AUDUSD Forecast January 7, 2015, Technical Analysis
The AUDUSD pair broke down during the course of the day on Wednesday, finally breaking down below the uptrend line that has been holding it up for some time.
Thursday’s Key Economic Data
Today’s Key Economic Data
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.
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
Trade Alert – MON
Trade Alert – New Position
Netflix Unlikely To Lose Its Luster
Netflix, Inc. was a market darling in 2015 with the company’s shares rising more than 100 percent over the course of the year. The company’s dominance in the streaming market and ability to hook users on quality original programming gave the firm a leg up against competitors and gave investors reason to believe in the company’s future plans.
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.