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
USD/CAD Keeps Making Lower Highs As Crude Oil Keeps Pushing Higher
USD/CAD is testing this month's low after the rejection higher, while WTI crude Oil is still testing the resistance zone at $82.50-60 Full Article
Oil Turned Bullish Yesterday Despite Another Crude Inventories Buildup
Crude Oil remains volatile as economic data keeps turning positive and negative Full Article
EUR/JPY Likely to Turn Bearish at the 200 SMA, As ECB Slows
EUR/JPY is forming a bearish reversing chart setup and fundamentals are pointing down as well Full Article
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
Forex Signals Brief for January 5: Will Markets Calm Down After Two Hectic Days?
Yesterday the USD gave bank most of the gains made on Tuesday as volatility and uncertainty continues Full Article
Natural Gas Slipping Below $4, As Warm Winter Keeps Downtrend On
Natural gas fell below $4 yesterday as the decline has picked up pace recently due to warmer temperatures and China economic slowdown Full Article
USD/CAD Stuck Between MAs Ahead of the Canadian Manufacturing PMI
USD/CAD continues to bounce between two moving averages although today's manufacturing PMI might force a breakout in either direction 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
Forex Signals Brief for January 2: Inflation Cooling, Global Economy Softening As We Enter 2023
Inflation and central bank rate hikes were the main theme for 2022, while in 2023 the global economy and a possible recession are on the car Full Article
Forex Signals Brief for December 30: Spanish Inflation to Slow to 6.1%
Inflation is slowing and Spanish CPI cooled off this month, so the ECB should slow down with rate hikes which should weigh on the Euro Full Article
Is the Bearish Reversing Pattern in USD/CAD Failing As Oil Turns Lower?
USD/CAD formed a bearish reversing pattern at the 50 SMA and started declining, but sellers are getting weaker Full Article
Crude Oil Feeling Weak Ahead of EIA Inventories, After Losing $4 on API Yesterday
Crude Oil has posted some decent losses this week after being bullish for three weeks, as we head into the EIA inventories Full Article
Forex Signals Brief for December 29: Choppy Markets Apart from Oil and JPY
Yesterday we saw a repeat of Tuesday's price action as markets remain cautious apart from Oil and the JPY which posted some decent losses Full Article