Tag Archives: currencies

CAD/JPY “History Rhymes”

Yen weakness on the re-election of the LDP in Japan appears to anticipate the new government pressuring the Bank of Japan to further increase liquidity. While this may eventually be the case, and while favouring Yen weakness overall, in the … Continue reading

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Euro possibly set for a new step lower

One of the things that I have noted in recent weeks has been the relatively comfortable trending behaviour of the cross rates and the hugely erratic nature of the spot rates. This is not just from the last few weeks … Continue reading

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AUDUSD – Key Moving Averages to Tell the Tale

The AUDUSD has been one of those slightly irritating trading pairs of late. Irritating because it has been tough to lump in with all the other currencies due to its often strong performances relative to currencies like the euro. Whilst … Continue reading

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Mean reversion and the great headline turnaround of 2012

Was it the news itself or the fact that European leaders found some common ground that drove markets higher? Whatever the case I think what we have seen in a number of markets is something of a bump on both … Continue reading

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Half a step taken in the Euro-3-Step

This afternoon the news hit the Bloomberg terminal that the financial world had been hanging out for -“Euro-area leaders agreed to drop the condition that emergency loans to Spanish banks give their governments preferred creditor status, European Union President Herman … Continue reading

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I don’t want to stir up trouble….however

I sometimes fear that we worry about the wrong things when it comes to the financial markets. There are always swags of things to think about and it can cover any timeframe that you care to name from where the … Continue reading

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Sell AUDUSD on failed rally

The AUDUSD made quite a stellar retracement from below USD 0.96 but it seems now that negative weight may be becoming too much for the price to continue. The Aussie has been remarkably resilient compared to a number of other … Continue reading

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Buy Gold on Pennant Breakout

When you look at the 4 hour chart of gold you can see the large symmetrical triangle that we have recently broken out of and the sharp rise in price that has followed from it. You can really judge the … Continue reading

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EUR/AUD – Downtrend resuming – setting up for sell trade

One of the things that can be most valuable to trend traders is to align their setup search over a number of different timeframes. This usually means looking at monthly, weekly, daily etc charts to find alignment in direction. I … Continue reading

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GBPUSD – Hourly Chart at Key Level

Whilst there has been little in the way of positive to grab hold of in recent sessions it has been quite notable that prices in a number of key indices have been finding a goodly degree of support in recent … Continue reading

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