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  • 19m
    John Shaw John  Shaw
    Great article Mike. Thanks for sharing.
    Oil is holding steady Mike. Big key for USDCAD for sure.
  • Article / 4 hours ago

    FX Noon: Apparently the week in FX is all back loaded, so we wait...

    Director / Accumen Management
    United Kingdom
    FX Noon: Apparently the week in FX is all back loaded, so we wait...
    German retail sales data was ever so healthy this morning, while the Reserve Bank of Australia sat on its hands overnight. Otherwise it’s been another one of those horribly quiet market days in the absence of any real news or flows to influence price action. This afternoon only sees us looking out for CADGDP as data of any real note and the risk here is for a softer print giving CAD bears further impetus to sell more of the Loonie.
    Read the article
  • Trade view / Yesterday at 8:17 GMT
    Day trade

    Corrective gains to continue in USDCAD

    Analyst / First 4 Trading
    United Kingdom
    Breaking down to the daily chart and the formation can either be seen as a descending triangle formation of a channel (flag). Both have an eventual bias to break lower but with ample room for buying before sellers return. We can also see reversing daily candles inside this formation.
    Read the Trade View
  • 3d
    donal wislow donal wislow
    This comment has been redacted
  • Article / Friday at 1:00 GMT

    Boy Scouts' motto of 'be prepared' is a salutary lesson for traders

    Managing Director / Technical Research Limited
    New Zealand
    Preparation is crucial when it comes to forex trading, especially as the vast majority of retail traders in this space lose money. To give yourself a headstart, it is important to read as much as possible about the market, including on the many pitfalls and mistakes. Particular attention should be given to risk management strategies and the need for patience and discipline.
    Read the article
  • Article / Thursday at 12:46 GMT

    FX Noon: Is price discovery just a distant memory?

    Director / Accumen Management
    United Kingdom
    FX Noon: Is price discovery just a distant memory?
    The onwards march of the algos and the market's increasing preoccupation with snippets of sound means the ancient art of price discovery has all but faded into oblivion. And while we have had a bunch of data this morning and a bunch more is on the agenda this afternoon, it would take something really surprising to jerk this market out of its stupor.
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  • Trade view / Thursday at 8:10 GMT
    Short term

    Further downside in USDCAD targeted as pair lingers under key average

    Partner at 3 C ANALYSIS
    United Kingdom
    The negative sentiment in USDCAD highlighted by Tuesday’s Inverted Hammer extended yesterday. A second down day in a row cemented prices beneath that 13-day moving average. The scope of the turn in USDCAD means sentiment is oversold but currently there is no sign of anything other than temporary intraday rallies.
    Read the Trade View
  • Squawk / Thursday at 7:03 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD Threat of a Top!!

    A still more significant erosion (from a new rebound peak, 1.2665), through 1.2418 has switched the focus back to key support.
    We now see a growing threat for a break of 1.2352 to signal a top and more neutral range theme, but then also below here for 1.2313, through which sees a more bearish shift.
    For Today: We see a downside bias for 1.2402 and below to test stronger foundations at 1.2361/52. We look for this area to hold, but surrender targets 1.2313.

    A taster of the report above. To view the full USDCAD report with screencasts, levels and more, click here http://ow.ly/JFjq3
    See all our FX and other reports by clicking here http://ow.ly/JFjCz
    Read the Squawk