EURUSD 1.3900 was broken again from movement up, and is heading towards to resistance line at 1.4037. If prices are going to reach resistance level, a bounce back from it is still possible, like in the same way prices bounced back near the support line. Waiting is still on table and lets see in a [...] [...more]
2009-05-29: Crude Oil Price Meets Little ResistanceAfter climbing to a record high not seen since November, the price of Crude Oil has stabilized for the moment. With a sudden flight from safe-haven investments such as the JPY and USD, commodity prices appeared to gain a strong boost from the weakness of the Dollar. Crude Oil [...] [...more]
2009-05-29: U.S Prelim GDP Figure will Determine Today’s Trend.Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this [...] [...more]
2009-05-29: U.S Prelim GDP Figure will Determine Today’s Trend.Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this [...] [...more]
DAILY FORECAST FOR USDJPY Bias: Watch support at 95.72-94 – only below resumes losses else see a move to new highs The strange price development soon after the 93.84 low indeed produced a strong rally yesterday and puts my structure in doubt and therefore I feel we need be cautious. For the moment I can’t [...] [...more]
Needless to say that yesterday’s price action was not what I had in mind… The erratic nature of the correction from the Dollar lows has been some of the most difficult I have seen in quite a while and provided a great deal of conflict between different related currency pairs. While EURUSD remained below the [...] [...more]
EURUSD has confirmed a test of 1.3900 price level. At current situation a trend is neutral, this drop down might not last for long, a bounce back is possible. While prices didn’t hit the support line, for bears is very hard to get out from the dark. 37 Waiting is better option now to see [...] [...more]
2009-05-28: Crude Oil Approaches the $63 Price LevelCrude Oil prices experienced another day of appreciation as the oft-traded commodity nearly hit $63 during yesterday’s trading session. This has been compounded by a weaker Dollar in recent weeks, causing investors to flee to commodities such as Crude Oil. Furthermore, if the U.S. continues to publish more [...] [...more]
2009-05-28: Positive Economic Data from the U.S. Pushes Up Dollar and OilThe U.S. Dollar and Crude Oil experienced much bullishness in yesterday’s trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner’s optimistic speech regarding the U.S. economy. This helped the Dollar record a correction against most of its major currency [...] [...more]
2009-05-28: Positive Economic Data from the U.S. Pushes Up Dollar and OilThe U.S. Dollar and Crude Oil experienced much bullishness in yesterday’s trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner’s optimistic speech regarding the U.S. economy. This helped the Dollar record a correction against most of its major currency [...] [...more]
