Forex Trading Opportunities in July

Forex Trading Opportunities in July
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June gave us a few nice trend trading opportunities, with gold in particular standing out with a massive rise in price. However, we also saw some crazy price action in another non-traditional currency, namely bitcoin, which is now clearly out of its year-long bear market.   Fundamentally speaking, the backdrop is pretty much the same […]

June Trading Insights from David Long

June Trading Insights from David Long
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So, the MSCI World Index just recorded the best June performance ever! Pushing global stocks to record highs and a return of 15.5% for the year so far. Doing this run all in front of an expected recession. Go figure. The turn around? You can thank the Fed’s back flip, succumbing to pressure from both […]

May Trading Insights from David Long

May Trading Insights from David Long
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The RBA surprised the market with not moving rates on May 7th. As we wrote, the market would jump but fade that rally as it would not last long. The Aussie dollar peaked at 0.7047 immediately after the announcement and fell all the way to 0.6863, then we had an election. There was always going […]

April Trading Insights from David Long

April Trading Insights from David Long
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April proved to be as expected, choppy and nasty for currency trend traders. The first two weeks was same old froth of back and forth. Then the Greenback began to run from the 18th and finally broke out of its range on the 24th to peak late that week. We are now seeing some selling […]

March Trading Insights from David Long

March Trading Insights from David Long
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Last month we mentioned that the FX market would be rather choppy due to the lack of direction from any Central Bank. Central Banks in the major economic blocs are all sitting still. Japan still has heavy hand in Quantitative Easing but is still keeping rates at negative 0.1 and not moving. Australia’s RBA has […]

February Trading Insights from David Long

February Trading Insights from David Long
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A choppy month of price action in currencies for February 2019. The EURUSD crossed its 5 month range from 1.15 to 1.13 and back into the middle of 1.14. The Aussie dollar was stuck between 72 and 71 cents for the month, the Kiwi between 69 and 67 cents and the Loonie between 1.30 and […]

January Trading Insights from David Long

January Trading Insights from David Long
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During the last six months of last year we discussed and watched the yield curve flatten and knew the economic cycle in the USA had peaked. The US Fed continued to raise rates, increasing the funding costs for banks and institutions. The last hike was in December to 2.50%. This had the direct impact on […]

November Trading Insights from David Long

November Trading Insights from David Long
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November has ended unchanged in price levels from the start of the month, in many markets. Despite the USA Mid-Term elections and a dovish about turn by the US Fed we really have had no net change. The Christmas rally, which occurs 70% of the time, failed to materialise this year – so far. The […]

October Trading Insights from David Long

October Trading Insights from David Long
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Trade war rhetoric weakened throughout the month, despite the tariffs coming into effect and China refusing to sit down and talk with the US anymore. The markets most sensitive to a trade war (commodities and commodity currencies plus emerging markets) all gained against the greenback this month. Just this week however, we had the FOMC […]

September Trading Insights from David Long

September Trading Insights from David Long
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Yet another testing month is behind us. With the US dollar still stuck in the range between 95.20 and 93.40. Commodities fell early on in the month thanks to trade war escalating, but as the war disappeared from headlines the commodity market found a floor. Gold has been sideways for last week or so and […]