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Crude Oil Continues To Look Anemic
The WTI Crude Oil markets fell hard during the course of the session on Tuesday, slamming into the $91.00 level.
UK Q2 Growth Revised Upwards
The quarterly growth figures are subject to revision since they are projections based on partial data – as more hard data is received, the numbers become more solid.
WTI In A Downtrend. Sell, Don't Buy
The WTI Crude Oil markets fell initially during the session on Monday, but found support just below the $93.00 level in order to turn things back around and go much higher.
USD/JPY Forex Signal
Nothing much happened yesterday although as I wrote, this pair continues to look like the best pair of choice to benefit from any continuation of USD strength.
Bitcoin Offers Fresh Sell Signal
BTC/USD continued to remain in a strong downtrend in yesterday’s trading session. The digital currency post breaking below the all-important support zone at $380 has been unable to climb above the mentioned level.
Gold: October 2014 Forecast
Gold prices suffered a monthly loss of nearly 5.5% as a rally in the U.S. dollar and gains in the major stock markets dulled the precious metal's attractiveness.
Dollar Broadly Higher Ahead Of NFP
The U.S. Dollar saw broad gains in London trading, with the months-long rally still holding onto a full head of steam in what is certain to be a market-moving event filled week which includes at its culmination, the non-farm payrolls report on Friday. T
Forex Week In Review Sep 29
Last week saw all the world’s major stock markets losing ground. It marked the final session of the month and the quarter.
Alibaba Slumps As Short Sellers Enter
China’s largest e-commerce company slumped 3.7 percent to $90.46 last week after having soared 38 percent in its Sept. 19 debut on the New York Stock Exchange.
EUR/JPY: October 2014 Forecast
The EUR/JPY pair tried to rally during the course of September, but as you can see gave back about half of the gains. The resulting candle ended up being a bit of a shooting star, but it’s just above the 135 handle, which for me is massive supportive.
AUD/USD-Australian Dollar Correlation
The AUD/USD pair fell hard during the course of the day on Thursday, breaking below the 0.88 level.
Carney Warns On Asset Prices
In addition to his role as Governor of the Bank of England, Mark Carney also chairs the Financial Stability Board (FSB), a global watchdog body.
Gold Bulls Defend Key Support
Gold prices settled higher on Thursday, rebounding from an eight-month low, with the metal’s attractiveness as a safe-haven asset offsetting pressure from strength in the American dollar.
USD/CAD Shooting Star
The USD/CAD pair tried to break down during the session on Wednesday, but as you can see struggled just above the 1.11 level during the course of the day.
Eurozone Business Growth Weakens
Business confidence within the 18 European nations that share the common European currency, the Euro has continued to weaken. The data comes from the most recent Markit (Composite) Purchasing Managers’ Index (PMI).
Kiwi Climbs; Asian Stocks Drop
Asian stocks fell, with Australian shares leading the regional index toward its lowest close since June as bond risk rose to a three-month high after a selloff in U.S. equities.
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