Introduction As I am based in the UK, I don't generally like to trade on Friday afternoons when the US markets open. I prefer to close out any positions before then and finish early for the week. That's because Friday's price action can be … [Continue reading]
Trade Set-Up The tragic events that took place in Gaza over the weekend unsurprisingly caused the price of oil to spike sharply upwards on Sunday evening and into the early hours of Monday morning. However after hitting a high of $86.11, the … [Continue reading]
Introduction Monday is often a difficult day to trade in my experience because there is often very little newsflow, and the currency pairs are slow to make their initial move for the week. For that reason I will often not enter any trades at all … [Continue reading]
Introduction As we enter a new month, we can see that the USD/JPY recorded another strong month in September. The price closed the month out at 1.4934, just 66 points off the key round number of 1.5000. Subsequently, this was the 5th month out … [Continue reading]
GBP/USD Weakness With the Bank of England keeping interest rates on hold this week after better than expected inflation numbers, it is no surprise that the British pound has been selling off hard. Higher interest rates attract overseas … [Continue reading]