Forex Market News

Video: Market Morning - 26 Apr

Stocks were weaker across the board overnight, all the major markets were down. Why is that? Maybe prices are a little bit rich, maybe people are worried about the FOMC meeting that we'll get the result from on Thursday morning around 4am Sydneytime. It certainly could be that because there is a real sense that the Fed just might be a little bit more hawkish than the market's expecting.

Video: Market Morning - 22 April

Crude Oil was off after looking like it hit a bit of a wall overnight, and that was after some solid rises in Asian trade and some quite bullish comments from the chief of the IEA that said oil was going to be back in balance by 2017. That took the prices up through $44 in WTI terms yesterday and the high $45 region in Brent. The CAD, NOK and RUB are all lower, but so too is the Aussie dollar. That's really surprising given Iron Ore was back up above $70 per tonne last night.

Video: Market Morning - 21 Apr

Crude oil rocketed overnight. Yesterday as we left Asian trade crude was down after news the Kuwaiti strike was over and they were back to work, that saw prices back in the $41 range, but as we sit this morning crude has been up around $44 (above that in WTI terms) and is now back at $33.81. That's an interesting move given what we saw and structurally it tells you the market is slightly short and still looking for reasons to buy.

Video: Market Morning - 20 Apr

It's been another really interesting night with the risk rally in full swing, particularly in the commodity and commodity currency space. Last night we saw Oil up 3% at one stage, back up around $42, it's down a little bit in early trade today but it's been an overall good night. Iron Ore in Shanghai has been up around 5%. The Thompson Reuters CRB Index was up around 2% last night - that's a really good sign that this surprising risk-on feeling is continuing.

Sky News Business Interview with AxiTrader's Greg McKenna, 15 April 2016

Sky News Business's Carson Scott interviews Greg McKenna, Chief Market Strategist at AxiTrader, on the week's movements in trading, employment data and the Australian economy.

Video: Market Morning - 19 Mar

What a night, what a 24 hours we've just had. The early Asia weakness soon gave way to bullishness pretty much all around the market and nowhere was that more obvious than in the Argentinian bond bid. That may same archaic and not something we normally talk about but $70b worth of bids for a country that was in the courts just last year fighting over a bond default tells me the bid is back in the markets. That's really interesting and somewhat surprising.

Video: What to Watch - 18 April

It's been an interesting morning already with crude crashing 6.5% at one stage after markets opened this morning and there was failure in the Doha meeting to agree on a production freeze. Essentially what happened there is the Saudi's have decided that without Iran in the tent then there is no deal, and just last Friday they were threatening to flood the world with oil so it's pretty clear they're not terribly upset if prices continue to languish and that means that the supply/demand imbalance at the moment is not going to close any time soon.

Video: Market Morning - 15 Apr

In what's been a fairly benign night's trade the Aussie dollar has made a marginal new high and then pulled back, US stocks stalled in the face of solid overhead resistance, the DAX had a similar issue, and crude oil traders are waiting on the big meeting in Doha this weekend. The lack of catalysts has sapped gold's strength which is sliding back while Euro and yen are calm. 

Video: Market Morning - 14 Apr

Risk was on last night in terms of Stocks. In Europe we saw some really powerful rallies, the Dax was up 2.71% and above 10,000 - it's on some really important resistance detailed in this video. CAC was up an amazing 3.3% and the FTSE was up just below 2% in London. The SPI200 here in Australia looks pretty positive, that may sound strange but it did find some solid support below the market and now the bears are being chased out by the bulls.

5 Best Trades from Autochartist

Each week, AutoChartist brings us a recap of their best 5 trades of the week in Forex and CFDs as identified by their trade analysis tool. Here are the best trades from last week in Forex and CFDs.

1 2 3 4 5 6 7 8 9 253