Monthly Archives: July 2012

GBP: USD – Head and Shoulders

This looks another chart that reversal traders would be watching tonight

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Five Minutes a Day Trading

Trading and markets can be all consuming – they take as much time as an individual is willing to give. Many experienced traders work to reduce the amount of time spent in front of a screen. However, very few are … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , | 38 Comments

AUD: JPY – Swing traders MACD set up

It’s very early days yet but the Aussie Yen hourly caught my eye as the sort of chart that may develop into a typical MACD trader’s bearish divergence set up as we move into the European session.

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Aussie markets and the ECB meeting – some outlook thoughts

Investors around the world have increased risk exposure in recent days following ECB President Mario Draghi’s indication that lowering Spanish bond yields fell within the ECB’s mandate. Markets are now parked at around Monday’s levels waiting to assess details of what the ECB … Continue reading

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Dr. Draghi or: How I learned to stop worrying and love the euro

I took a couple of days off last week. When I arrived back at work I was amazed to discover that all the European financial problems had not been solved. If they had been commentary would have been much less … Continue reading

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Key week for markets as central banks meet

By Michael Hewson (Senior Market Analyst at CMC Markets UK) After the late Draghi induced rally of last week, attention this week turns to a number of key central bank meetings in what could well be a key week for … Continue reading

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Platinum – setup for a stronger Euro

Like gold, platinum peaked above $1900 per ounce last year but has fallen a lot further since. While gold is currently at $1618, platinum is at $1413. This reflects a much greater industrial component in the demand for platinum compared … Continue reading

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Australia 200 – Trust the Numbers

I’ve lost count of the number of times I’ve said “the investment metrics for the Australian share market are compelling” over the last months. Despite the recent rises in share prices, I believe this remains the case. But rather than … Continue reading

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EUR: USD – thoughts on the significance of the last 2 days.

Last night’s statement from ECB was a text book central bank “jaw bone”. A statement perfectly pitched and timed for a beneficial market impact without (so far) needing to commit more funds to push Spanish bond yields down. I mean this as … Continue reading

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NZD: USD – Head & Shoulders

Price has broken below the neckline of the head and shoulders set up, I posted on Monday. This post outlines one approach to trading strategy for readers interested in following progress.

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