In a world shifting towards virtual meetings, OPEC and their allies are joining the movement in hosting a virtual meeting on Monday to discuss production cuts.
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Oil prices put in a...
Type: Posts; User: TechnoMeter
In a world shifting towards virtual meetings, OPEC and their allies are joining the movement in hosting a virtual meeting on Monday to discuss production cuts.
38989
Oil prices put in a...
7,971 is the key for the bearish to be continuing
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Much of the same can be said for the DAX 30. With the ECB following in the footsteps of the BOJ and Fed and the subsequent reaction of...
The S&P 500 energy sector (XLE -10.7%) is today's worst performer, bringing its week-to-date losses to 29% and year-to-date losses above 50%.
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The basis for today's sharp selloff remains...
The Pound rally versus the Dollar paused for much of last week, but then continued to extend on Friday. This puts GBPUSD in position to challenge the underside of the trendline running up from the...
Gold prices continue to struggle to regain their footing in an environment defined by cooling tensions on the US-China trade war front. The latest truce between the world’s two largest countries has...
The Euro seesawed but ultimately found its way higher even as the ECB reintroduced quantitative easing alongside an interest rate cut that brought its target lending rate deeper into negative...
AUDUSD is rising hard off the recent low, stringing together multiple positive days. It’s the strongest bounce since June, but like the first month of summer the initial push higher may prove to be...
Since reaching its three-year peak on August 8, EUR/GBP has declined almost five percent. Along the way down, the pair broke through several critical support channels and layers, leaving EUR/GBP now...
US Dollar weakness and a general push toward counter-cyclical perceived haven assets have seen the Japanese Yen break through an important barrier against the greenback. However, Yen bulls have yet...
We move into a new trading week and season with critical technical levels under pressure or collapsing. The US indices are on the cusp of volatile but rigid ranges while the Dollar has extended its...
Last week, GBP/JPY corrected higher creating a higher high at 130.70 – its highest level in three weeks however, the pair closed on Friday with a Doji pattern reflecting the market’s indecision at...
Crude Oil Price Chart Outlook: Trade War Selloff Eyes Support
Crude oil prices sank over 1.5% this past week in choppy trading. I noted early last Tuesday that crude oil prices were showing signs of...
Looking at the daily chart, we notice at the start of this week USD/JPY opened with an upward gap, since then the pair has been moving ineffectively reflecting the market’s indecision. Currently, the...
It’s been a rough year so for AUD/USD and it didn’t start out very well, either. We can even extend that back to the beginning of 2018, as there hasn’t really been much for Aussie bulls to rejoice...
On August 6, Bitcoin rallied to 12,318 however, the price slipped back after, then settled below 12,000 handle. This week, BTC/USD traded lower and tested yesterday 9,484 - its lowest level in over...
The Japanese Yen remains the beneficiary of a broad fundamental haven bid against the US Dollar with USDJPY bulls’ current modest fightback unlikely to last. The pair got a boost on Tuesday of this...
Prices are now pinned to neckline support-turned-resistance just above the 1.12 mark. A daily close above that faces minor upside barriers at 1.1286 and 1.1348 along the way to a challenge of the...
Crude oil has been slumping hard lately and things could continue to worsen after a short-term reprieve. The situation could turn outright nasty if stocks roll over, certainly a distinct possibility....
On August 3 Bitcoin opened with an upward gap, indicating to a clear intention from the buyers to continue leading the price. The currency peaked on Tuesday at 12,318- its highest level in nearly...
A break of counter-trend support guiding the New Zealand Dollar higher since mid-June suggests the dominant downtrend established from July 2017 has resumed. Sellers have challenged support in the...
Oil prices posted the largest daily range since December 26th (2018 low) on Thursday but despite the decline, prices are poised to close just 1.26% lower on the week after rebounding off confluence...
Last week the Relative Strength Index (RSI) could not cross above 50, reflecting the buyers lack of momentum to start uptrend move. This week, the oscillator dropped from 41 to 32 emphasizing the...
Crude oil prices closed flat last week after fluctuating 4% between key areas of technical confluence while traders struggle to determine the commodity’s next direction. Crude oil prices have...
GBP/JPY – Back to the Sideways Move
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On July 15 GBP/JPY continued its downside move and on the following days printed new multi-month low at 133.85 . However, the price rallied after and...
On Thursday USD/CAD tested it lowest levels in nearly nine months however, the price rallied after then closed with a Doji pattern, reflecting the market indecision at this stage. At the start of...