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  • Squawk / 3 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    A negative EURUSD outlook, but GBPUSD is indecisive (with a downside bias)

    A restoration of a US$ Dollar strength from late November and into early December against many of the Major currencies.
    This has been driven by progress of US tax reform legislation and a broader “risk on” outlook on markets in to year-end.
    For EURUSD, we see a broader range environment, defined by 1.1553 and 1.2089, but with the asymmetrical bias to the downside.
    GBPUSD is also in a wider, non-trend range, seen as 1.3026 and 1,3658. Despite recent gains into Brexit negotiations and progress, more recent price action switches the immediate bias back to the downside.
    Read the Squawk
  • Squawk / 3 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY and USDCAD aiming higher

    A renewal of a positive US$ Dollar tone into early December against most G10 currencies, with US tax reform legislation moving forward and with a general “risk on” trading environment resuming.
    The US Dollar rallied into the November US Employment data release at the start of December (on the 8th) and stayed resilient through the posting of this data.
    For both USDCAD and USDJPY this sets the bias for further upside challenges to resistance into mid-December and through the holiday season into year-end.
    USDCAD aims above the key peaks at 1.2909/15/17 towards 1.3347 and 1.3550.
    USDJPY targets the key 114.73 peak, possibly for 115.50/63 and maybe 118.65, the late 2016 cycle peak.

    See the full analysis with video here:
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  • Squawk / 4 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Strap Yourself In As Bitcoin Futures Arrive by Stephen Pope

    Bitcoin futures launch creates excitement as they surge past $18,000
    There are many powerful voices for and against the concept
    It marks the most dramatic financial leap into the dark since the 2008 crisis
    Questions are being raised if the contract will soar high, or crash and burn?

    See the full article and analysis here:
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  • Squawk / Friday at 21:47 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US financial markets crawled into the close on Friday, with stocks, bond yields and USD all up modestly.

    The 2 year v 10 year bond spread, a measure of yield curve shape, is back up to 59 bp from 50 bp earlier in the week. That’s helping USD,

    USD may get another boost after the Fed’s meeting winds up on Wednesday

    The Bitcoin bonanza continues although the price had slipped back to $15000 by mid-afternoon.

    It may be speculative but at least there’s no negative carry – as there is in 16 global bond markets (see chart).

    Who owns all those Bitcoins? It seems the Winklevoss twins of The Social Network move fame have a haul worth about $1.7 billion.

    And by the look of it, someone else is in the money (see photo)
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    Treve Treve
    Great end of Week coverage Max. love the Pic!!!
    Patto Patto
    Re Bitcoin: Don't tell me what to buy; tell me when to buy it !
  • 2d
    alki alki
    „ The FX mice take the bait, the bar snaps down, and mouse-guts splatter over the trade blotter.” :-)))))) A very „graphic” metaphor, Mike!
    Michael O'Neill Michael O'Neill
    I'm glad you were amused. :) If you were short at 1.2660, you would have felt like the mouse.