US Employment Numbers and Crude Oil Inventories Due Up
February 2, 2011 6:53 am by Anton EljwizatWith an abnormal number of news events coming from the Europe, United States and New Zealand today, forex traders have been in frenzy to place their bets before the trading day gets underway. Trading during these news events, which typically ...
Crude Oil – Bearish Signal
December 27, 2010 2:54 pm by Russell GlaserA bearish cross has formed on the daily chart’s slow stochastic oscillator, indicating a sell signal for crude oil. We may expect spot crude oil prices to fall in the near term. Support comes in at $90.75, followed by ...
Can Crude Maintain its New Rally?
November 2, 2010 3:22 pm by Natalie R.Oil prices received a boost yesterday after Saudi Oil Minister Ali Naimi suggested consuming countries are happy with oil between $70 and $90 a barrel, raising the price ceiling by 10$ from the previous range of $70 - $80.
Japan Intervenes in the FX Market
September 15, 2010 9:04 am by Anton EljwizatThe Japanese Yen experienced one of its most bullish trading days in recent weeks on Tuesday against the USD. The USD/JPY fell as low as 82.97, its lowest level since mid-1995, after Japan’s prime minister won a ruling party leadership ...
Will Crude Oil Reach A 2-Month Low?
September 1, 2010 12:49 pm by Yan PettersThe sharpest trend that was observed during yesterday’s trading is bearish crude oil. Crude oil has erased almost all of this week’s gains, and has bottomed at $71.52 a barrel. Crude oil is dropping due to concerns that the U.S. ...
Crude Oil Inventories
August 25, 2010 1:52 pm by Natalie R.After dropping below $72 a barrel overnight, to an 11 week low, crude levels rebounded slightly in today’s early trading ahead of the release of U.S inventories data later today that is predicted to show a modest gain in gasoline ...
ECB President Trichet Speech on Tap
April 26, 2010 10:29 am by Natalie R.After a week on which the Dollar strengthened vs. the Euro, and commodities such as crude oil and gold dropped, towards the end of the week, a reversal took place. Currently, both the Euro and crude oil seems to be ...
Crude Oil Trading Tip – A Bearish Correction?
March 9, 2010 5:49 am by Greg HoldenToday's news seems minor compared with the rest of the week. We can, however, expect to see two relatively major developments in today's trading. The first is the release of Great Britain's trade balance. While this figure doesn't carry much ...
Will Crude Oil Continue to Decline?
January 18, 2010 11:08 am by Yan PettersTwo main trends dominated the market during last week – the bullish Yen and the bearish Crude Oil. The Yen strengthened against all the major currencies, yet this was mainly due to the weak Dollar and Euro. The more surprising ...
