United Kingdom
Age 49
Biography
Steve Miley is the Market Chartist brings 22 years of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years, 10 years as a technical analyst, 5 years as in Fixed Income sales.
He is the current winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy 2013 and was the winner of Best FX Research & Strategy 2012. Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.
He has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including central banks, real money accounts, hedge funds and other financial institutions.
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  • Squawk / Yesterday at 6:55 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD shifts negative within a range; EURUSD downside risks

    When we last looked at GBPUSD and EURUSD on 28th January we highlighted a still bullish tone for GBPUSD and an positive EURUSD range theme.
    The growing threat for a potential No Deal Brexit through early February has seen a broad selloff in the Pound, with the GBPUSD Forex rate breaking key 1.2831/29 supports to neutralise the bull trend (with risks skewed lower for the balance of February).
    The EURUSD currency pair remains within a broad, intermediate-term range we define as 1.1214 to 1.1570, but with negative February price action leaving the skewed risks for an intermediate-term shift to bearish through the lower support level.

    See the full article here: https://www.forexfraud.com/technical-analysis/gbpusd-shifts-negative-within-a-range-eurusd-downside-risks
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  • Squawk / Yesterday at 6:36 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    US Dollar rally trying to revers by Shaun Downey

    US Dollar Index and EURUSD both reach major long standing USD resistance targets.
    BUT then signal potential reversals
    Reversal signals possible end of the USDJPY rally
    AUDUSD bear theme neutralised
    NZDUSD bullish threat

    See the full video analysis here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/us-dollar-rally-trying-to-reverse/
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  • Squawk / Yesterday at 6:28 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equities surge again

    A surge higher in global equity averages on Friday 15th February, dismissing the significant corrective setback seen on Thursday (after poor US Retails Sales data and concerns regarding the progress of US-Sino trade talks).
    The recovery Friday was driven by a more upbeat assessment of the trade negations from both sides and a short-covering squeeze as notable technical levels from Thursday were easily overcome.
    Here we look at the European and US benchmark averages, the DJ Euro STOXX 50 and S&P 500.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-surge-again/
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  • Squawk / Friday at 8:07 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    FTSE 100 stays firm, aided by a weakened Pound

    In our report here yesterday (Wednesday 14th February), we highlighted downside risks for the Pound into another Brexit vote, with a technical trigger for GBPUSD below the key 1.2831/29 support
    The GBPUSD plunge through here alongside broader Pound weakness is often a positive for the UK benchmark index, the FTSE 100, as it is heavy with exporters, who benefit from a weakening of Sterling.
    Here we look at the FTSE 100, which retains both short- and intermediate-term bullish trends, even with European and US equity averages dipping lower over the past 24 hours.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-stays-firm-aided-by-a-weakened-pound/
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  • Squawk / Thursday at 8:38 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound poised for a more negative signal into another Brexit vote

    The Pound remains under negative pressures in February, with threats of a potential No Deal Brexit growing, since the firm rally in January which was partially driven by a perception of a move away from this scenario.
    The Government faces another series of votes today, which leaves Sterling vulnerable again to further downside pressures.
    Here we focus on the GB Pound versus the US Dollar, GBPUSD, which is sat just above a significant technical support area and is also being encouraged lower by a strengthening US Dollar in the light of ongoing global economic slowdown concerns.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-poised-for-a-more-negative-signal-into-another-brexit-vote/
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  • Squawk / Wednesday at 11:43 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Elliott wave Analysis: GBPUSD and USDJPY by Gregor Horvat

    Hello traders today let’s take a look at GBPUSD and USDJPY pairs.

    GBPUSD made a nice five-wave drop from the 1.321 level, which is a sign of a completed higher degree wave C, and that a new bearish cycle is in play. We know that after a five-wave price development fully unfolds, a three-wave correction follows which can in our case look for resistance and a bearish reversal near the 1.299/1.300 region, or area of Fibonacci resistance ratios of 38.2/50.0.

    See the rest of the article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-gbpusd-and-usdjpy/
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  • Squawk / Wednesday at 6:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Stock market averages re-energizing 2019 bull trends

    The past week has seen correction activity across the major global stoic markets as ongoing global economic slowdown concerns have impacted on riskier asset classes.
    However, a strong recovery effort over the past 24-36 hours has been a reaction to hopes on avoiding another global shutdown and also from positive soundings regarding US-Sino trade negotiations.
    This has seen the major US equity averages push to new 2019 and recovery highs, whilst European indices have pushed back close to 2019 peaks.
    Here we spotlight the pan-European benchmark average, the DJ Euro STOXX 50 and the US broad stick market measure, the S&P 500.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/stock-markets-averages-re-energizing-2019-bull-trends/
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  • Squawk / 12 February 2019 at 6:39 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Euro stays vulnerable to further losses

    Significant downgrades in European growth forecast from the European Commission last week have subsequently weighed on the Euro.
    However, the EURUSD spot Forex rate had already been declining, through more seen as a consequence of US Dollar strength, with the US currency seen as a safe haven, given worries of a global economic slowdown.
    This has placed the EURUSD FX currency pair very close to a key support area at 1.1268/62, below which would see an intermediate-term bearish technical shift.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-stays-vulnerable-to-further-losses/
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  • Squawk / 11 February 2019 at 6:59 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Stock indices remain vulnerable to corrective losses

    Global share markets suffered significant corrective losses from the middle of the last week, although these setbacks are currently viewed as corrective within the context of strong 2019 recovery rallies.
    Nevertheless, the depth of the price erosion for major US, European and Asian equity averages highlights risks for further losses at least in the short-term into mid-February.
    This activity has reflected mounting concerns from latter January into early February of a global economic slowdown, more recently reinforced by a more dovish tone for the Reserve Bank of Australia, a disappointing New Zealand Employment report and significant downgrades in European growth forecast from the European Commission.
    Here we focus on downside correction risks for the UK benchmark average, the FTSE 100.

    See the full article: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/stock-indices-remain-vulnerable-to-corrective-losses/
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