News

Oil Traders Increase Longs  The latest CFTC COT institutional positioning report shows that oil traders increased their net longs last week, taking the total upside position to 181k contracts from the prior 154k contracts. This jump in bullish positioning comes on the back of 5 weeks of reductions in upside exposure which saw the total […]

TitleNZDUSD H4 | Bounced off from support level TypeBullish Bounce Preference:Price has just bounced off from our pivot point at 0.62807 , which is an overlap support along with a 61.8% Fibo retracement. Price could push up to the 1st resistance at 0.63357 , which is swing high resistance. Alternative scenario:However, if the price were […]

The Australian dollar against the US dollar has been declining for three days in a row. The current quote is 0.6689. Aussie got under pressure after the governor of the Reserve Bank of Australia Philip Lowe announced the decision to make a pause in lifting the interest rate. Before that, the rate had grown ten […]

EURUSD on Thursday is stable. The current quote is 1.0890. The data published yesterday demonstrated that the ADP private employment index in the US in March had grown by 145 thousand while an increase by 200 thousand had been expected. The bad impression was smoothed out by the revision of the previous report: it changed […]

CAD Rallies on Oil Gains The Canadian Dollar has seen plenty of strength over the European morning on Thursday. Despite a weaker risk backdrop, the rally in oil prices this week on the back of recent OPEC+ production cut announcements has seen CAD enjoying a wave of fresh demand. Interestingly, the retail market is holding […]

Oil Price Boost  Shares in US energy company Phillips 66 are surging higher ahead of the US open today on the back of a solid 6.5% gain yesterday. The rally comes on the back of the recent OPEC+ production cut announcement which has seen oil prices increasing and many players revising higher their oil price […]