Fri 4th July (4.30 pm) GBP/JPY: I actually think this pair could head to the 200 level which is the region of the 61.8% fib level of the 2007 -2011 bear move. The June monthly candle close above the monthly 200 EMA and the hold above the key 173 level are quite bullish signals here: GBP/JPY monthly:

1st July 2014 June has now closed and we have yet to see the ‘Sell in May and Go Away’ phenomenon for 2014. In fact, it has been the quite the opposite. The S&P500 and DJIA have recently made bullish ascending triangle breakouts and the NASDAQ made a ‘Bull Flag’ breakout and has also made […]

Wed 18th June With the proverbial ‘calm’ before the ‘FOMC and BoE storm’ I thought I’d take a look at the S&P500 and try to identify potential targets for both bullish and bearish movement options. This heavy weight index is currently paused just under its major high but above a significant triangle breakout region:

Wed 18th June ( 6.45 am) US Stocks made small gains overnight ahead of the important FOMC announcement whereas the mood has been more cautious with FX. Indices:The USDX has bounced, yet again, off the support offered by the weekly 200 EMA. The EURX is looking a bit vulnerable:

Sunday 15th June Planned export of Australian LNG may trigger trading opportunities for those stocks within this sector. I have been advised that LNG exports from Queensland are scheduled to increase towards the end of the year and it was suggested that local gas prices might increase significantly to keep pace with prices that will be obtained for the export LNG. Thus, I thought […]