Euro Up as Italy Fears Fade, Canadian Dollar Falls with Crude Oil

TALKING POINTS – ITALY, EURO, SWISS FRANC, CANADIAN DOLLAR, CRUDE OIL Euro soars as Italy’s Mattarella vetoes eurosceptic cabinet nominee Swiss Franc retreats, Aussie and NZ Dollars rise as sentiment firms Canadian Dollar sinks as crude oil prices continue Friday’s selloff The Euro traded sharply higher to start the week after Italian President Sergio Mattarella […]

Crude Spills on Saudi’s Proposed Increase, Short-Term Top Likely

Fundamental Forecast for USOIL: Neutral Talking Points: The ONE Thing:Saudi turning on the spigots may lead to lower prices, but bullish environment remains. OPEC rhetoric is rightly center stage as oil traded notably weaker toward week’s end. Saudi Arabia’s oil minister, Ali-Falih, said he sees a ‘likely’ oil supply boost in H2 2018. Per BHI, […]

US Dollar: Break or Bounce, Setups on Both Sides

In this webinar, we looked at price action setups in the US Dollar after a pullback in the recent month-long bullish trend. This produces the possibility of bullish continuation, but that’s not the only possible setup, as short-side themes remain open of both very short and longer-term varieties. We looked at each in this webinar, […]

AUD/USD Price Analysis: Pending Consolidation Break to Fuel Next Leg

The Australian Dollar has continued to trade within a 2% range (150pips) since the start of May trade with price setting a well-defined monthly opening-range just above weekly support. While the broader risk remains weighted to the downside, the immediate bias remains vulnerable near-term while above this week’s lows. Here are the levels that matter […]