The Pullbacks in Oil Getting Deeper, Suggesting A Correction From $90
Yesterday we saw a deeper pullback in crude Oil but MAs held as support and Oil bounced after another drawdown in US EIA crude inventories Full Article
Forex Signals Brief September 21: More Rate Hikes from the SNB and BOE
Yesterday the FED delivered a hawkish pause with the DOT Plot pointing to more rate hikes, today the SNB and the BOE should hike by 25 bps Full Article
USD/CAD Tumbling Lower on Higher Oil and Inflation in Canada
USD/CAD seems to have turned bearish as Oil prices keep surging, and yesterday's jump in CPI inflation has given further support Full Article
All Dips Bought in Crude Oil As It Breaks Above $91
Crude Oil has moved above $91 and every time the price pulls back, buyers come back right at the 20 SMA, sending WTI above again Full Article
The Support at 1.35 Holds for USD/CAD in the First Attempt
USD/CAD lost 200 pips last week, but the decline stopped at the support zone around 1.35 where this pair met the 200 SMA Full Article
Crude Oil Holds the Uptrend Despite Large Buildup in EIA Inventories
US WTI Crude Oil continues to be supported by MAs, as it heads for $90, despite a jump in EIA inventories yesterday Full Article
Going Long on USD/CAD as the Retreat Stops at the 100 SMA
USD/CAD retreated lower yesterday but the pullback has stopped at the 100 SMA where we decided to go long from Full Article
Forex Signals Brief September 11: US Inflation and ECB Policy Meeting to Highlight the Week
Last week we saw improvement in the US and Canadian data keeping the USD bullish. This week we have the US CPI and ECB rate decision Full Article
USD/CAD Remains in Uptrend Despite Better Data and Bullish Oil
BOC's Macklem was hawkish this week as the data showed improvement in the Canadian economy, but the trend remains bullish for USD/CAD Full Article
More Positive Signs from the Economic Data
The economic data showed further economic slowdown in the last two weeks, but this week the sentiment deteriorated after some decent numbers Full Article
MAs Keeping USD/CAD Bullish With No Expectations for More BOC Hikes
The main trend remains bullish in USD/CAD despite rising Oil prices, as the Bank of Canada is expected to stop raising rates at 5.00% Full Article
Buying USD/CAD After the Dive Stalls at 1.36
USD/CAD has lost 70 pips in the last few hours as Oil surges higher, but the trend remains bullish here and we decided to open a buy signal Full Article
Oil Makes New Highs for 2023 After the Retreat
Crude Oil gained around $2 yesterday after a major decline in EIA inventories and it is heading for the early August highs Full Article
Will Risk Trades Continue the Decline in September?
August and September are characterized by a bearish trend in risk assets, with August already following that trend Full Article
USD/CAD Targeting the 1.3650 Resistance Zone After Closing Another Bullish Week
USD/CAD made further gains this week and closed above 1.36 as it heads for the previous resistance around 1.3650 Full Article