Articles for: Technical Analysis

After rallying strongly for most of 2007, the British pound (BP-SpotV in Profitsource) copped a beating over November and December, falling over 1500 points to the current lows (in early January).

To say it’s been a big week in terms of market movements is an understatement.

I hope opening with the chart for the All Ords won’t bring back too many scary memories:

The British Pound (BP-Spotv in ProfitSource) experienced some heavy selling last week, including a drop on Wednesday of over 350 points.

Trading against the trend can be a dangerous move. As the saying goes, "The trend is your friend."

The US markets had an extraordinary move up during the last week or so in anticipation of a 50 point move on interest rates by the Fed.

It seems that just about every day in the currency markets there is an important announcement coming out.

My recent articles have been focused on the US bond markets and how the prevailing interest rate direction will affect mortgages as well as the continuing threat of the sub-prime credit crunch.

The Scottish traditional ‘Will ye no come back again’ that laments the prospect that Bonnie Charlie may not return reminds me of metals.

Gold has been in the headlines recently, after taking out last years highs and pushing on past the $800 an ounce mark.