AUDUSD Daily Analysis – September 7, 2016
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already.
ETF
Over Supply Continues To Drive Copper Prices Lower
As global markets return to business after the summer recess, and commodity markets attempt to find some much needed traction, the story for copper is very different as it continues to remain range bound and waterlogged across all the slower time frames.
EURUSD Forecast September 6, 2016, Technical Analysis
The EURUSD pair went back and forth during the course of the day on Monday, essentially settling nothing. Perhaps lack of volume was part of the problem as Americans were away for Labor Day.
AUDUSD Forecast September 6, 2016, Technical Analysis
The AUDUSD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning.
EURUSD Forecast September 2, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle.
AUDUSD Forecast September 2, 2016, Technical Analysis
The AUDUSD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session.
Sterling Surges As Resilience Of UK Economy Continues To Surprise (GBPJPY)
The pound took a pounding in the lead up to and aftermath of the June 23 EU referendum. But in recent weeks, it has staged a remarkable recovery, even though the Bank of England has decided to cut interest rates to near zero and restarted QE.
GBPUSD Daily Analysis – September 1, 2016
GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend.
EURUSD Daily Analysis – September 1, 2016
EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123.
Crude On A Slippery Roller Coaster Ride To Nowhere
Over the past week and a half, crude oil prices have been on a rollercoaster ride. Within the large ranges, the force of gravity has generally worked against bullish speculators after the 3-week rally ended in mid-August when Brent hit $51 and WTI reached $49 a barrel again.