Month: September 2019

How did the seasonal trends perform in September? Very well, especially if you look beyond the headlines. I highlighted four seasonally-driven ideas in a month that’s a tricky one for patterns. Three of them were winners and one was potentially phenomenal. Let’s break them down. 1) Late-year oil weakness It’s not quite what it appears.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
The pair chops to the upside The GBPUSD fell last week and in the process the price fell below a lower trendline and stay below (see green numbered circles).   The price on Friday fell to the lowest level since September 9 and at that level tested both the 50% retracement and the 200 bar moving average on the 4hour chart (see green overlay line on the
Reserve Bank of Australia October monetary policy decision is due at 0430GMT on Tuesday.  Earlier previews here: Quick thoughts via ASB/CBA on the meeting and Governor Lowe’s speech after: The Governor has recently sounded more downbeat  on the global economy  and geopolitical developments.  The lift in the unemployment rate to 5.3% in August also means
Forex news for Americans trading on September 27, 2019: Markets: Gold down $8 to $1496 WTI crude down 58-cents to $55.83 US 10-year yields down 1 bps to 1.64% S&P 500 down 20 points to 2958 CHF leads, GBP lags A report suggesting the US could limit investment in China and block Chinese companies from
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;