and mixed trading in Asia early today, sentiment is mixed to positive as the European session take over. Whether this will last, »


Markets remain cautious in front of the FOMC decision

28/10/2015 08:27

Market Overview It is the day that the Federal Reserve announces its latest monetary policy update. At 1800GMT (remember the US clocks have not gone back yet) the Fed will put out a statement that wi »


EUR/GBP - Daily Outlook!

27/10/2015 15:36

From a technical point of view, the EUR/GBP pair provides an opportunity for the bulls. We can see that the prices have been traded sideways after the pair hit the 0.7400 resistance. After the last be »


Negative bias to sentiment as oil continues to slide

27/10/2015 08:23

Market Overview As we run up to the Fed statement on Wednesday sentiment has turned more cautious, however the decline in the oil price back towards its key medium term support has not helped either. »


US dollar strength begins to retrace with one eye on the FOMC

26/10/2015 08:15

Market Overview The surprise rate cut from the People’s Bank of China on Friday added confidence to the risk appetite of the market and pushed equities strongly higher. This may have helped to »


Risk sentiment remains positive in the wake of a dovish ECB

23/10/2015 08:30

Market Overview There have been series of risk positive events in the past 24 hours that have resulted in big gains on equity markets and a significant move in forex. The main event that has driven t »


GBP Looking Top-Heavy

22/10/2015 16:55

GBP Looking Top-Heavy Forex traders that are focused on the peripheral majors will often look to emerging trends in the British Pound (GBP) as a way of assessing where the market stands at any given »


Sentiment slides ahead of Mario Draghi and the ECB

22/10/2015 08:22

Market Overview The positive market sentiment that had been present in the last couple of weeks has just started to ebb away again. This comes as commodity prices have fallen back to multi-week lows »


Gold bounces away from $1170

21/10/2015 08:32

After encountering some profit-taking over the past three trading days, Gold rebounded strongly yesterday and gained close to $15 to trade back towards $1180. Despite already recording gains close to »


Fed speakers set to provide direction for consolidating markets

20/10/2015 08:29

Market OverviewThe financial markets have been reacting to the Chinese growth data and the perception is that it has uncertain implications. Subsequently we saw a fair bit of consolidation across fore »


US dollar under increasing pressure as data deteriorates

15/10/2015 08:21

Market Overview There seems to have been a significant shift in the outlook for the dollar. The Fed apparently remains “data dependent”, but the data is not pointing to any imminent rate »


Gold in a bullish run!

06/10/2015 13:26

On a daily basis, the bulls are taking advantage over the Gold prices. We can clearly see that the support at $1100.00 has been confirmed twice and the price action provides very solid uptrend structu »


Forex lacking direction with equities still gaining off sentiment

06/10/2015 08:19

Market Overview It is amazing what the prospect of continued loose monetary policy can do for markets. The improvement in trading sentiment continues and another strong close on Wall Street suggests »


Services PMIs in focus amid improved market sentiment

05/10/2015 08:18

Market Overview The reaction on the markets to the significantly disappointing Non-farm Payrolls report has been intriguing. The initial weakness in sentiment and safe haven flows (yen, euro, Treasur »


Sentiment looking positive ahead of crucial Non-farm Payrolls

02/10/2015 08:26

Market Overview Despite the lack of a decisive steer from from Wall Street or the Asian session, market sentiment in the early European session moving into the report is actually fairly positive ahea »


Market sentiment looking upbeat ahead of crucial ISM data

01/10/2015 08:20

Market Overview Coming into today’s trading, market sentiment is again fairly positive after a strong handover from both Wall Street and Asian trading in front of what could be a crucial ISM ma »


Sentiment picks up, but without a catalyst will it last?

30/09/2015 08:10

Market Overview Market sentiment has taken a bit of an upturn into the new trading day however this comes on little real catalyst, which begs the question of can it last? It is difficult to trust the »


NZD/USD - BULLS on the horizon!

29/09/2015 13:30

From a long-term perspective, the NZD/USD pair is looking very attractive for the long-term investor. The pair has depreciated with more than 25% for a little bit more than a year by depreciating from »


Commodity markets driving deterioration in risk appetite

29/09/2015 09:27

Market Overview Markets have been trading under an increasingly negative sentiment for a while now, but something felt different yesterday. Once more on the trigger of weaker China data (industrial p »


Will the Fed’s favoured inflation data point to a rate hike?

28/09/2015 08:31

Market Overview Anything China orientated is getting extra attention by the market to be taken as a lead indicator on sentiment. The latest data shows Chinese Industrial Profits falling by 2.2% (whic »


Janet Yellen talking up a 2015 hike supports the dollar and calms sentiment

25/09/2015 08:26

Market Overview The fact that Janet Yellen has felt the need to give rather an explicit message in a speech last night would suggest that perhaps it was felt that her FOMC press conference was a touc »


EUR/USD Profit Booked at 1.1150!

23/09/2015 09:17

The euro was traded mixed against its major counterparts on Tuesday and early Wednesday as Eurozone entered the worse consumer confidence month that forecasted. The flash sentiment in September dipped »


Weak China flash PMI piles the pressure on once again

23/09/2015 08:28

Market Overview Ever since the FOMC meeting last week put the blame on “international developments” as to why the Fed did not raise rates, traders have been looking towards the Caixin Chi »


Market sentiment looking stable ahead of key China data

22/09/2015 08:25

Market Overview Market sentiment looks to have stabilized a touch in the past 24 hours. Treasury yields have popped higher, whilst the dollar has clawed back some ground, demand for safe haven plays »


Greek election does little to change market sentiment

21/09/2015 08:22

Market Overview In the wake of the Fed’s decision to hold fire on interest rates the general market reaction has been one of concern. The concern has been over the fact that fears over global g »


USD/JPY - rarely seen perfect symmetrical triangle!

18/09/2015 13:15

The USD/JPY pair is a favourite among other majors regarding the potential and the clear nature of its price structure. On a daily basis the pair has been building a perfect symmetrical triangle and t »


Uncertainty continues as the Fed holds fire on a rate hike

18/09/2015 08:16

Market Overview The Federal Reserve held fire on a first interest rate hike in 9 years last night and traders will be asking themselves “where do we go from here?”. Markets have reacted w »


Positive sentiment into the FOMC suggests no rate hike in September

17/09/2015 08:21

Market Overview Amid thinly traded volumes, the expected consolidation took a turn yesterday and with risk back into the trading sentiment it would appear that markets may be positioning for a FOMC d »


Consolidation setting in as US inflation lies ahead of the Fed

16/09/2015 08:26

Market Overview Was this the bond markets taking a view that the Fed may be about to pull the trigger on a rate hike? Yesterday we saw the yield on the 2 year Treasury yield breaking sharply through »


GBP/JPY confirms a downtrend in motion!

15/09/2015 13:20

On a daily basis, the GBP/JPY pair is traded in a well-structured bearish setup. There are several technical indicators that are providing signals for a downtrend in motion. The last cross of the 50-S »


Economic data to briefly take the focus off the Fed

15/09/2015 08:14

Market Overview After a rather sedate day’s trading to kick off what could become a momentous week for financial markets, perhaps markets will get a touch more direction today. A raft of data r »


DAX - 4h technical outlook!

11/09/2015 10:09

From a technical perspective, the DAX stock index provides a good opportunity for the bears. After the prices broke below 1.0650, the downtrend has been confirmed and now we there is a double confirma »


Are markets already positioning for the Fed?

11/09/2015 08:22

Market Overview Can it be that already the market is moving into “wait and see” mode in front of the Fed? With 5 trading days before the announcement of the FOMC’s decision on rates »


GBP/USD - technical outlook after the MPC minutes!

10/09/2015 13:36

Today, the BOE kept its main interest rate unchanged at 0.50% as the policymakers voted 1-8. However, the CPI inflation rose slightly to 0.1% in July but remained well below the 2% target rate. The re »


Sentiment nose dives as volatility continues

10/09/2015 08:17

Market Overview The bulls lost control yesterday afternoon and a deterioration in market sentiment has ensued as the market volatility continues. Bond markets were a big driver of this as yields on U »


EURO50 - bulls took control over the trend!

09/09/2015 14:34

The EURO50 stock index has rebounded from the last week’s bottom confirming for a third time the major ascending trend line as well as the level at 2940 as a main support zone. The candlestick p »


Fiscal action from Japan boosts market sentiment

09/09/2015 08:15

Market Overview Market sentiment has taken a shot in the arm overnight amid the prospect of fiscal action from the major governments in Asia in an attempt to revitalize their ailing economies. This h »


The DAX stock index is looking attractive!

07/09/2015 10:18

After a correction phase, the DAX Stock Index has hit the major ascending trend line and the prices have rebounded from it signalling that the bulls still have an upper hand over the main trend. Durin »


Euro and Sterling still hanging on to key technical levels

07/09/2015 08:21

Market Overview With China returning from a two day national holiday, a major driver of volatility is back in play. However so far today, the selling pressure has not been sustained and the outlook m »


Markets prepare for a potentially crucial Non-farm Payrolls

04/09/2015 08:17

Market Overview It is Non-farm Payrolls day and this potentially crucial report can only add to the volatility in the markets. The sharp gains on equity markets in Europe that had been exacerbated by »


Gold Daily Overview!

03/09/2015 13:12

On a daily basis, the spot gold chart has been traded in a clearly defined bearish channel pattern. The prices have confirmed three times the descending trend line, and each time the pair has reb »


JPY Momentum Slowing?

03/09/2015 09:14

The fallout from the yuan rollercoaster has not yet subsided, and FX investors are ready to dust off their coats and proceed with their usual yen shorts. After all, while it’s been brutal for th »


EUR/USD - technically bearish!

02/09/2015 19:43

On a daily basis, the EUR/USD pair is looking bearish. The prices declined rapidly after hitting the resistance at 1.1700. Amid the upcoming ECB Press Conference and the ECB main rate decision, the si »


USD/CAD under bearish pressure!

01/09/2015 14:35

The U.S. dollar is losing its strength in front of the upcoming jobs report at the end of this week. The green money depreciated against all most all other major traded counterparts from the G10 baske »


Will weak China data send sentiment tumbling again?

01/09/2015 08:19

Market Overview Is market sentiment taking a turn for the worse again? If it is, then it looks like weak China data could once more be the catalyst. The disappointing readings on the China Manufactur »


EUR/AUD stays bullish in front of RBA press conference!

31/08/2015 15:43

Let’s take a look on the EUR/AUD currency pair in front of the RBA main rate decision and press conference. Last week, has been extremely volatile and the pair moved with more than 1500 pips in »


FOMC’s Dudley improves market sentiment

27/08/2015 08:17

Market Overview Market sentiment has dramatically improved again. I discussed in my blog yesterday about what could drive the bottom in the recent selling pressure. One of the factors I discussed was »


Dow Jones falls to lowest level in 18 Months

26/08/2015 09:35

U.S. stocks collapsed the last few days, with the Dow Jones Industrial Average dropping more than 1,000 points, losing more than 10% since August 16. The sell-off in US equities was driven p »


Volatility and fear still driving market sentiment

26/08/2015 08:13

Market Overview Huge volatility continues to throw markets around with traders still in fear of a China/commodity slowdown in the wake of Monday’s big sell-off. Traders are paying the economic »


Volatility still elevated as markets unwind “Black Monday”

25/08/2015 08:15

Market Overview After a day that will go down in the record books as a “Black Monday” the dust is still settling. After hitting 1000 pints down on the day for the Dow Jones Industrial Ave »


How is the rout on commodities impacting market sentiment?

24/08/2015 08:22

Market Overview The rout is continuing and is now beginning to get rather nasty. Huge selling pressure on Wall Street into the close on Friday has got even worse in Asia today. With concerns over a s »


Weak China PMI driving continued safe haven flows

21/08/2015 08:16

Market Overview Market sentiment is taking a hammering and safe haven flows are on the rise. If the sharp falls on equity markets around the world yesterday were not enough to spook investors, the mu »


FOMC minutes put pressure on the US dollar

20/08/2015 08:18

Market Overview The US dollar has come under some corrective pressure in the wake of a dovish set of FOMC meeting minutes. The suggestion in the minutes was that there needed to be more sign of infla »


Can the DAX find another low in the support band again?

19/08/2015 08:16

Market Overview It seems as though, having been “Greece” for so long, now it is “China” as sentiment on equities again takes a decline as sharp selling pressure on Shanghai im »


Silver Survives Another Attempt on $15.18 But For How Long?

18/08/2015 08:42

Silver surged more than 2.5% the previous week and rose above the key level of $15.00. The white metal gained for a third straight week and is in the process of recording the fourth in a row, currentl »


US dollar slow drift higher as traders ponder their next move

18/08/2015 08:22

Market Overview European markets are struggling to put yesterday’s lackluster session behind them as they trade slightly lower again in early exchanges. The newsflow has been fairly quiet in re »

Traders see a glass half full as Greek bailout deal progresses

17/08/2015 08:30

Market Overview Although there is a consolidation that continues amongst forex major pairs, there is more of a positive mind-set this morning as a new week begins. The glass seems to be half full for »


The key issues to ponder as markets consolidate

14/08/2015 08:17

Market Overview Markets seem to be moving into a consolidation mode early Friday morning. The news that China has so far kept to it word on not seeming to be willing to continue to devalue the yuan h »


Another Chinese devaluation continues to hit risk appetite

12/08/2015 08:14

Market Overview So a “one off” devaluation move by the People’s Bank of China was not that at all, as for a second day in a row the PBOC has raised the midpoint of the daily fix aga »


Chinese yuan devaluation driving dollar strength

12/08/2015 07:44

Market Overview China is again dominating trading sentiment today after a “one-off” 2% devaluation of the yuan was announced by the People’s Bank of China was announced overnight. T »


AUD/USD Daily Outlook!

10/08/2015 13:10

The AUD/USD currency pair is traded in a rapid downtrend movement. Even though the last week, the prices entered in a light consolidation pattern, the overall downtrend scenario is still in play and w »


After weak Chinese data hopes of stimulus hold up sentiment

10/08/2015 08:17

Market Overview There are mixed forces at work driving sentiment on Monday morning. The handover from Asia was a curious mix of disappointing data out of China (on exports and producer prices) which »


Markets consolidating ahead of a potentially crucial Non-farm Payrolls report

07/08/2015 08:23

Market Overview It is Non-farm Payrolls day and this could be a really important Employment Situation report. The FOMC remains data dependent (at least members such as Jerome Powell are in any case) »


Bank of England’s “Super Thursday” set to drive sterling volatility today

06/08/2015 08:19

Market Overview Markets continue to be pulled around by economic data and by the rhetoric from FOMC speakers. There have subsequently been conflicting signals in recent days (ISM manufacturing and co »


Dollar gaining ground again after Fed’s Lockhart prods the bulls

05/08/2015 08:20

Market Overview FOMC members are garnering attention now and Dennis Lockhart’s hawkish comments have driven some direction for traders. Lockhart has historically been towards the dovish end of »


AUD/USD surged after RBA

04/08/2015 08:17

The Australian dollar lifted-off against the US dollar early on Tuesday’s morning after the Reserve Bank of Australia announced its Interest Rate decision to keep its interest rate unchanged at »


Commodities still impacting on sentiment as RBA changes tack

04/08/2015 08:14

Market Overview Falling commodity prices are still a concern for global markets. The issue was again brought to the fore yesterday amid a series of disappointing manufacturing PMIs from the world&rsq »


Few clues offered in FOMC statement but dollar bulls edging control

30/07/2015 08:19

Market Overview So, nothing really to go on from the FOMC then. No rate hike (as expected) but also little in the way of hints over a potential rate hike. Perhaps we could focus on the tweak “s »


Markets looking pensive in front of the FOMC

29/07/2015 08:22

Market Overview As we move into FOMC day, the markets have become characteristically settled. This will often be seen due to the potential volatility surrounding the aftermath of the decision tonight »


China and commodities remain a key impact on sentiment

28/07/2015 08:28

Market Overview Volatility in Asian markets has been elevated by the significant fluctuations in the Chinese Shanghai stock market. However, the big impact is coming across the commodities complex wh »


Disappointing China PMI draining markets but drives dollar strength

24/07/2015 08:18

Market Overview Market sentiment has been hit in recent days by sharp falls in the prices of key commodities which continue to fall back to multi-year lows which  certainly does little to help t »


Weak US corporate earnings hitting the US dollar

22/07/2015 08:19

Market Overview The dollar bulls had a bit of a wobble yesterday and this has induces a bit of corrective pressure near term for the greenback. The dollar weakness was generated by some weaker than e »


Dow Jones Industrial facing solid resistance!

21/07/2015 13:23

  On a daily basis, the Dow Jones Industrial Average has hit a major horizontal resistance in the face of 18160. Even though today and yesterday there have not been any significant economic rele »

Gold looking to settle with new expectations after huge decline

21/07/2015 08:21

Market Overview Greece has managed to use the bridge financing package of €7bn in order to clear its debt with the IMF and also pay off the ECB. Markets have taken on far more of a settled outlo »


Market sentiment settles as Greek banks re-open

20/07/2015 08:25

Market Overview European markets continue to settle down as the new week has begun in a far calmer sentiment than any of the past few Mondays. Greece will re-open its banks today. The capital control »


Sentiment is cautious as German lawmakers vote on Greek deal

17/07/2015 08:21

Market Overview With the Greeks (and other Eurozone parliaments) backing the bailout deal, today it falls upon the Bundestag in Germany to accept the deal. It seems as though the pieces are now falli »


Sentiment takes a shot in the arm as Greek Parliament agrees to bailout conditions

16/07/2015 08:20

Market Overview Market sentiment has taken another boost off the news that the Greek parliament has passed through the proposals necessary for the bailout to go across to other Eurozone parliaments t »


Sentiment turns cautious as traders eye key data

14/07/2015 08:24

Market Overview Just one day in to the supposed deal for Greece and the markets are a touch more cautious again. There is still much work that needs to be done and in a short space of time. The deal »


Gold Bears Failed a Daily Close Below the Rising Trendline

09/07/2015 09:18

The precious metal is back trading above the rising trend line, which started back in October 2014, after dipping to as low as $1,146 earlier this week. It is a very significant that the bea »


Sentiment improves after dovish Fed with Greece to submit its proposal

09/07/2015 08:19

Market Overview By Friday Greece needs to have submitted a proposal to the EU leaders which lays out formal plans for economic reforms, which the leaders can then seriously consider. The Greeks have »


Exasperation amongst politicians and markets as a final deadline is drawn for Greece

08/07/2015 08:22

Market Overview The disappointment was palpable in the interviews of the respective Eurozone’s leading politicians after Greece turned up to yesterday’s crunch meeting armed with little m »


Greece’s plight in the hands of the Eurogroup as ECB ramps up the pressure

07/07/2015 08:17

Market Overview Greece voted “No” with 61% but the party could be short lived. Yesterday the ECB decided to maintain the Emergency Liquidity Assistance ceiling at €89bn and instead o »


Volatility soars with euro under pressure after Greece votes “No”

06/07/2015 08:20

Market Overview With Greece voting with a resounding “No” to the demands of the creditors, the ball has been smashed straight back to the court of the EU, ECB and IMF. A meeting is now du »


Gold and Silver Snapshot 06 July 2015

06/07/2015 08:09

Gold and Silver testing critical levelsThe yellow metal rose more than 1% on Thursday following the US Non-farm Payroll report, however it came under selling pressure and fell below the $1,170 early M »

Caution takes hold ahead of the Greek referendum

03/07/2015 08:20

Market Overview The attention will turn back towards Greece again with the US taking its Independence Day public holiday. However the market is still digesting what was a rather disappointing Non-far »


Focus turns to Non-farm Payrolls as the dollar bulls gain confidence

02/07/2015 08:26

Market Overview The constant rumour-mill and drip feed of newsflow over developments in Greece is creating constant intraday fluctuations that are pulling markets all over the place, so let’s j »


As sentiment settles markets look towards key US data

01/07/2015 08:21

Market Overview Financial markets are beginning to settle down after the significant volatility of earlier in the week. The hard facts are that although the IMF may call it being in “arrears&rd »


Aussie to Shrug Off Greek Woes?

30/06/2015 17:56

  • Focusing on the AUD/JPY

Will Greece leave the Eurozone? Or will it stay? Will the EUR/USD tumble to parity with the dollar, or will it quickly shake the dust from its feet and begin to rally again as the economic outlook bri »


Euro volatility continues with Greece set to default

30/06/2015 08:23

Market Overview Today is almost certainly the day that Greece will default on its IMF repayment of €1.6bn. The IMF may not necessarily treat it as an outright default yet as it will still want t »

Market sentiment plummets as Greece edges towards default

29/06/2015 08:26

Market Overview Suffice it to say, we can expect some significant volatility today. A chain of events has played out over the weekend which is now leaving Greece at significant risk of defaulting on »

Yen Vulnerable to Carry Traders

28/06/2015 13:21

Yen Vulnerable to Carry Traders Forex can be described as the financial market that is most vulnerable to the underlying trend.  This ultimately means that rising prices tend to continue rising, »

Tricky market consolidation continues as fx traders await Greek resolution

26/06/2015 08:30

Market Overview Financial markets are taking the uncertainty of the negotiations between Greece and its creditors rather calmly. Despite a very real risk of a default on 30th June, markets have held »

Greece negotiations going down to the wire as sentiment is hit

25/06/2015 08:28

Market Overview It was never going to be easy. When the euphoria of the new proposal for Greece swept the markets higher on Monday it all seemed too good to be true. The DAX and CAC up almost 4% on t »

US dollar strengthening as safe havens falter

23/06/2015 08:24

Market Overview Politicians appear to be more positive than at almost any other time over the past few months that a deal with Greece could be close. There is much that needs to be done (according to »


Gold and Silver Snapshot!

22/06/2015 08:38

The precious metal received a significant boost following the dovish FOMC statement few days ago and broke some important resistance levels including the $1,180, $1,190 and the psychological level of »


Focus on Eurozone summit with prospects of Greece deal

22/06/2015 08:29

Market Overview Market sentiment has lifted in the wake of new hope that there is some light at the end of the long dark Greek tunnel. Negotiations with the Eurozone over the years have tended to go »


Using Fibonacci to Figure the Euro

19/06/2015 12:45

  • Keep it Simple
  • Fibonacci Trajectory

Last time I wrote about the euro crisis, it seemed as though the tension and frustration surrounding Greece couldn’t go any higher – but it did. After a marathon of discussions and meeting »


Volatility surrounding Greece remains significant for market sentiment

19/06/2015 08:24

Market Overview The volatility in markets continues to play out with the negotiations over Greece remaining unresolved and the prospect of a messy default on the IMF debt growing by the day. With ove »


Markets still reacting to the FOMC ahead of crucial Eurogroup meeting

18/06/2015 08:18

Market Overview Although it seemed as though Janet Yellen played the latest FOMC press conference with a pretty straight bat, the market had not been anticipating a slight dovish change to the projec »


Commodity Currencies Snapshot NZD, AUD and CAD!

18/06/2015 07:53

AUD and CAD both appreciated against the greenback while the NZD gave back of all its gains made after the FOMC meeting. The NZD dollar is trading lower against the US dollar following 4 consecutive n »


Forex majors consolidate ahead of the FOMC meeting

17/06/2015 08:41

Market Overview The fixation continues with Greece, but increasingly forex markets have settled into a mode of consolidation in front of what could be a crucial meeting of the Federal Open Market Com »


15/06/2015: Greece remains a drag as latest talks end in nought

15/06/2015 08:16

Market Overview Market sentiment is once more under pressure into the new week as talks between Greece and its creditors have again failed to come to any resolution. Although the rhetoric from Greek »


WTI survives another attempt on $61.70 but for how long?

12/06/2015 08:16

The WTI crude oil remains stuck in a range between the key support level of $56.50 and the key barrier of $62.55. Yesterday we saw a break attempt above the suggested target of $61.70 but if failed, h »


Forex volatility continues as the dollar rebounds amid RNBZ rate cut

11/06/2015 08:24

Market Overview After a few days of respite, Greece burst back on the agenda yesterday with talk of a potential deal being struck. This caused a sharp rally on equity markets which are still volatile »


USD/JPY bulls are losing control as the pair is back below the 190.70

10/06/2015 08:49

A significant move has seen at Japanese Yen following the better than anticipated data and mainly the BoJ Governor Haruhiko Kuroda speech.  The Governor said that the Japanese Yen is we »


BoJ intervention finally encourages a turnaround for the yen

10/06/2015 08:21

Market Overview In the wake of last week’s Non-farm Payrolls, Treasury yields continue to move higher but equity markets have continued to stumble The dollar has also hit the buffers a little i »


US dollar paring recent gains on a day light on announcements

08/06/2015 08:27

Market Overview Financial markets will continue to digest the improvement in the Non-farm Payrolls report on Friday which drove a stronger dollar once more. The report will now stoke up the debate ov »


Greek payment delay drives a slightly negative sentiment with Payrolls due

05/06/2015 08:19

Market Overview Markets remain incredibly volatile, with huge intraday swings. The bond markets are continuing to drive sentiment across the board and yesterday’s sharp intraday turnaround on t »


Markets are cautious early on as the deadline for Greece looms

04/06/2015 08:19

Market Overview Yesterday was another absolutely remarkable session, as the Eurozone sovereign bond yields have continued to soar. Helped higher by Mario Draghi’s ECB press conference which sho »


Euro continues to push higher as Greece mulls over a potential deal

03/06/2015 08:17

Market Overview An incredible day yesterday has completely turned around the near term outlook once more. A whole raft of factors came together to strengthen the euro and weaken the dollar. The prosp »


WTI muted above $60.00 ahead of OPEC

02/06/2015 09:19

The re-emergence of the buying interest of the greenback has been weighing on the West Texas Intermediate throughout the last 3 trading sessions, as the commodity trades in a quiet mode slightly above »


Caution taking over trading sentiment with focus on Greece and economic data

02/06/2015 08:42

Market Overview Markets remain cautious/sensitive on Greece, which is moving ever closer to Friday’s deadline for the €300m repayment without a deal in place that would allow the debt to b »


Sentiment shows early signs of improvement as equities find support

01/06/2015 08:21

Market Overview The pressure is mounting even more this week as Friday’s supposed deadline for Greece to repay €300m to the IMF comes ever closer into view. The problem is that the negotia »


US dollar rebound begins to run out of steam in front of growth figures

29/05/2015 08:27

Market Overview The mixed signals regarding the prospects of a deal for Greece in the past few days have been difficult to fathom. Greece have been insisting that a deal could done by Sunday, whilst »


Euro looking to rebound with prospects of a Greece deal improving

28/05/2015 08:29

Market Overview The remarkable on/off saga over the possible deal that seems to be close (or not) between Greece and its creditors has had a significant impact on the markets. The improvement in sent »


Dollar Trends Remain Bullish

28/05/2015 04:14

Dollar Trends Remain Bullish Many in the forex markets have started to wonder whether the latest trends in the US Dollar have run their course.  There is a good deal of validity that comes with »


27/05/2015: US dollar retracing recent gains with a light economic calendar due

27/05/2015 08:21

Market Overview Janet Yellen’s perceived to be hawkish comments on Friday seemed to have sharpened the market’s view that any sign of improvement in the US economic data will be one step »


EUR/CAD 1.3400 and 200-SMA to provide support ahead of BoC

26/05/2015 10:54

The euro has potentially turned even more bearish against the Canadian dollar the last couple of weeks after breaking below the 50-period SMA and the 100-period SMA on the 4-hour chart. The EUR is str »


Dollar gathering momentum with breakout against the yen

26/05/2015 08:26

Market Overview With Janet Yellen suggesting that the Fed remains on a fairly steady path towards tightening, the US dollar has just regained the ascendency and is looking to gather momentum again to »


Markets still struggling for conviction despite slight dollar weakness

22/05/2015 08:17

Market Overview The markets have taken on a mixed outlook in the wake of the FOMC minutes on Wednesday. There has been an element of uncertain consolidation which has stopped the dollar recovery in i »


Markets in consolidation mode after Fed minutes reveal little

21/05/2015 08:30

Market Overview The strength of the dollar in the past few days has had a sizable impact and is changing the outlook on several key markets. However, there has been a muted reaction to the meeting mi »


GBP/USD recovers ground after bouncing at 1.5450 and the 100-SMA

21/05/2015 08:03

The pound was broadly higher against its G10 counterparts on European session on Wednesday after the BoE minutes were “slightly more hawkish” than expected. After the market caught by surp »


Euro selling pressure continues, signalling a change in medium term outlook

20/05/2015 08:20

Market Overview There has been a significant change in market tack in the past 24 hours. A whole string of factors have contrived to turn the market back towards the dollar. The dovish comments from »


Euro may need favourable economic data to prevent the correction from

19/05/2015 08:24

Market Overview There are mixed signals on Greece which are causing market fluctuations currently. Although Greek Prime Minister Tsipras appears confident that a deal could be close, other European s »


Trading is cautious as falling Treasury yields support the dollar

18/05/2015 08:19

Market Overview With US data continuing to disappoint, the expectations for Fed rate tightening are being pushed back. This is beginning to see a negative drift back on Treasury yields which is resul »


Where Are The Opportunities In Trading The US Dollar?

17/05/2015 07:15

Where Are The Opportunities In Trading The US Dollar? It is not easy to isolate many assets that have outperformed the US Dollar this year, and this has left many investors wondering whether or not »


Has the EUR/GBP Bottomed Out?

15/05/2015 11:40

  • The Technicalities of a Bottom

This week, apart from renewed dollar selling and a euro recovery, another trend seems to be emerging – the EUR/GBP seems to have temporarily bottomed. As Mark Carney lowered the growth forecast »


Settling bond yields giving the dollar some respite from the sellers

15/05/2015 08:37

Market Overview With US Treasury yields calming down their recent rise yesterday (on the back of a further decline in the US Producer Price Index), equities markets were able to regain some upside in »


US dollar continues to be sold off as bond yields pull higher

14/05/2015 08:23

Market Overview Financial markets continue to be pulled around by movements in the bond markets. Yields moving back higher into the close on Treasuries yesterday push selling pressure into equities a »


A slew of economic data to drive volatility on forex majors today

13/05/2015 08:26

Market Overview The bond markets are having a big say on the sentiment across other asset classes for the moment. Yesterday’s slight easing of the selling pressure on Treasuries has abated to t »


A near term bounce on EUR/GBP should provide a chance to sell

12/05/2015 08:30

Market Overview Reports suggest that Greece will be paying the c. €750m repayment that it owes to the IMF today. This comes despite the continued slow progress of the negotiations between Greece »


Greece back on the agenda as Eurogroup meeting weighs on the euro

11/05/2015 08:15

Market Overview As we move into the new week there are several key conflicting events that are driving sentiment. UK assets have been boosted by the return of a majority Conservative government (prob »


Swiss Franc Showing Major Double Top

10/05/2015 23:27

Swiss Franc Showing Major Double Top Forex trading is often thought of as an environment best suited for long term investors.  This is arguably because the forex market is governed by macroeco »


Debt Scenarios Still Weighing on Euro

09/05/2015 01:04

Debt Scenarios Still Weighing on Euro When we hear the words “sovereign debt crisis” it might seem as though we are reading financial news headlines from several years ago.  But when »


Sterling volatility soars as UK election shows Conservative victory

08/05/2015 08:33

Market Overview It has been an incredible night in UK politics which appears to have resulted in a rather shocking Conservative victory (still running on projections). This has had shockwaves across »


Can The Yen Turn Around?

08/05/2015 04:15

Can The Yen Turn Around? When we look at the weakest currencies of the year, one of the most obvious selections is the Japanese Yen (JPY).  There are many reasons for why this activity has been »


Sterling volatility starting to build as UK goes to the polls

07/05/2015 08:21

Market Overview There are significant questions that are being asked of the dollar bulls now as the Dollar Index continues to fall away and major pairs such as EUR/USD have broken out. The concern is »


US dollar coming under pressure again amid faltering economic data

06/05/2015 08:21

Market Overview A sharp deterioration in the US trade deficit spooked investors in the US yesterday that the strong dollar was beginning to have a significant impact on the US economy and that the di »


US dollar begins to rebound after the FOMC statement leaves all options open

30/04/2015 08:18

Market Overview Traders will still be trying to catch their breath after a volatile session yesterday driven by key US economic data. The GDP announcement kicked off the key moves with a much weaker »


US dollar remains weak ahead of the crucial FOMC meeting

29/04/2015 08:21

Market Overview From the reaction on the forex markets in recent days, it would appear as though there is not a great deal of confidence in the Federal Reserve moving further down the road towards mo »


Mixed outlook on markets as traders begin to position for FOMC

28/04/2015 08:28

Market Overview Markets are becoming increasingly cautious as the key FOMC meeting begins to dominate the thoughts of traders. It is notable this time around though that in the past few trading sessi »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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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