EURUSD looks like is pushing prices to 1.41500 price level. Bulls will get more confidence above that level, for now a reverse is possible back to support, but if prices can manage to stay longer at current price level 1.41240 a movement to the resistance is possible. TA.EURUSD 2009-07-31 TA.pdf [...more]
2009-07-31: U.S. Dollar to Go Volatile on the Release of Advance GDP FiguresThe USD is set to go extremely volatile today on the release of Advance GDP figures for the 2nd quarter from the U.S. economy at 12:30 GMT. The forecasted results are -1.4%, significantly better than the 1st quarter results of -5.5%. The other [...] [...more]
2009-07-31: U.S. Dollar to Go Volatile on the Release of Advance GDP FiguresThe USD is set to go extremely volatile today on the release of Advance GDP figures for the 2nd quarter from the U.S. economy at 12:30 GMT. The forecasted results are -1.4%, significantly better than the 1st quarter results of -5.5%. The other [...] [...more]
2009-07-31: Oil Rebounds On Market OptimismCrude Oil rose above $67.50 a barrel on Thursday, boosted by higher stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn is bottoming out. The more than 5% rally yesterday, the highest gain in more than 3 months was boosted as continuing [...] [...more]
PLEASE NOTE THAT THE DAILY FORECASTER WILL BE BACK ON 10TH AUGUST I sat for a moment to try and gather some thoughts about yesterday’s moves to try and find a common thread that would provide insight as to what is going on. To be honest not a lot came to mind… Let’s start with [...] [...more]
DAILY FORECAST FOR USDCHF Bias: While 1.0833-45 supports I feel we can reach the 1.0961-79 area at least – then work with breaks The 1.0855 support slipped a little but we finally reached the low end of the 1.0930-65 resistance. There is a steep bearish divergence in the hourly market so we should be cautious. [...] [...more]
EURUSD strong negative trend was confirmed like it was stated in previous analysis. In order to change a trend for bulls they need to push back prices to at least 1.41500 price level, if they won’t have enough power bears will take over the situation once more. TA.EURUSD 2009-07-30 TA.pdf [...more]
2009-07-30: Crude Oil Price Crashes after Unusually High Inventory DataThe price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations, the message yesterday was quite clear: demand is plummeting. [...] [...more]
2009-07-30: Crude Oil Price Crashes after Unusually High Inventory DataThe price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations, the message yesterday was quite clear: demand is plummeting. [...] [...more]
2009-07-30: Will Crude Oil Drop Below $60 a Barrel?Crude Oil prices continued to slide yesterday. Yesterday morning, a barrel of oil was valued near $66, but the current price is trading for less than $63. The main reason for the sharp cut in crude oil prices yesterday was the Crude Oil Inventories report. The report [...] [...more]
