Commodities Appear Poised for Upward Correction
January 24, 2011 3:00 pm by Greg HoldenIt appears the decline in US dollar values has not yet been priced into commodities and we may be expecting a major correction in physical asset prices this week as a result.
OPEC Expects Oil Prices to Rise
November 17, 2009 7:50 am by Dan EduardCrude Oil rose by the most in 6-weeks on a weak USD and a stock market rally in the U.S. As a result, this boosted investor's confidence that energy demand will increase significantly in the coming months. Crude Oil closed ...
U.S. Federal Budget Balance to be at the Forefront of Today’s Trading
October 13, 2009 6:22 am by Dan EduardThe Dollar experienced in most cases a bearish trading day on Monday, as it fell against the EUR, the CAD and the CHF. With regards to the British Pound, the British currency tumbled vs. the USD, EUR and JPY. Crude ...
Forex Update
September 15, 2009 7:11 am by Dan EduardThe USD experienced a very volatile trading day, as it fell to its lowest level in almost a year against the EUR. The British Pound made significant gains against the JPY yesterday, whilst plummeting against the EUR. In late trading yesterday, ...
Crude Oil Downward Trend Set to Continue
August 17, 2009 2:57 pm by Dan EduardThe price of Crude Oil has fallen considerably in the past several trading days. This was despite what we saw as a mini recovery for Crude in the previous month. On the one hand, there is some support for Crude, ...
Dollar and Crude Oil Up Front
August 4, 2009 7:49 pm by Dan EduardMonday's trading saw the Dollar fall against nearly all of its major currency pairs. On the other hand, Crude Oil rose to its highest level since the beginning of July. The Dollar slumped vs. the key currencies, including the GBP, EUR ...
Crude Oil and Gold on the Rise
August 3, 2009 10:44 am by Yan PettersIn accordance with the Dollar's recent depreciation, the commodities' values have risen. An ounce of gold is currently traded for around $955, and a barrel of Crude Oil is traded for over $70 – near a 1-month high! The rise ...
Dollar Rises and Oil Drops
July 30, 2009 8:41 am by Yan PettersThe 2 leading trends in the market at the moment are the bullish US Dollar and bearish commodities, especially Crude Oil and Gold. It is very clear that the two trends are highly correlated, thus whenever one of them will ...
Is Crude Oil Set for a U-Turn?
June 23, 2009 3:07 pm by Dan EduardThe price of Crude Oil is set to for a bullish u-turn, according to both fundamental and technical data. It seems that the recent downward trend in the price of Crude may be short-lived, as factors on the ground signal ...
Crude Oil Price Reversal in the Making?
June 17, 2009 11:13 am by Yan Petters• The chart below is the weekly Crude Oil chart by ForexYard. • The technical indicators used are the Bollinger Bands, Stochastic and RSI.
