World

In keeping with market expectation, the US Federal Reserve has increased interest rates by 0.25% buoying up the Greenback. Fed Chair Janet Yellen has finally shown some optimism on the US economy by signalling that the Federal Reserve will increase rates 3 times next year and that the US economy does not need to rely […]

For the second day running, currency markets have traded within narrow ranges. We’ve also continued to see Sterling gain some positive momentum against the euro, US dollar and most other currency pairings. Meanwhile, EUR/USD has struggled, and seems to be unsure of its true trend for the week, as it continues to yo-yo. Today, the […]

Today, the UK publishes one of its most scrutinised piece of data before the Christmas closure, the Consumer Price Index. With expectations of a rise to 1.1%, the pound could see gains this morning, although the US interest rate rise expected tomorrow may claw back Tuesdays gains & cause market volatility. The long term plan […]

The USD/JPY consolidated last week, and then began to trend upwards on Friday. There is a Bullish Confirmation Pattern in the 4-hour chart, and since the outlook on JPY pairs remains bullish for this week, the USD/JPY would also normally trend further upwards. The targets for this week are located at the supply levels of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair made some bullish attempt in the first few days of last week. Price rallied 300 pips, testing the resistance line at 1.0850, before it began a serious bearish movement. The bullish gains that were initially made last week, were eventually lost as […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 22 “It never ceases to amaze me the impact that controlling your losses has on your performance.” – Chris Tate Name: Crispin Odey Date of birth: January 31, 1959 Nationality: British Website: Odey.com A QUALIFIED LAWYER BECOMES A TRADER Crispin was born in east Yorkshire […]

Amur Minerals shares (LSE:AMC) are moving northwards. This is a bull market, and the recent bearish correction is just an opportunity to buy long when things are on sale, and in the context of a downtrend. 4 EMAs are used for the strategy and they are EMA 10, 20, 50 and 200. The color that […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold trended downwards throughout last November, dropping over 16,000 pips from the high of 1336.98 on November 9. The overall bias is bearish, and therefore, the bearish movement is supposed to continue till the end of the year. Right now, price is consolidating, and that is what it has done […]

President Elect Donald Trump has used Twitter to warn US companies about moving jobs overseas in the coming financial year, stating ‘35% tax on companies wanting to sell their products back across the border’. He took aim at US companies who want to produce products from outside the US, then sell them back into the […]

Sterling has opened this morning with huge gains, as Italian Prime Minister was somewhat destroyed in his attempt to reform the political structure. PM Matteo Renzi has resigned following the result, leaving the Italian political infrastructure exposed and not helping the debt positions the country currently has. The now Ex Italian PM, had promised to […]