Anyone who is trading crude oil or USD/CAD should be aware of the important correlation between them. We know that if oil price rises then the Canadian economy benefits as they own considerable oil reserves (third only to Venezuela and Saudi Arabia). Furthermore, let’s not forget that the USD will likely drop in value if oil prices rise, and […]
Markets are worried about the idea that central banks have used up all available tools to keep rates low, and from current levels we may start to see them rise. The bond markets have sold off from the 30yr to 10yr Treasury’s, Bunds, etc. Global equities haven’t taken this idea well, and over the last few sessions the SPX (and other indexes) have been down quite aggressively.
Over the last year, I have been looking for a market where the USD/JPY stops selling off when US equities move lower. What you may notice below is that the SPX (blue line) has been moving lower the last couple weeks and the USD/JPY is holding well above 100.00: Read more
I love chart patterns. I know that sounds a little cliché, or funny, but I love chart patterns since they help us forge a trading plan in the markets. Knowing what different patterns are in the market not only help us with a plan for when to enter the market, but also assist us in […]
Some Foreign exchange jargon, or nick names for currencies:
(AUD/NZD= Aussie/Kiwi = Australian bird = Kylie) The AUD has been on a bit of a roller coaster lately and this is one of the AUD crosses I get asked about more than any other. Traders have been watching for a bottom in this pair for at least the last 18 months.
Good day traders! This is the first of a series of educational posts we will be releasing here on ForexAnalytix.com .
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