Recent content by VTFX

11th April 2017 Patience is required in here at the moment. Markets have been choppy and many correcting. As a write this there is potential for them to start breaking down but I want to see some nice clean breaks with impulsive price action if I am to consider positioning myself.

5th April 2017 The dollar edged up against the yen in European trading on Wednesday but fell short of broader gains after North Korea test-fired a ballistic missile ahead of a key meeting between U.S. and Chinese leaders. Volume remains thin so not much change. It is important to stay patient...

4th April 2017 Forecasts have been accurate thus far. Apart from a few pairs, there is not much movement. Be patient and wait for volatility to return.

3rd April 2017 The euro hit a three-week low against the dollar as mixed economic data coming out of Europe added to existing worries about political risk in the continent, driving investors to sell the single currency. Sterling slipped after data showed British manufacturing lost momentum...

30th March 2017 The dollar was flat on Thursday after weak reports on euro zone inflation took the edge off news that U.S. President Donald Trump's administration was studying ways to "penalize currency manipulators" to fulfill a campaign pledge. News reports suggest the Trump administration...

29th March 2017 The Dollar Index rose against a basket of major currencies after news that European Central Bank policymakers were wary of making any changes to their policy message in April pressured the euro. The chart below shows Dollar Index. I do not like calling tops and bottoms but if...

29th March 2017 Sterling hit day's highs against the dollar before quickly retreating in choppy trade on Wednesday, with Britain's formal triggering of its departure from the European Union providing the currency with no clear direction. The euro fell to its lowest in eight days against the...

28th March 2017 The dollar steadied on Tuesday after its worst week since U.S. President Donald Trump’s election in November, promises of more rises in Federal Reserve interest rates this year helping it recover from multi-month lows in still shaky global markets. A dip in iron ore prices...

Intermarket Analysis involves analysing multiple asset classes. The objective is to determine how one asset class impacts on another. Asset classes have been driven by one another for many years but it is particularly more significant in the present global market. As Forex traders we should...

27th March 2017 The dollar fell to its lowest since November against a basket of currencies on Monday as investors lost confidence in prospects for a U.S. fiscal spending boost under President Donald Trump after his failure to pass a major healthcare reform bill. Trump's inability to deliver...

16th March 2017 Well no surprise of the rate hike but as I guessed what moved the market was the Feds intention moving forward. Our forecasts have been consistent so far but I still want further clarity. I want prices to break some key levels before placing any new trades. The dollar sank to...

15th March 2017 Its the day we have been waiting for, don't we just love Yellen!! I will not be posting any charts pre fed but instead give a quick news recap. The markets are generally choppy so lets hope for decent price action post fed. I believe the rate hike is fully priced in but what...

14th March 2017 The dollar has risen today, bolstered by an expected interest rate increase by the U.S. Federal Reserve this week and helped by political risks in Europe amid Dutch and French elections that have pressured European currencies. Sterling, meanwhile, slipped after falling to an...

13th March The dollar recovered a foothold on Monday after its worst three days of losses since early December, the impact of higher U.S. market interest rates turning it positive on the day against both the euro Dollar Index Sterling, along with the Canadian dollar the worst major performer...

10th March 2017 Crude oil resumed a downward drift and global equity markets rose on Friday after a robust U.S. jobs report drove home the strength of the American economy and set the stage for the Federal Reserve to raise interest rates next week. U.S. employment increased more than expected...