Bank of Japan: New Leader, New Path?
Good morning Traders! Yesterday the Bank of Japan got a new leader, and the big question on traders mind ishow will the current monetary policy be affected and what implications will it have on theJapanese Yen. There are speculations that we might see a change in the yield curvecontrol sooner than expected, and some are […]
Are the chips down for TSMC?
Good morning Traders! When Warren Buffett makes a move, the stocks market pays attention. According to thelatest filing, Berkshire Hathaway slashed it’s holding of the stock by 86% just monthsafter taking a stake in the company. Following these news, the share price dropped byover 5%. Taiwan Semiconductor Manufacturing Co. Ltd. The stock has claimed from […]
UK’s FTSE Keeps a Stiff Upper Lip
Welcome Traders! Colour me surprised that our FTSE 100 index, which has, during my tenure as a trader, almost always lagged behind the U.S. Indices (S&P 500, Dow Jones, NASDAQ and Russell2000), and not always exhibited much of a bullish mature. The 6,700 level has acted as resistance for 16 years from its first touch […]
Charts Displaying Great Trends
Welcome Traders! If the ultimate goal of a trader is to potentially increase their earnings by engaging in the financial markets, then surely they must be delighted when any market begins trending in a healthy fashion! Trends are born, grow and mature in every market, and it has been said that the instrument we trade […]
The Cost Of Breakfast – NY Orange Juice Breaking To New Highs
Good morning Traders! Much have been said about the rising costs of an American breakfast, with each component and it’s fundamental reasoning. In this article, I’d like to take a look at the chart of NY Orange Juice and the technical ingredients across several timeframes. NY Orange Juice Last week the price of NY Orange […]
Unlocking Gold’s Potential: Examining Its Next Moves in the Market
Good morning Traders! These 3 charts could help traders plan their next moves around Gold. Let’s start with the Monthly for context: Gold’s recent moves almost straight up from $1,600 are the most aggressive since a similar attempt was made in March 2021 (seen to the left). Also, it has travelled a lot further. It […]
What’s Next For The Global Market
Good morning Traders! Traders often separate the global indices into two halves- the U.S. and everyone else. The U.S. includes the Dow, S&P500, NASDAQ and Russel 2000 to mention the big ones, while outside the U.S. we have the UK’s FTSE100, Germany’s Dax40, Japan’s Nikkei, Hong Kong’s Hang-Seng, and Australia’s ASX. The majority of the […]
Us Dollar At A Junction In Price
Good morning, Traders! Yesterday’s strong USD move should not be a surprise as many instruments were due for a correction. Today though, will see if the dollar’s overall weakening trend is still intact. There may be little movement until the U.S. session kicks off around 1:30pm UK time. My trading plan is still intact for […]
Soft Commodities On The Move!
Good morning Traders!With much of the inflation worries setting around food inflation and supply chainconstrain, soft commodities have been on the radar of fundamental and technical traders.Today I’d like to take a look at two soft commodities that I am watching closely forpotential setups. Corn – Looking For Retracement Let’s start with a look at […]
FTSE 100, Looking For A Rollover
Good morning Traders!The end of a very busy week for Central Banks, saw sellers returning to many equitymarkets across the globe. Today I am going to look at a potential setup that I am stalkingon the FTSE 100. FTSE 100 – Time for a Rollover? The FTSE 100, like many equity markets around the globe, […]