Analysis and Opinion » A double whammy for oilPosted Apr 8th, 2015 at 09:18 PM
The short term rally for crude oil came to a shuddering halt this evening, as two items of fundamental news helped to push the commodity lower once again, reversing most of the gains of the last two...
Analysis and Opinion » Short term bearish trend for EUR/AUD continues in...Posted Apr 8th, 2015 at 10:21 AM
EUR/AUD – 60 minute chart Following yesterday’s statement from the RBA which brought a temporary halt to the recent long term bearish sentiment for the Aussie dollar, Â the EUR/AUD has...
Analysis and Opinion » Loonie – a barometer of the USD and oilPosted Apr 8th, 2015 at 08:23 AM
USD/CAD weekly chart Today, of course, is FOMC day with the minutes due at 2.00 pm EST, and following in the wake of the dire NFP data on Friday it will be more than interesting to see whether the...
Analysis and Opinion » Aussie strength reflected in the EUR/AUD...Posted Apr 7th, 2015 at 11:03 AM
EUR/AUD – 15 minute chart The focus for forex traders overnight was in Australia with the RBA taking centre stage with its decision on interest rates and associated statement. The release was...
Analysis and Opinion » A classic trap move on the EUR/USDPosted Apr 1st, 2015 at 09:02 AM
EUR/USD – daily chart With Greece firmly back in the picture, the outlook for the euro remains bearish against the US dollar, and with the recent rally for the pair now consigned to history,...
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