Light Sweet Crude rose for most of the trading session on Tuesday, but pulled back to form a shooting star just under the $102 level. With this candle, it appears that the $102 level will now start to act as resistance. As we noted yesterday, this market looked as if it wanted to rise, but [...]
EUR/USD got an initial pop on Monday as the austerity measures passed in Athens. However, this excitement was short-lived, and the sellers stepped into the markets. The 1.3250 level has been one the market has been flirting with lately, and it also happens to be the 38.2% Fibonacci retracement level. The trend has been down [...]
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Light Sweet Crude had a bullish session on Monday as the world continues to focus on the tensions between the West and Iran. The Israelis had two embassies attacked on Monday in both India and Georgia, although the attempt in Tbilisi failed and the bomb was diffused without incident. Israel immediately blamed Iran, and oil [...]
The gold markets fell for the session on Friday, but managed a nice bounce in order to form a hammer on support. This is the type of pullback that we love to buy, and think that this offers a real opportunity to get back into the gold markets. The $1,750 level above continues to be [...]
EUR/USD rose during the session as word of an agreement in Athens hit the wires. However, it should be noted that the reaction was somewhat subdued, and this good news will have already been priced into the markets by a large extent. The news also came without any major details, and a German comment [...]
ForexCrunch EUR/USD Outlook February 13-17 2012 USD/CAD Outlook February 13-17 Forex Weekly Outlook February 13-17 Forex Crunches for the Weekend Forex Crunch Nominated for FXStreet Forex Best Awards for Fundamental Analysis Euro/dollar couldn’t hold to gains, as the second Greek bailout deal couldn’t be sealed. Is Greece close to a breaking point? The initial GDP releases [...]
Light Sweet Crude markets rose during the Thursday session as traders were willing to go out on the risk curve a bit. The down trending channel is currently being tested, but we wouldn’t consider it broken until we get a close above the next handle, which happens to be the large and important $100 [...]
The NZD/USD pair continued to grind sideways during the Thursday session as the pair takes a breather from the massive bull move it had recently seen. The Dollar is under pressure in general, and the commodity currencies have been loved since the start of the holiday season in December. This pair is particularly apt [...]
USD/CHF had a very tight range on Wednesday as the world continues to wait on the results of a Greek bailout deal. The markets have been incredibly patient with Athens, but the time has come to see some kind of agreement. The “risk on, risk off” movements of the markets have made it extraordinarily difficult [...]