Sell GBP/JPY Cluster Signal

Many traders have a favourite indicator or signal. Others try to remain agnostic, choosing the most appropriate signal for market conditions. However, many traders agree that several indicators pointing in the same direction is a stronger trade signal.   A potential triangle break, through the “big figure” of 170.00, would likely see the MACD cross […]

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Trading Alert – AUD and Commodity Currencies

The calming of market concerns over the re-unification of Crimea with Russia is benefiting risk assets generally, and commodity currencies in particular. The AUD and NZD strengthened overnight. While CAD has been weakening against the USD, and NOK is towards the middle of a trading range, the overnight moves put AUD and NZD near one […]

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Market Update and USDJPY chart setup

Last week I looked at a possible “abc”  correction setup emerging in USDJPY. This didn’t happen. Instead we might be developing a useful USDJPY chart setup in the form of a triangle pattern

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Looking for something to buy? – Check eBay

If you’re a natural bull, smarting at the all the bears and gold bugs coming out of the wood work over recent days, eBay might be a chart for the watch list

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German 30 – 3rd strike and it’s out?

The DAX looks interestingly placed tonight as it shapes up to another test of resistance before the IFO business survey indices

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Buy dollar strength

Weakness in USD/JPY appears to go against the fundamentals. The US Federal Reserve is nearing the end of its stimulus program while the Bank of Japan contemplates increasing its injection of funds. Less Dollars and more Yen should equal a higher USD/JPY, right?

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Right here – Sell EUR/USD

European data remains weak, despite strength in share markets. European Central Bank monetary policy is likely to remain “accommodative” for a long time to come. In the US, strong economic numbers, a solid start to company reporting season and Fed commentary all point to the end of stimulus efforts. This should mean a weaker EUR […]

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Gold Triangle Break

Gold is offering a potential triangle break out. Conventional market wisdom is for higher gold prices, whether as a result of central bank stimulus or a break out of inflation. At the more extreme end of the “gold bug” spectrum are theories predicting the end of fiat currencies (paper money) and the resurgence of gold […]

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Buy EUR/USD on Incompetence

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared to hit the mark, as there are already reports that European finance ministers “continue to […]

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AUD/JPY – a chart for today’s employment number

It would take a crazy brave blogger to make firm predictions about a volatile number like today’s employment statistics. I’m not sure that’s me. I do think though that today’s figure has the potential to be a decent market mover when it”s released at 11.30am. Aussie Yen looks like one of those charts that could provide short term traders with logical […]

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