February 26, 2014
I posted earlier about the dollar index forming a base and I was targeting some upside since then we have seen dollar buying, we are now at a trend line that has capped rallies so far, should we push higher expect the 80.41 to come into play.
February 26, 2014
Good day everyone, As you might have noticed you didn’t have updates from me for the last week as I was away on a business trip. We have been trading in range since then though and have taken some nice profit on our Cable trade. Took some positions off in AUDUSD keeping our original position… View Article
February 26, 2014
26/2/14 (12.00pm) Yesterday Gold pushed up to finish at a four month high with investor concerns over the economy after weaker than expected consumer confidence data out of the US as well on worries linked to the Chinese economy. The Conference Board reported that consumer confidence hit 78.1, which fell from 80.7 missing expectations of… View Article
February 26, 2014
Despite yesterdays miss on US data we have seen buyers come in with what looks like a potential base forming on the dollar index. I was buying this dip in the dollar looking now for a break of the 80.41 resistance and the 4 hour 100 exponential moving average, as this is a range market… View Article
February 25, 2014
We have seen some sharp moves in GBPUSD today taking us as far as the 1.6722 before strong selling pressure took us straight back down to the 1.6640, the market now waits for the rumored GBPUSD fix for the Vodafone deal. Last friday caught traders long GBPUSD. I am still short stops above the 1.6735.
February 25, 2014
US February consumer confidence and the Richmond manufacturing index both miss on expectations. This is now weighing on the USDJPY now approaching some support levels. With risk off sentiment increasing. We are seeing dollar buying against other fx pairs as EURUSD, GBPUSD and AUDUSD all come under some downside pressure on this data release. We have the 4pm… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
