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 / Thursday at 5:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD – Euro positive short-term

    The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
    The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
    Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
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  • Squawk / Wednesday at 7:00 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    European equity markets head North

    A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season.
    Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 2019, assisted by solid consolidation phases seen in March and more recently in early April.
    This activity leaves risks for still further gains as markets continue to overcome resistance levels from last year (with US averages eyeing all-time highs).
    A more recent negative tone for GBPUSD has assisted in pushing the UK benchmark equity average, the FTSE 100, higher.
    Whilst an improvement in German economic data over the past week has allowed for a robust advance by the German flagship index, the DAX.

    Full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-markets-head-north/
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  • Squawk / Tuesday at 7:07 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound paralysed post-Brexit extension

    The UK government and EU agreed a flexible extension (flextension) to the Brexit negotiation process last week, which avoided a “no deal” Brexit, which would normally be expected to be positive for the Pound.
    However, Sterling has been paralysed with muted directional progress versus the UD Dollar or Euro since the extension was agreed.
    This has likely reflected the threats of a change of leader with the governing Conservative party, a potential new General Election (and possibly a Labour Part y Government) or another referendum.
    GBPUSD has been caught within a narrow band for the past week (1.3028 to 1.3133), with a slight bias to the downside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-paralysed-post-brexit-extension/
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  • Squawk / Monday at 7:30 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY Breaking To Higher Ground by Stephen Pope

    Dollar bulls are in full cry, there are positive background noises
    The strength of the Dollar will continue, even if the Fed are on hold
    There is no economic outperformance from Japan
    Target USDJPY rising to 114.55

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-breaking-to-higher-ground/
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  • Squawk / Monday at 7:27 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equities march higher into earning season

    Continuing positive US economic data into April, was assisted on Friday as the US earnings season kicked off in earnest, with the financial sector starting off with strong Q1 reports from J P Morgan and Wells Fargo.
    This has reinforced an already “risk on” environment and encouraged the major US equity averages to the upside, with both the S&P 500 and Nasdaq 100 hitting new 2019 highs.
    Furthermore, the major European equity indices also advanced, with the pan-European benchmark, the EURO STOXX 50 also hitting a new high for the year.
    The short- and intermediate-term outlooks for global equity averages sets up bullish into the earnings season.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-march-higher-into-earning-season/
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  • Squawk / 12 April 2019 at 6:01 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY bull threat to key 112.14 resistance

    Last Friday (5th April) ahead of the US Employment report, we highlighted an upside risk for the USDJPY currency pair above a key level at 112.14 in our report.
    The subsequent setback avoided a more bullish shift, but recovery activity for the USDJPY Forex rate over the past 24 hours has highlighted this bull threat resuming.
    The USDJPY push higher has been driven by continuing positive US economic data, whilst US and global equity markets have remained resilient.
    This has left a “risk on” environment, in which the Japanese Yen is weakening, given its historic role as a safe haven currency.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-bull-threat-to-key-112-14-resistance/
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  • Squawk / 11 April 2019 at 5:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity averages rebound, aiming higher again

    Setbacks early this week for the major, global equity indices have reflected both bullish fatigue heading into earnings season, alongside concerns regarding trade tensions between the US and Europe (despite the positive soundings from US-Sino trade talks).
    Wednesday brought a slew of economic events, including UK GDP, US CPI, the ECB decision and FOMC Meeting Minutes, with the net result being rebounds for the global equity averages after the recent pullbacks.
    This activity points towards further upside gains both today and potentially into and through mid-April.
    Here we focus on the German benchmark, the DAX, but firstly the US broad yardstick index, the S&P 500: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-rebound-aiming-higher-again/
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  • Squawk / 10 April 2019 at 16:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Bulls Pushing Litecoin Towards 100 Zone – Elliott Wave Analysis by Gregor Horvat

    Litecoin is already rising in an impulsive fashion within five waves, which suggests that the bottom at 22.50 level can be in place. That being said, we are probably in a wave 3 and there can be room for more gains, towards 105-115 area, where price may slow down into a wave 4 correction before a new continuation higher for wave 5.

    For the survival of the bulls, price must stay above 40.20 invalidation level.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/bulls-pushing-litecoin-towards-100-zone-elliott-wave-analysis/
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  • Squawk / 10 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD remains vulnerable into ECB meeting and Fed Minutes

    The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
    This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
    Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
    Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.

    https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-remains-vulnerable-into-ecb-meeting-and-fed-minutes/
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