USD/JPY: still consolidating under daily resistance

The USD/JPY is currently consolidating below the daily chart’s 61.8% fib and this price action is forming up within a larger bullish pattern on the monthly chart time frame. Howe …
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US$ tests 100. TC algo doing well

The US$ has tested the key 100 level but the bigger test now will be to see how it performs from here. From a trading perspective, my algo has worked very well during the European …
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US$ weaker despite upbeat data: significant?

The US$ weakened during Tuesday’s trade despite upbeat US data and I’m wondering if this bit of divergence will develop, or, if it is just a function of month-end activity. Eit …
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FX radar for Thursday 24th

The US$ has caught a bid again following upbeat US data but I note that the Aussie and Cable holding their ground relatively well. The EUR/JPY and GBP/JPY are approaching long-term …
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Will 2017 be a 7-year itch?

I went to our local ATAA meeting on Monday night and the focus of the presentation was on Stock Markets: Cycles and Seasonality. There was a cycle noted on stocks, and more specif …
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S&P500: some of my thoughts…FWIW!

I have had a bullish target of 2,500 on my S&P500 charts since July 6th 2014. The issue for me since then though has been whether we would see a test of the 1,600 breakout regi …
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US$ and some Yen pairs

The US$ is still hovering near the 100 S/R level and, whilst some of the Yen pairs have been enjoying this move, any US$ pause here might offer some pullback opportunity on the the …
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GBP pairs: time to re-consider?

I have been leaving the GBP pairs well alone given Brexit uncertainty and the recent ‘Flash Crash’ reinforced this caution. However, with the shifting sands following the US E …
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US Election: pressure valve stuff?

The US Election result should be known within the next 36 hours and so here is a look at how a few instruments are shaping up ahead of this news event. Some still look to be coil …
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Markets, trend lines and Kenny Rogers!

I’m channeling a bit of Kenny Rogers over the next week with his mantra…’you gotta know when to hold ’em….know when to fold ’em’. The major news event for next week w …
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