The broad marketplace continued to trade under the clouds from the possibility of an ‘oil shock’ as political tensions continue to mire North Africa. Global investors have watched as international bourses have largely lost value. The USD...
Thursday’s trading continued to mirror the fact that most investors remain quite cautious within the broad markets. The currencies largely turned in a day of consolidated trading, global bourses hovered around known values, and commodities were lackluster....
Moving averages are extremely helpful tools in determining trend direction and intensity, but the longer averages significantly lag the market when a turn comes. Evaluating shorter term moving averages can be more useful in these situations.
The USD and EUR continued to offer a complex mix on Tuesday as the greenback gained against the Single Currency. Nervous sentiment has not abated regarding either currency as a great wave of debate has ensued about...
EURUSD The Euro has now pulled back to the 100 period EMA, and is stalled in the key resistance area between 1.33 amd 1.3450 (first established back in September). The 50 EMA remains below the 100 EMA,...
EURUSD The decline of the Euro is not a new event. A look at the weekly charts shows us a consistent decline from mid 2008, with prices managing new lows, and weaker highs on each major move....
The term ‘overdone’ sometimes comes up in trading when talking about moves in various markets where the price action is perceived to have been too strong. This is a frequent case in commodities where certain resources can...
The Sterling continued to trade under the influence of a EUR centric shadow on Monday and although this is likely to stay the same today, it must be noted that Manufacturing Production numbers are due today and...
Like a well practiced song the JPY finds itself back in the stronger depths of its water versus the USD as Asian traders have once again shown a well trained ability to seek risk adverse positions when...
AUDUSD The Australian dollar bounced smartly on Friday, bringing levels up to a critical region. Prices stopped right at the 61.8% Fibonacci retracement which often provides significant resistance. The rally stopped just shy of the very strong...
