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The Australian Dollar has a solid fundamental backdrop for now, but external factors continue to bump the currency around. Will AUD/USD take its own path? Daily price was bounced from 0.6828 Fibo support level to above for 0.7145 resistance to becrossed for the bear market rally to be continuing. Alternatively, the price will be on bearish ranging within the levels. more...
First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The chart was made using Metatrader 5 with Brainwashing Original Ichi trading system (this trading system is attached to the post as zip archive for example). more...
The price of oil spiked to a fresh yearly high ($130.50) in March. Current market conditions may lead to higher crude prices as expectations for strong demand are met with indications of limited supply. more...
The shares of LyondellBasell Industries (LYB) look ready to bounce back, amid news that Peter Vanacker will become the company’s CEO, effective May 23. more...
BoE rate expectations remain aggressive. Looking ahead to next week, with little on the domestic front, the ebb and flow of risk appetite will dictate price action for the Pound. Meanwhile, upside is likely to persist for GBP/JPY heading into month-end. more...
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