The Australian dollar has broken higher during the trading session on Wednesday, slicing through the short term resistance that has been a major thorn in the side of Australian buyers. That being said though, we…
Economic data out of Japan, in the form of machine orders that plunged in October, disappointed. The Japanese Yen came under selling pressure, and the EUR/JPY extended its advance; the Fibonacci Retracement Fan sequence provided…
Last Friday’s strong NFP report had a limited short-term impact, as the US Dollar is once again under pressure. Today’s conclusion of the last US Federal Reserve meeting this year is anticipated to keep the…
The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Tuesday, but then turned around to rally and slam into the $60 level. At this point, the market is likely…
The West Texas Intermediate Crude Oil market initially fell during Monday trading as we got reports from OPEC that they were cutting 500,000 barrels per day. This is on top of the already 1.2 million…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices,…
The crude oil markets have rallied a bit during the trading session on Thursday as we await the OPEC meeting results. The question now is whether or not they simply hang on to the production…
The crude oil markets have rallied a bit during the trading session on Thursday as we await the OPEC meeting results. The question now is whether or not they simply hang on to the production…
Optimism about the British election to be held in a few days, along with the losses of the US dollar against other major currencies, pushed the GBP/USD pair to make more gains and break the…
The Australian dollar exploded to the upside on Monday, as there are signs of hope coming out of China when it comes to manufacturing figures. Keep in mind that the Australian dollar is very sensitive…