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The oil slide will self-correct, eventually…

The oil slide will self-correct, eventually…

Nov 28, 2014 15:01
How low can oil go? In the short-term, it is anyone’s guess. But in the medium to long term, I suspect we’re close to a bottom. Why? Guest post by Jamie Coleman Because...

Majors»

GBP/USD Forecast Nov. 24-28

GBP/USD Forecast Nov. 24-28

Nov 23, 2014 18:38
The British pound managed to hold its own against the dollar last week, showing slight losses. The pair closed at 1.5627. This week’s key events are the Inflation Report...
  • USD/JPY Forecast Nov. 24-28
    USD/JPY Forecast Nov. 24-28
    The wobbly yen continues to lose ground, as USD/JPY climbed close to 100 points last week. The pair closed at...
    on Nov 23, 2014 17:25
  • EUR/USD Forecast Nov. 24-28
    EUR/USD Forecast Nov. 24-28
    EUR/USD traded in range for some time, but eventually lost ground and closed under 1.24. Can it extend its falls?The...
    on Nov 22, 2014 15:00
  • Forex Weekly Outlook November 24-28
    Forex Weekly Outlook November 24-28
    The dollar strengthened quite nicely, with the exception of the loonie, as the US economy and the Fed remain firmly...
    on Nov 21, 2014 16:20

Minors»

USD/CAD Forecast Nov. 24-28

USD/CAD Forecast Nov. 24-28

Nov 23, 2014 16:02
The Canadian dollar showed some movement in both directions but was little changed at week’s end. USD/CAD posted slight losses, closing the week at 1.1231. This week’s...
  • AUD/USD Forecast Nov. 24-28
    AUD/USD Forecast Nov. 24-28
    AUD/USD headed to lower ground last week, losing close to 100 points. The pair closed at 0.8659. This week’s...
    on Nov 23, 2014 14:12
  • NZD/USD Forecast Nov. 24-28
    NZD/USD Forecast Nov. 24-28
    The New Zealand dollar struggled to continue advancing, as contradicting data kept it abay. What’s the...
    on Nov 23, 2014 11:37
  • AUD/USD Forecast Nov. 17-21
    AUD/USD Forecast Nov. 17-21
    AUD/USD bounced back last week, gaining close to 100 points. The pair closed at 0.8736. This week has six events,...
    on Nov 16, 2014 18:27

Basics & Industry»

5 Commandments That Will Catapult You to Your Desired FX position

5 Commandments That Will Catapult You to Your Desired FX position

Nov 25, 2014 08:08
Do you know that a huge number of Forex traders are in trouble? Do you really know the cause of such a predicament? Many even regret knowing the existence of FX, do you know...

Recent Articles

ECB & NFP headline first week of December

ECB & NFP headline first week of December

After a couple of weeks of losses related to recent monetary policy guidance, the British unit has steadied itself. In the aftermath of the Quarterly Inflation Report Sterling gave up nearly 4 big figures against both the Euro and the Greenback. However this week both pairs have stabilized thanks largely to an on expectations Q3

OPEC’s decision reverberates through markets

OPEC’s decision reverberates through markets

Following OPEC’s announcement yesterday to maintain its production target of 30 million barrels a day, oil prices have collapsed over 6% with WTI below $70 and Brent to $73.  The repercussion of its decision is wide – by not cutting production to provide price stability, it fuels pressure for other oil producers such as the

GBP/JPY Sees Price Hesitation

GBP/JPY Sees Price Hesitation

GBPJPY – The cross may continue to maintain its broader uptrend medium term but faces corrective pullback risk. On the upside, resistance lies at the 186.00 level followed by the 187.00 level where a break will aim at the 188.00 level. A cut through here will aim at the 188.50 level. On the downside, support

The oil slide will self-correct, eventually…

The oil slide will self-correct, eventually…

How low can oil go? In the short-term, it is anyone’s guess. But in the medium to long term, I suspect we’re close to a bottom. Why? Guest post by Jamie Coleman Because the sources of new crude like hydraulic fracturing (fracking) now being used with great success in the US, and the Alberta tar

Canadian GDP rises 2.8% in Q3 – USD/CAD slides

Canadian GDP rises 2.8% in Q3 – USD/CAD slides

Canada is not only about oil: growth in Q3 came out an annualized 2.8%, after an upwardly revised 3.6% in Q2. Month over month, a growth rate of 0.4% was recorded, as expected. USD/CAD is sliding down from nearly 1.14. Update: the dip sent it 1.1360 but the pair is now bouncing back up. Canada

Holiday trading, UK elections impact on BOE, US data run down and the Chinese cut – Market Movers #26

Holiday trading, UK elections impact on BOE, US data run down and the Chinese cut – Market Movers #26

Markets are different during the holiday season that just began. How should you react? We begin with this topic and then talk about things that do move markets: the US data and especially GDP that look more complicated than earlier, the UK elections that already have an impact on the BOE and the pound and China’s rate

US data releases lead to GBP/USD trading at a high

US data releases lead to GBP/USD trading at a high

It was a fairly muted week in FX markets last week. The Bank of England Governor Mark Carney and other MPC members testified before the Treasury Select Committee on Tuesday.  They didn’t say anything too surprising – Carney stated that the next policy move would be to raise interest rates, although didn’t say when. He

Euro-zone inflation at 0.3%, core at 0.7% – EUR/USD rises

Euro-zone inflation at 0.3%, core at 0.7% – EUR/USD rises

Headline inflation did not lose its lows and stayed at 0.3%. Core inflation is at 0.7%. Unemployment stands at 11.5%. All numbers are as expected. Given the German inflation numbers, it seems that it could have been worse. EUR/USD is ticking higher on a minor “relief rally”. The euro-zone was expected to report a yearly

AUD/USD: Trade The Dead Cat Bounce Tactically – SocGen

AUD/USD: Trade The Dead Cat Bounce Tactically – SocGen

The Australian dollar reached new 4 year lows in November, falling below the 85 cent mark. Can it further fall? If so, how? The team at SocGen analyzes the downtrend and the so called “dead cat bounces”: Here is their view, courtesy of eFXnews: SocGen remains structurally bearish AUD/USD but notes that the technical picture strongly

Crude oil plunges – US dollar rebounds

Crude oil plunges – US dollar rebounds

Despite US investors being on holiday yesterday for Thanksgiving, the dollar has regained a little ground with the rebound coming largely at the expense of crude oil which continued its decline as traders sold Brent and Nymex causing them to plummet to new four year lows. Consumers will be rejoicing, especially since today marks Black