Not A Happy New Year For WTI
For oil prices, the new year could hardly be described as happy, as the relentless decline in prices continues, with December’s pause now starting to fracture, as February’s WTI contract picks up downside momentum.
ETF
EURUSD Forecast January 6, 2016, Technical Analysis
The EURUSD pair broke down below the 1.08 level during the day on Tuesday, showing that the market is continuing to show real selling pressure.
AUDUSD Forecast January 6, 2016, Technical Analysis
The AUDUSD pair fell during the course of the session on Tuesday, but as you can see is testing the uptrend line from the ascending triangle that we have been paying so much attention to.
Wednesday’s Key Economic Data
Today’s Key Economic Data
Growth To Hit 6.7% Due To Woes In Manufacturing, Export
China’s (FXI, quote) economic growth is predicted to further decelerate this year to 6.7 percent, the slowest since 1991, trapped by manufacturing overcapacity and sluggish export, said a think tank report on Tuesday.
EURUSD Forecast January 5, 2016, Technical Analysis
The EURUSD pair had a very volatile Monday, as we initially tried to rally, but turned back around to crash into the 1.08 level, and the 50 day exponential moving average.
AUDUSD Forecast January 5, 2016, Technical Analysis
The AUDUSD pair fell during the day on Monday, reaching towards the bottom of the ascending triangle that we have been trading in.
Tuesday’s Key Economic Data
Today’s Key Economic Data
AUDUSD Weekly Analysis – January 3, 2016
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds,
EURUSD Weekly Analysis – January 3, 2016
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.