Yellen Adds to USD / Rate Rise Confusion

Yellen Adds to USD / Rate Rise Confusion
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Market Report A mixed week of data last week with US data giving us ammo for the bulls, stronger CPI, and for the bears, weaker GDP.  Yellen also over the weekend gave us bullish comments followed be bearish detail. Confused ? Don’t worry. SO is the Fed it would seem! Right. Let’s look to the […]

Currency Wars

Currency Wars
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Forex Market News Currency Wars! What are they? Who’s fighting and what are they fighting about ? How does it affect us? ‘Currency Wars’ simply refers to the situation where a number of countries are effectively competing to devalue their currencies. They are doing this to ‘cheapen’ their currency in order to either export their […]

USD Catches its breath, for now

USD Catches its breath, for now
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Forex Market News Finally some retrace and pullback in the USD.  It all started yesterday with the failure of the RBNZ, disappointing the market with its  inaction or  significant change in outlook. This sent the NZD higher, effectively starting the USD pullback. Throughout the Asian session the EUR tested and took out the option barrier […]

The Strong USD Rolls On

The Strong USD Rolls On
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Forex Market News Captain America is back!!! With a lack of anything new overnight or yesterday, the USD has continued its momentum higher.  We had an attempt at some USD pullback on Monday into the European trading session, however it didn’t take long for the market to pull the trigger and start buying USD. USDJPY […]

Strong Payrolls, Strong USD

Strong Payrolls, Strong USD
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Forex Market News US Feb Non-Farm Payrolls Change +295K v +235Ke US Feb Unemployment Rate 5.5% v 5.6%e That explains it all!   Strong US data sent the USD higher across the board. The market certainly got what it was looking for, although the wages growth component was slightly disappointing. UST yields rallied, oil traded heavily […]

ECB Acts, BOE Stands Pat, USD Rallies

ECB Acts, BOE Stands Pat, USD Rallies
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Forex Market News ECB Mario Draghi, as expected, announces the start of the ECB government bond buying program on March 9. Buying bonds with negative yields up to the Deposit Rate (-0.2%). Monthly purchases totalling €60B, targeting inflation in line with ECB’s 2% objective. EUR had an initial nasty spike above 1.1100, (that should probably […]

Choosing an Effective Indicator

Choosing an Effective Indicator
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Forex Market News RSI – Relative Strength Index Stochastics MACD – Moving Average Convergence Divergence What to use, when and why? Not sure which technical indicator to use and when to use it? I get asked this all the time. Which one is the best or most effective? RSI, Stochastics, MACD? As a general rule, […]

The Swiss Franc: Where to From Here?

The Swiss Franc: Where to From Here?
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Forex Market News As the dust settles from the surprise move from the SNB and volatility returns to the artificially capped currency, so do the trading opportunities. Instead of complaining or standing back in shock, now is the time to jump in and get busy doing your technical analysis and identify the setups. Generally when […]

End of Year Trading

End of Year Trading
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Forex Market News As November comes to a close with the US Thanksgiving holiday and Xmas fast approaching, now might be a good time to keep an eye out for ‘end of year’ trading volatility and market opening hours.   Pull out your calendar, or should I say pull out your iphone and check your […]

No Rest for the Wicked

No Rest for the Wicked
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Forex Market News Just when you thought you could take a break, here comes what could well be the biggest week of the month !!! Now with the FOMC out of the way and the FED completing its tapering of its QE bond purchasing program, and more importantly giving further indication of a ‘substantial improvement […]