USD/CAD in A Range, on Stronger Canada GDP, Weaker China Rebound
The resistance zone at 1.3660s rejected USD/CAD again yesterday after stronger Canada GDP numbers and slower China rebound Full Article
The Bullish Trend Is Still on for USD/CAD
USD/CAD made a reversal lower toward the end of last week, but it remains bullish on the daily chart as lows keep getting higher Full Article
Selling the Jump in Crude Oil at Moving Averages
Crude Oil has jumped $2 higher off the lows but the 100 SMA is acting as resistance where we decided to open a sell Oil signal Full Article
Going Short on Crude Oil with Buyers Looking Exhausted
Crude Oil has been bullish since the beginning of the month, but it is looking exhausted now, failing to push above the 100 SMA Full Article
Bullish Day in Crude Oil Despite Huge Buildup in Inventories
Yesterday the private API Oil inventories showed a buildup and today's EIA's buildup was bigger, but markets are discounting Full Article
WTI Oil Keeping the Bullish Momentum, Despite the Huge EIA Crude Inventory Buildup
The EIA inventory showed a buildup of more than 10 million barrels last week, although that didn't hurt Oil much 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
Oil Looks Doomed After the Failure to Hold Gains on Keystone Pipeline Closure
Crude Oil jumped $3 higher yesterday on the Keystone Pipeline closure but then lost $4 as it headed ever closer to $70 Full Article
Forex Signals Brief for December 9: US Producer Inflation and China CPI, PPI
Today the US PPI producer inflation report will likely have a similar effect as last month, as we head into next week's FED rate decision Full Article
Buying the Pullback in USD/CAD at MAs
USD/CAD has retraced nearly 150 pips lower as USD weakness kicks in, but it is finding support at the 100 SMA where we decided to buy Full Article
No Rest for Oil As It Falls to Lowest Levels of 2022
Crude Oil fell to a new low for 2022 as the USD pushed higher while the risk sentiment remained negative 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
Oil Pushes Above the 50 Daily SMA, After Huge Drawdown in EIA Crude Inventories
Crude Oil has been making three days of gains despite the USD being bullish this week, as US Oil inventories decline Full Article
USD/CAD Surging Toward the 50 Daily SMA, Despite the $6 Rally in Oil
USD/CAD continues to remain bullish as the CAD falls despite an bullish reversal in Oil since yesterday and better Q3 GDP numbers from Canad 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