AUD/USD: NFP Straddle Setup January 10, 2014
AUD/USD is testing a major support level, as seen on its daily time frame.
US
Are we seeing a paradigm shift in gold?
For gold bugs, 2013 was certainly a year to forget with the precious metal continuing its remorseless journey lower, a journey punctuated with minor rallies which promised much, but delivered little. To say it was a gloomy end to the year would an understatement.
Now the focus is on the US dollar
Ahead of Janet Yellen becoming FED chair focus has turned to the USD dollar and whether it is now set for a period of sustained strength, and one reason offered by dollar bulls as to why it still hasn’t taken off is because the euro is even stronger!
AUD/USD Forecast January 7, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
With the FED roadmap now in place – ‘normal service’ can be resumed!
With markets having been given a more or less clear roadmap for the future of QE, and so removing a degree of uncertainty, it now only remains for us to monitor closely our benchmark charts, namely the USD index and the VIX , whilst keeping a close watch on price action and volume.
A tale of two commodities – oil and gold
An interesting phase of price action for two of the most precious commodities over the last few days, with both gold and oil, testing key tipping points on the daily chart.
Tesla returns in spirit if not in body!
With so much media focus on shutdown & the debt ceiling crisis in the US, I thought that today I wouldn’t add further to the thousands of words being written and spoken. Instead, I want to tell you a story.
Global Markets Are Not Prepared For The German Election
Investors are expecting an eventual reduction of support by the Fed, and Merkel winning the election this weekend. However, what stock markets have not priced in is the resurgence of Eurozone troubles into the headlines. So what are the options, why is this important and how will this effect markets?
Summers over, Merkel manouvering, and FED flumaxed – another week ahead!
This week was always going to be a tricky one for both traders and investors, with the market’s primary focus being the FOMC meeting on Wednesday. The meeting at which the FED is likely to signal the beginning of the end of its bond buying program. Well, that’s the theory anyway, but given the less that stellar NFP data, this is far from certain.
The Yen Index – Barometer of Risk
As mentioned in the previous post, the Yen index can give us an excellent perspective of market sentiment, given the Yen’s unique position within the forex market as both a currency of safe haven and a gauge of market risk.