No Image

Commodities Snapshot (energy)

Energy performance down once again today. Weekly performance at a glance in chart & table 
Oil (WTI) –

WTI is down 1.5% today, after yesterday’s gain of nearly 4.5%. WTI is struggling to break above $50/ barrel.

Price is making triangle pric…

READ MORE 

No Image

Dollar Slides Into Easter Break

After a brief respite around the month and quarter end, the US dollar is poised to close another week lower. Global investors are selling the greenback once again this Thursday, one day ahead of the US March non-farm payrolls report and the long Easter holiday weekend. On Wednesday, more doubt was cast over sustainable US [&hellip

READ MORE 

No Image

Aud/usd Resumes Its Bear Trend

AUD/USD has resumed its long term downtrend, making new bear market lows overnight. 
However, evidence continues to indicate a very late stage decline where new lows should prove relatively limited. 
Specifically, weakness should be li…

READ MORE 

No Image

Currency Snapshot (commodity Pairs)

Dollar index trading at 97.52 (-0.60%).
Strength meter (today so far) – Aussie -0.17%, Kiwi +0.92%, Loonie +31%.
Strength meter (since last week) – Aussie -2.11%, Kiwi -0.79%, Loonie +0.34%.
AUD/USD –
Trading at 0.758
Trend meter –

Long term – Sell, …

READ MORE