July 16, 2014
We are now almost 300 points onside on our EURUSD and will see how it plays out today and the US wakes up and enters the market. If it closes bellow 1.35 today then we will let it run all the way down to 1.32 and reassess it then. If it doesn’t break the 1.35… View Article
July 15, 2014
In her semi-annual monetary policy testimony to the Senate Banking Committee today, Fed Chair Janet Yellen stuck to her existing message, stressing that even though “measures of labour utilization have… registered notable improvements over the past year”, “significant slack remains in labour markets.” As a result, Yellen appears in no rush to begin normalising… View Article
July 15, 2014
15/7/14 (13.00 pm) Expectations of an extended gold rally have been severely broken with yesterdays 2.5% slump its biggest one day decline since early December as fading uncertainties over Portugal’s banking sector and a gain in US markets pushed investors to take profits. The decline from $1340, through the key $1320 support level has put… View Article
July 15, 2014
Here is a trade that I have been waiting for a long time. I wanted it to touch 1.06 and hold before I got in long. Unfortunately it never got there and I am now missing 60 points on my long trade. Not a huge amount but still would rather have it than not. I… View Article
July 15, 2014
We have seen cable come off recently and has finally come back down to a strong level of support that was previously resistance at 1.706. If it is to break a move on the downside should be present but in my opinion it will hold as it looks like a pullback on a stronger uptrend… View Article
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