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Markets

The Chart Pack: A monthly look at long term trends for Forex and Commodities

The purpose of this pack:

  • Context is everything in markets.
  • Many traders use lower time frames in their day to day trading activities – think 15 minute, 1 or 4-hour charts. I myself trade off daily bars. And I believe

Your Morning Quote …

With UK data printing at its weakest levels since Brexit can Sterling hang onto 1.30?

1.3050, or there about, is the 38.2% retracement of the pre-Brexit high and the post-October flash-crash low. It was mine, and clearly plenty of other trader’s target for a retracement in GBPUSD.

But since bouncing to this level Sterling has …

A dovish Fed lifts stocks and hits the US dollar: Markets Wrap

Dovish FOMC minutes and a gradualist approach to trimming the Fed’s $4.5 trillion balance sheet helped lift the S&P 500 to a record close this morning. At 2404.39 the S&P is up 0.25% after a 6 point gain. The Dow …

Your Morning Quote …

The Australian dollar found the air too thin above 75 cents – what’s next

The Australian dollar traded to a high of 0.7516 overnight before being chased back to a low of 0.7470 as the US dollar got its mojo back knocking the Euro for six and drive solidly through forex markets.

Exactly why …

Stocks up again as risk appetite returns and the US dollar finds its feet: Markets Week

Stocks are up again this morning as US traders again took the S&P 500 above 2400. It’s dipped a little from there at the close but the overall rally of 0.2% to 2398 leave it just below the record highs …

Your Morning Quote …

Can Angela Merkel’s comments drive Euro through 1.14

The election of president Trump as US president has been a game changer on many political conversations across the globe.

Whether it is America First, trade relations, getting partners to in NATO – and other alliances – to spend more …

The Australian dollar has broken a two-month downtrend

The drivers of the Australian dollar are not fixed.

That is to say that there are clear indicators of value and direction traders and investors watch. But from time to time the weights that buyers and sellers of the Aussie …

The big shift in speculative positions in US bond markets helps explain why the US dollar has been so weak

The US dollar has been under a lot of pressure recently as the data flow weakened and as bond rates headed back toward 2.20%.

That combination is a clear sign that even though stocks remain well bid many traders across …