Blackwell Global

The EUR/GBP has fallen strongly over the past week, breaking through several key technical levels as it was impacted by the resurgent pound. However, a double bottom has just appeared on the daily...

Gold fell sharply last week as a strong US Non-Farm Payroll result stoked speculation of a rate hike in December. The NFP result came in well above forecasts at 271k which caused gold to immediately...

Cable has found support after coming under considerable pressure. The diverging monetary policies between the US and the UK saw it slump to its worst week in over a year. A solid day yesterday saw it...

Last week saw the Australian dollar fall sharply as the US NFP result fuelled some sharp selling in the pair. Subsequently, traders are watching the pair closely as it nears a key level of support,...

The EUR/GBP has come under concerted selling pressure as a wave of negative sentiment swung over the pair following the Bank of England’s dovish comments on inflation. The pair subsequently...

The Swiss franc has depreciated sharply against the US dollar over the last three weeks as the Fed talks up the December meeting. The SNB too has played its part, but a double top could indicate a...

Oil is consolidating in a very large pennant shape that is getting close to the critical point. Resistance has been found along the top of the shape and a short-term bearish leg is likely. In the...

The New Zealand dollar fell strongly overnight as a highly negative Global Dairy Trade (GDT) result saw bearish selling mount. The pair now looks to be under significant pressure as price action falls...

As the market largely focuses upon the game being played over the potential for US rate hikes, a larger economic crisis is brewing within the world’s factory, China. Despite a range of...

Gold has suffered at the hands of the Fed recently as they talk up the prospect of a rate rise at the December meeting. The slide could be halted as the precious metal looks for support along the...

The British pound came under pressure during the week thanks to a disappointing fall in UK GDP figures. Strength was found in the pair towards the end of the week but it has now run out of steam as it...

Further interest rate cuts might be on the way for the kiwi dollar after New Zealand Finance Minister Bill English made comments suggesting that rates might have further to fall. Despite the highly...

The wedge on the Silver daily chart has remained intact despite the Fed hinting that a December rate hike may be on the cards. The markets may call the Fed’s bluff which will see Silver break to...

The Canadian dollar fell strongly overnight, after the hawkish rhetoric from the US Federal Reserve hit the wires, but the venerable CAD now looks set to add an additional bullish leg as price action...

Crude oil traders are again preparing for falls as the latest API inventory data points to a 4.1 million barrel build in oil stocks.The tumultuous path of crude oil has been an interesting study in...

China once again took measures to stimulate the economy which was a surprise to the market. The PBOC are worried about a slowdown in China’s economy, but this is at odds with the latest GDP...