Dr Copper Remains In Intensive Care!
Copper, like many other commodities holds a mirror to the Reuters Jeffries CRB index, which continues to wallow in a sea of bearish sentiment on the daily chart.
ETF
Oil Price War Continues As OPEC Tighten The Screw
As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy suppliers in a price war continues.
USDJPY Forecast June 23, 2015, Technical Analysis
The USDJPY pair broke higher during the course of the session on Monday, clearing the 123 handle.
GBPUSD Forecast June 23, 2015, Technical Analysis
The GBPUSD pair broke out a few sessions ago as we cleared the 1.58 handle. On Monday, we pulled back to find support at that previous resistance barrier, something that you would expect if you use technical analysis for your trades.
AUDUSD Forecast June 23, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Monday, testing the 0.77 level.
EURUSD Wedge Breakdown June 23, 2015
EURUSD has been consolidating inside a rising wedge pattern for the past few weeks and is recently showing signs of a breakdown. Price is trading below the 1.1300 handle and may be in for around 200 pips more in losses, which is the same height as the chart pattern.
The Good – The Bad and The Bond Vigilantes
I am not sure who coined the phrase Bond Vigilante, maybe it was Ed Yardeni, but the thought evokes the sound of a hundreds of horses galloping, the thunder of their hooves as they approach. At first, it’s just a faint sound something to make your head lift up.
Fed Meeting Suggests One Or Two Rate Hikes This Year
This week’s Federal Reserve meeting served as confirmation for investors that the bank is still planning to raise interest rates some time before the end of this year.
Abe the Yen Samurai
Fukushima. However, the Japanese public seemed to take responsibility and handled it with class and dignity.
GBPUSD Forecast June 18, 2015, Technical Analysis
The GBPUSD pair broke much higher during the course of the session on Wednesday as we finally cleared the 1.58 level. Because of this, we feel that the market has broken out and it’s only a matter time before the British pound continues to go much higher against all currencies, not just the US dollar.