Charlie Burton on Gold
I haven’t written for Simon in quite some time due to my own failings for contributing material regularly! Anyway, it’s great to be back and my aim each week will be to look across the…
I haven’t written for Simon in quite some time due to my own failings for contributing material regularly! Anyway, it’s great to be back and my aim each week will be to look across the…
These hot summer days encourage people from all professions to slow down their activity and enjoy more time with family, friends and wine! Never is this seen more in the markets where traders traditionally are…
Before I go into this week’s commentary, I wanted to briefly cover off the subject of wanting to be right. I see so many traders fixated on being right or wrong and yet they are…
The Euro/USD enjoyed a decent pop last week with the aid of the non-committal Janet Yellen on FOMC. Many traders were looking for a break below 1.35 but on that occasion, they weren’t going to…
The Pound is seeing levels not seen since 2009. It has hit 1.70 against the dollar with the 2009 high being at 1.7040 so that absolute high is not far away. Unsurprisingly we are…
The expectation of a bounce in USD/CAD in last week’s email was spot on and it duly ran up to the daily 50ma this past week. Thursday’s ECB event saw volatility increase dramatically with some…
The USD/CAD has an interesting chart pattern currently. It has drawn back to the lows of early May (as I write) and we have the 200dma looming down at around 1.0750 currently. I believe there…
We looked at the AUD/USD currency pair several weeks ago when it was pushing for new highs for the year above 0.9400. I warned of the weekly chart looking overstretched and to be observant for…
Following last week’s comments regarding the Euro, it’s worth looking in on due to the continued sell-off since posting that key reversal day. It’s closing in on the 200dma that we discussed last week so…
All eyes were on the ECB press conference yesterday to see what Mario Draghi had to say and it was during the Q&A that he indicated measures could be taken in June. If they start…