Whilst the futures contract for the CAD/USD finished higher yesterday the move was less than convincing, with a shooting star candle being formed on the daily chart, and despite the closing price finishing above all three moving averages, this is a warning signal, given the length of the upper wick. In addition we also need [...]

Yesterdays wide spread up candle added to the bullish tone following Wedneday’s wide spread up bar, which reacted to the FED news in the evening along with many other major currencies around the world. With the futures price now having cleared the resistance level at 0.678, this should provide support for a move higher in [...]

USD
Yesterday’s sharp rise in the usd chf was largely as a result of the action taken by the Swiss National Bank in order to combat the threat of negative inflation, and the following is an excerpt from their press release:-
“The economic situation has deteriorated sharply since last December, and there is a risk of negative [...]

With the USD/EUR currency future once again failing to penetrate the 0.78 region, the contract now look set to retrace further from the high of last week, with prices falling below both the 14 and 40 day moving averages. With a bearish sentiment to the daily chart, we will need to see some strong signals [...]

Following the sharp rally on Monday with the wide spread up bar in the usd/gbp currency future, this failed to follow through during the remainder of the week, with each subsequent day moving off the high of Monday. However it is interesting to note than none of these candles have formed wide spread bars, suggesting [...]

Hi and welcome to another of my sites which is in the process of being upgraded to the new platform. This should be finished by this evening so many apologies for any inconvenience and please do check back tomorrow when the site will be up and running again - kind regards Anna

With the stock markets recovering, what is in store for the future of the US dollar. Will it continue to retain it’s safe haven status, and how will it perform against other major currencies around the world. With all currency futures based on the US dollar, forecasting the future direction of the world’s leading currency [...]