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 […]

Global Equities Spoil the USD Rally, For Now

Global Equities Spoil the USD Rally, For Now
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Forex Market News Not a great deal to report after yesterday’s disappointment from the RBA ! Although the spike higher in the AUD in the preceding minute before the official release at 2.30pm has sparked some growing concern. The USD looked good at the start of the week but has once again stalled at the […]

RBA Action Day

RBA Action Day
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Forex Market News As usual we had a relatively quiet start to the week after some late action last week following an improved US core CPI, which put the USD back on the front foot. EUR led the way breaking through strong recent support at 1.1260 opening the door for another test of January’s low […]

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 […]

Central banks at it again!

Central banks at it again!
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Forex Market News Another Central Bank surprise overnight. They are getting good at making market professionals like I look like fools. Not one person predicted the BOC to drop rates by a quarter basis point to 0.75%. The Loonie jumped 200 pips on the news and has added another 100 since. 2015 is starting to […]

The Draghi Protocol

The Draghi Protocol
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Forex Market News In what was a pretty quiet trading session thanks to the USA market holiday for MLK Jr oil still makes the headlines. This time it was Iraqi stockpiles that slapped the bulls back down, with price currently down another 2.4% at 47.52 (WTI). However, it is Draghi and the ECB that is […]

Commodities and Bankers

Commodities and Bankers
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Forex Market News Oil Oil spent most of the day sideways, despite an increase in inventories (read even more supply). However in the last 2 hours both the WTI and Brent futures markets has jumped 4%. Not much to read into this other than bargain hunters hoping that the low 44’s are the lows in […]

2015 starts the same as 2014 finished

2015 starts the same as 2014 finished
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Forex Market News Hello dear readers, welcome to 2015. Much of what was happening to the end of last year still continues into this year and should continue for some time yet. I am talking the two major stories, being oil and greenbacks. OIL Both these stories are well known now but they are not […]