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WTI OIL
Following a much larger than anticipated drawdown in US Crude Inventories, the recent oil rout is levelling out which means buying pressure is likely to be coming down the line in the immediate future. Moreover, both the near and medium-term technical biases are indicating that a bottom has been...
Australia
The Aussie Dollar has had a relatively rough week to date as the pair has reacted to a range of wildly swinging sentiment around the USD, as well as a disappointing CPI result. This has provided the conditions for a fairly steady depreciation which has seen price action currently...
US Dollar Japanese Yen
In light of the fact that the BoJ is going to be thrusting the Yen centre stage in the next 24 hours as a result of its interest rate announcement, it’s worth taking a closer look at the USDJPY and what is likely to be on cards moving ahead....
New Zealand Dollar
The Kiwi Dollar had an interesting week last week and saw some fairly volatile trading despite the broadly bullish trend. As a result, it is worth taking a closer look at what was driving prices and what should be kept in mind as we move forward. In particular, we...
Great British Pound
The Cable had a tumultuous week as the U.K. Prime Minister, Theresa May, shocked the market with a snap election to strengthen her mandate for a Brexit. This caught the market off-guard and saw the pair rally nearly 200 pips. However, it remains to be seen if it can continue...
Swiss Franc
The Swissy’s recent decline has been on pause over the past few sessions which cast some doubt on the likelihood of seeing a retracement all the way to the downside of its consolidation phase. Fortunately for the bears out there, the bias remains in your favour given both technicals...
Australian Dollar
The Aussie Dollar’s long-term technical forecast was in danger of being upset last week but the pair’s recent tumble back to support has revived the bear’s hopes for a major downtrend taking hold. What’s more, the broader argument for ongoing losses is looking stronger than ever which could see...
Japanese Yen
The AUDJPY currency pair has convincingly trended lower over the past few months as the air has steadily leaked from the balloon that is the Australian economy. Subsequently, the market has seen price action falling from its high above the 87.00 handle, to the present close at 81.79. This...
Euro Vs Poud
GBP crosses are currently very much in focus which will come as little surprise given the surge in sentiment following Theresa May’s announcement of a snap election in June. The EURGBP is no exception to this but, unlike some other pairs, it is now challenging a critical zone of...
SWISS FRANC
The EURCHF could be destined for a near-term breakout over the coming sessions and its recent decline is likely to be put on hold for a short while. Specifically, the pair is now testing the upside of a rapidly narrowing wedge and, unlike like prior challenges, this one could...
Oil
Crude Oil prices have been trending strongly higher through most of April as the commodity was buoyed by the ongoing OPEC production cuts, as well as plenty of geo-political risk. Subsequently, we have seen the West Texas Intermediate (WTI) prices leap to around the $53.74 before slipping lower to...
Canadian Dollar
In the wake of the Bank of Canada’s Overnight Rate decision, it may be worth taking a closer look at the Loonie’s technical forecast to get a feel for what could be on the way over the coming weeks. As we do this, it will likely become apparent that...
Silver
In times of spiralling market fears, it’s only natural that we see gold prices spike higher but we shouldn’t forget the metal’s cheaper sister as it too is reacting strongly to recent geopolitical developments. Additionally, silver’s technical bias is highly supportive of ongoing gains which may mean that it...
Euro Dollar
The Euro continued to retreat throughout most of last week, as price action was rejected from levels around the 55EMA, despite a stronger than expected EU Retail Sales Result of 0.7% m/m. Much of the move was due to the stronger greenback sentiment in the wake of a sharp...
Swiss Franc
The Swissy should be gearing up for another reversal in fairly short order as the technical and fundamental biases turn against the pair. Specifically, we continue to see the long-term chart pattern exert its influence and when this is coupled with a number of fundamental developments, downside risks seem...
Japanese Yen
The USDJPY initially started last week in a deep slide following a disappointing Flash Manufacturing PMI result which slipped to 53.3. However, the pair’s fortunes quickly turned around following the release of the U.S. Trade Balance data and the surprise fall in the unemployment rate. Subsequently, the pair largely...
New Zealand Dollar
The NZD continues to retrace the long-term ABC wave that was mentioned last week and, after Friday’s major stumble, the chances of seeing it complete are looking even better. As a result, it may be worth looking at how the Kiwi Dollar got to where it is and what...
Australian Dollar
The Aussie Dollar seems to have finally shed its bullishness and is now making a beeline for a crucial level of indication which might result in a substantial slide over the coming weeks. Specifically, if it breaks through the 0.7490 level, a developing chart pattern will likely be confirmed...
New Zealand Dollar
The past few months have been relatively rough for the pair as the Kiwi Dollar has traded within a strongly bearish channel that has taken it from a high around 83.50 all the way down to price actions current level at 76.90. However, although things might presently be looking...
Gold is fast approaching a critical resistance level which could mean we have a few torrid weeks ahead of us. Specifically, on the one hand, the metal’s underlying bullish sentiment remains intact which should see it push higher. However, on the other hand, gold is battling against a deteriorating technical...
Japanese Yen
The Dollar Yen had an interesting session yesterday, moving rather notably against the broader market trend as the USD picked up some momentum. Whilst much of this movement is explainable by weaker bond yields and a leaky stock market, this fundamental bias is likely to be countered in the...
Euro
The Euro had a torrid week after the markets seemingly unwound their hawkish view of the ECB’s policy path. In addition, the EU CPI figures also proved highly disappointing, coming in well below forecasts at a meagre 1.5% y/y. Subsequently, the past week has seen a sharp reversal, away...
Australian Dollar
The AUDUSD was all over the place last week which leaves its outlook for the week ahead somewhat unclear. As a result, it is worthwhile taking a look at both what caused last week’s performance and what is on the agenda as we move ahead. Furthermore, we can look...
Great British Pound
The Cable had a relatively historic week with the formal triggering of the Article 50 Brexit provisions causing some volatility for the pair. However, the pair recovered fairly quickly as the market appears to be looking past the Brexit and towards the currently strong inflation figures and the chance of...
Brent Oil
Oil prices are reaching a critical zone of resistance which could spell trouble for the forecasted rally. Specifically, as has been discussed previously, the 100 day moving average is generating some significant resistance which could prevent the 51.55 mark from being reached over the coming session. As a result,...
Swiss Franc
The USDCHF looks ready to enter a ranging phase moving ahead which could last a number of weeks before a large slip to the downside is subsequently seen. This sideways movement will come as a result of the interaction of some countervailing technical forces and an equally mixed fundamental...
Euro Dollar
The Euro’s recent upswing seems to be coming to an end which could go some way in explaining yesterday’s rather torrid reaction to the broader market trend. Indeed, fundamentals aside, the EUR’s technical bias alone seems to indicate that downside risks are opening up as we move ahead which...
Euro Vs Poud
The Euro-Pound pair has been trapped by a tightening wedge over the past few weeks as it has largely traded between 0.8395 and 0.8800. However, the past few days has seen the pair steadily breaking above the current cloud formation which suggests that we are about to see a...
Australian Dollar
The past few days has seen the AUDUSD continue to trend in largely a sideways manner within a relatively tight 50 pip range. Subsequently, there has been little in the way of a defined trend and the pair remains meandering around 50% of the March move at 0.7619. However,...
Silver
Silver’s long-term uptrend may be due for a spell of moderation moving ahead as the metal prepares to make a final push higher in the coming weeks. Specifically, the combination of a number of technical forces is beginning to put pressure on silver prices, even if the general bias...

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