Crude Oil Rebounded as US Inventory Declined. Petroleum Inventory Mixed
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank ...
Monthly Archives: January 2021
Canadian Dollar Price Outlook: USD/CAD Breaks Out Ahead of the Fed
USD/CAD pushed up to a fresh two-week-high ahead of the Federal Reserve rate decision - can bulls continue to push?
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2121; (P) 1.2149; (R1) 1.2189; More… Focus is back on 1.2052 support in EUR/USD with today’s steep decline. Break ...
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3649; (P) 1.3697; (R1) 1.3783; More…. GBP/USD is in deep retreat but with 1.3608 support intact, further rise is e...
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8852; (P) 0.8874; (R1) 0.8887; More…. No change in USD/CHF’s outlook and intraday bias remains neutral. On the ups...
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 103.51; (P) 103.67; (R1) 103.78; More.. USD/JPY’s rebound from 103.31 extends higher today but stays below 104.39 re...
USD/CAD Mid-Day Outlook
Daily Pivots: (S1) 1.2661; (P) 1.2722; (R1) 1.2753; More…. USD/CAD’s break of 1.2798 resistance should confirm short term bottoming at ...
AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jan 20, 2021 06:00 GMT when AUD/USD traded near 0.78.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stron...
Germany Slashes Growth Forecast, UK Tightens Border, Risk Appetite Recedes
Dollar, Yen and Swiss Franc strength again today, as dragged down by the decline in European stocks. DOW future is also losing -300pts ...
US Dollar Technical Outlook Turning Positive: USD Charts to Watch
The US Dollar is trying to turn higher as it tries to make good on a bottoming sequence; a trend test lies not too far ahead from here....