Steve has traded and analysed financial markets for over 30 years. He started on the Baltic Exchange with Cargill Investor Services in 1987 trading Commodities. Following this Steve went on to work in a number of senior trading roles on LIFFE. From 1995, Steve then traded his own account, specializing in European Fixed Income markets. For many years he ran his own proprietary trading company, facilitating and educating traders. In 2012 he joined PIA-First and assisted in restructuring the company and help build it into one of the UK’s leading, award-winning independent research houses.

RECENT ARTICLES

Dax rally presents selling opportunity

Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. Weekly:  Forming a bearish Head and Shoulders pattern. A break of 11593 (neckline) is needed to confirm the pattern. The measured move wou...


2018-07-20 Read more

Dax rallies continue to attract sellers

Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12048 and the measured move target is 8695. Rallies have stalled and found sellers near 13200, resulting in a new trend line resistance. Shooting star candles highlight rejections of attempted rallies. Weekly:  Looks to be forming a ...


2018-07-04 Read more

Gold remains supported by risk factors

Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. A clear break of $1370 is required to confirm the formation. $1300 key support has been breached although losses have been limited. Weekly:  A possible medium term AB=CD formation has a measured move target of $1450. 2017/18 tre...


2018-06-22 Read more

FTSE or UK100

In this video by PIA-First we're looking at the FTSE (UK100). Giving a drilldown to the shorter term time-frames, from the monthly to give you a full overview The UK equities are being undermined by the weakness in housing and brexit etc.


2018-06-13 Read more

Gold breaks key support

Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. A clear break of $1370 is required to confirm the formation. $1300 key support has been breached although losses have been limited. Weekly:  A possible medium term AB=CD formation has a measured move target of $1450. Trend suppo...


2018-06-14 Read more

FTSE100 – Dips continue to attract buyers

Technical Monthly: Price action continues to push for higher levels within a bullish channel. A morning star formation backs the bullish theme and we expect the upside to accelerate on a break of all-time highs. Weekly:  7 consecutive bullish candles on the weekly chart as focus remains on higher levels. Pull-backs are expected to find...


2018-05-15 Read more

Gold – Positive after break of horizontal resistance

Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. $1300 continues to act as strong support. A clear break of $1370 is required to confirm the formation. Weekly:  A possible AB=CD formation has a measured move target of $1450. Evidence of a rectangle formation with support at $1...


2018-05-11 Read more

Crude Oil: Outlook remains positive

Technical Monthly: A reverse head & shoulders formation has been confirmed and price action is strong. The measured move target is near $85.00. The 50% fib retracement is currently capping the upward move.   Weekly: Prices remain contained within a bullish channel formation. There is no sign of the move higher slowing altho...


2018-05-01 Read more

FTSE – Medium term prospects are mildly positive

Technical Monthly: The corrective sequence has found buyers close to the 38.2% Fibonacci retracement. A bullish hammer has been posted and the reaction higher is positive. Weekly:  Multiple weekly trend line support has been breached, however, prices have broken back above the more major 2016 FEB/JUN trendline support. Horizontal resis...


2018-04-18 Read more

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