News

EURUSD, “Euro vs US Dollar” After breaking the consolidation range to the downside at 1.1244 and forming a downside continuation pattern, EURUSD is falling to reach the target at 1.1188. Later, the market may correct to test 1.1244 from below and then start a new decline with the target at 1.1180. GBPUSD, “Great Britain Pound […]

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]

Oil prices are turning up, and Brent crude is near $91 Oil prices turned up about 1% during trading on Thursday, with Brent crude rising near $91 a barrel, with geopolitical concerns continuing to support prices. Oil prices were lower in early trading, with the US dollar gaining after indications that the Federal Reserve will […]

Gold prices fell in trading Thursday, with the US dollar rising, after indications that the Federal Reserve will tighten monetary policy, and intend to raise interest rates starting next March. Geopolitical concerns about an imminent war between Russia and Ukraine have limited fears amidst the demand for the yellow metal as a safe haven. Gold […]

Fed Turns Up The HawkUSD bulls were not left disappointed by last night’s FOMC meeting. The Fed satisfied hawkish expectations, noting that “it will soon be appropriate to raise the target range for the federal funds rate”. With tapering of QE due to end by early March, the market expects the Fed to lift rates […]

Oil Longs Hit Ten Week HighsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week by a further 26,000 contracts. This latest increased takes the net upside position back up to ten-week highs. Oil has been steadily bought over recent weeks, reflected in the ongoing rally in […]