Monthly Archives: September 2012

Buy AUD/USD ahead of Rates Disappointment

Interest rate markets today are pricing a 65% chance that the RBA will cut from official rates next Tuesday. Global events ahead and stronger Australian house prices, combined with bullish chart behaviour, make a case to buy AUD/USD ahead of … Continue reading

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Posted in Forex, Market, Trading

AUD/JPY – Get Ready for Action

Rarely would I look at a chart in such a clear ranging pattern and try to create excitement about it. This chart is one of the rare occasions because I think for traders it has some potentially useful characteristics. One … Continue reading

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Posted in Forex | Tagged , , , , | 3 Comments

The USD Puzzle

Recent US Dollar strength has many traders scratching their heads. While fundamentals and technicals tend to drive markets in the longer term, market positioning – whether mainly short term traders have bought or sold – can dominate for short periods. Not only would … Continue reading

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Posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , , , , | 2 Comments

Want to buy the dips? Try CSR

One of the most used phrases that you hear in financial markets is ‘buy the dips’. Like all of these bits of apparent genius it tells you less than the full story. The thing that you are really looking to … Continue reading

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Posted in Shares, Stocks, Trading | Tagged , , , , | 2 Comments

Sell EUR/AUD on Position Break

The EUR/AUD traded a solid up trend from 1.1600 to 1.2550 – an impressive nine big figure climb a colleague described as “the gift that keeps on giving”. However, there’s a clear trend break on the charts, and combined with … Continue reading

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

Euro sighs and yawns into another session – Plus a trader poll

Despite my somewhat nonplussed title for this blog there is actually interesting stuff going on here today so keep your eyes open in the next 24 hours. As I suggested last week there is some weird stuff going on with … Continue reading

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

Gartley Sell – First Horizon National respecting Fib cluster

It has the feeling of a busy week coming up for the market but I’m not sure that it will be huge in a directional sense – not that being ‘sure’ of things as a trader necessarily adds up to … Continue reading

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Posted in Market, Shares, Stocks, Trading | 2 Comments

Aussie 200 at a tipping point across timeframes

As I have often suggested in the past I think it’s very important to look at potential trades across a range of different timeframes so you can most readily identify points of support and resistance that may interrupt price trends … Continue reading

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Posted in Market | Tagged , , , , ,

Buy DJ’s on Charts and Strategy

The outlook for “bricks and mortar” retailers has been poor for years. Cautious consumers and the rise of online shopping combined to smash share prices in the sector. David Jones (DJ’s) results announcement this week may mark a turning point, … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , ,

I told you I was sick – and other European oddities

When it comes to having fun on a Thursday night nothing beats sitting and watching the EURUSD as you wait for the results of the Spanish bond auction. In a similar fashion to waiting for the NYE fireworks to begin … Continue reading

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Posted in Bonds, Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , , , , , , , , , ,