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.
USDJPY Forecast August 31, 2016, Technical Analysis
The USDJPY pair broke higher during the course of the session on Tuesday, breaking above the top of the shooting star from the Monday session. Because of this, I believe that the market is going to continue going higher, as the Bank of Japan has worked against the value of the Yen and of course the Federal Reserve looks much more likely to potentially raise interest rates in the fairly
AUDUSD Daily Analysis – August 31, 2016
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500.
EURUSD Daily Analysis – August 31 2016
EURUSD’s downward movement from 1.1366 extended to as low as 1.1132.
USDCAD Forecast August 29, 2016, Technical Analysis
The USDCAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again.
GBPUSD Forecast August 29, 2016, Technical Analysis
The GBPUSD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we could see more selling.
Next Week’s Economic Data
A look into next week’s economic data calendar
GBPUSD – Cable could snap back to reality
The recent improvement in UK data has seen many investors and analysts, ourselves included, ask a rhetorical question with a hint of sarcasm “Brexit, what Brexit?” Traders have apparently reduced their net short positions from record high levels as they realised the fallout in the immediate aftermath of Brexit was not as bad as many had feared. Granted, not all the economic pointers have been great but on the whole
AUDUSD Forecast August 25, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.