DXY Index Keeps Climbing As Long As US Consumer Keeps Spending
The USD index DXY continues to make gains as the US consumer continues to keep the economy afloat, but we'll see this week as the data is co Full Article
Signs of Exhaustion After Strong Rally in Crude Oil
Crude Oil has been retreating since last Tuesday and it giving some bearish signals after moving above $90/barrel Full Article
Long on USD/CAD As Daily Chart Points to a Bullish Reversal
USD/CAD has retreated 3 cents lower but it seems like the pullback might have come to an end and a bullish reversal is underway Full Article
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
Following Closely US Bond Yields for Direction After the FOMC
Today the FED is expected to keep rates unchanged, but traders are interested in the rhetoric for further hikes ahead with bond yields signa 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
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
Can Crude Oil End the Week Bullish Or Retreat Lower on Profit Taking?
Crude Oil has been gaining for eight straight days, but yesterday we saw a retreat on profit taking despite another major EIA drawdown Full Article
Forex Signals Brief September 6: BOC Meeting and ISM Services on Agenda Today
The USD resumed the uptrend yesterday although traders are waiting for the ISM services today, while the CAD is focused on the BOC meeting Full Article
Booking Profit On the Crude Oil Signal After Saudis Announce Production Cuts
Crude Oil has just surged $2 higher after the announcement of output cuts from Saudi Arabia and we caught that move with a buy Oil 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
Risk Assets Still Rallying on Bad News for Now, Until It Gets Really Bad
Risk currencies are benefiting from the idea of the FED not hiking anymore as US economy slows, but they will tumble if we see recession sig Full Article
WTI Oil Hesitating Above $80 Despite China’s Efforts
WTI crude Oil is hanging around the $80 level, which shows hesitation from buyers to push higher as China's economy is not improving Full Article