Crude Oil Heads for $70 Fast, Ahead of the EIA Crude Inventories
Crude Oil has been losing $4 in each of the last two days and yesterday's API private inventories showed a bigger-than-expected buildup Full Article
WTI Oil Bouncing Late Last Year But Can It Sustain Bullish Momentum?
Crude Oil has formed a bullish reversing pattern but it is facing the 50 daily SMA as resistance Full Article
Gold Makes a 9-Month High Above 1,800 After Jumping on Chinese Reopening
Gold continues to show strong buying pressure and yesterday we saw a jump above $1,833 after news of China reopening Full Article
Sentiment Improving on China Reopening, But Caution Remains
The pressure has been bullish on EUR/USD today as sentiment remains slightly positive on China reopening Full Article
AUD/USD Beginning A Bearish Reversal, As Chinese Economy Disappoints
AUD/USD was rejected by the 200 daily SMA last week and it is facing the 100 SMA now, with the Australian economy slowing down Full Article
Is Oil Moving Away From the Petrodollar?
There have been rumours of the petrodollar being dumped when the covid pandemic started, now China is asking for Oil to be settled in yuan Full Article
Commodities Pop Higher For A Moment on China Reopening Signals
Oil has jumped $1.5 off the lows as the comments on a reopening in China are improving the sentiment in financial markets Full Article
Crude Oil Jumps $4 on OPEC Production Cut, China Reopening Comments
Yesterday crude Oil fell to $73.60 after opening with a bearish gap, but it reversed back up pretty fast Full Article
Forex Signals Brief for November 29: Mind the Month-End Flows
Yesterday we saw some large moves in both sides, as risk sentiment reversed, although month-end flows have had an impact as well Full Article
Low Black Friday Turnout Points Lower in Crude Oil As Consumers Suffer
Crude Oil broke below the 100 weekly SMA last week which has opened the door for further declines in the weeks ahead Full Article
Buying USD/JPY as USD Recovers on Deteriorating Sentiment
USD/JPY is turning bullish after a strong retreat earlier this month and we have shifted to bullish now, buying at the 200 SMA Full Article
Will China Reopen or Continue Until 2023 With Covid Restrictions?
Risk sentiment has been improving as China was giving signals of reopening, but it continued with lockdowns over the weekend Full Article
Oil Closes the Worst Week Since June, As G7 Plans A Price Cap on Russian Oil This Week
Crude Oil fell from around $90 to $77.20 this week, closing at around $80, as China continues with lockdowns, while the G7 plans a price cap Full Article
Forex Signals Brief for November 18: USD Turns Up on More China Covid Measures
The sentiment has been negative this month which has been keeping the USD bullish, but yesterday we saw a reversal in the USD as the sentime Full Article
Oil Undecided Between MAs Despite Risk Sentiment Improving
Crude Oil declined early this week and missed the surge in commodities early this week, but jumped higher on Friday Full Article