It is hard to fathom, especially after the mixed GBP data that continues to trickle through, but the Cable is hanging on near 1.60 and even looking bullish as it sets up in a bullish descending wedge.
The first US session after FOMC was always going to be the test for the USD and, from my perspective, it hasn’t fared too well. The US session is yet to close but the gains printed during the Asian session have been lost during the US session thus far as the index now trades back below the major resistance […]
The rally with the USD post FOMC has assisted the Bear Flag patterns still building on the E/U, A/U and Kiwi. However all three flag patterns have major support levels below current price and I would still prefer to see a breach of these levels before being convinced that these flags are underway.
I closed out a number of Option trades this week that were in profit and I’m waiting to see the fallout from FOMC before loading up again. The following charts are those stocks I’ll be looking to trade in the coming weeks assuming there is no acute reaction and sell off after FOMC. I will be […]
After a bumpy start to October, global stock indices staged a bit if a recovery last week and so I thought I’d check on some charts as we head into the final week of the month.