oil

Crude oil prices are not getting a respite from the selling. Price action remains heavily in favor of sellers, and the recent rebound was met with renewed declines. Crude oil could likely slip to the 28.00 handle in the near term.… Read More

Euro Supported by the Major Trend Line The common currency broke past the initial, steeper trend line. But it is finding support near the confluence of the major trend line and the horizontal support level. The price level near 1.1100… Read More

Euro Pulls Back at Support Ahead of ECB Meeting EURUSD continues its retreat as price action slipped to the support area. There is also a confluence of the rising trend line, indicating that there is strong support at the 1.1300 region. If… Read More

EURUSD Gains Look to Be Overdone The euro retreats after testing a session high of 1.1354 on Friday, marking a rally to a one-year high. Prices are consolidating near the 1.1300 region at the moment. A close below this level could signal a… Read More

USD Down Ahead of NFP The US dollar has been lower again today, extending the week’s declines as the market continues to digest the Fed’s surprise rate cut earlier in the week. The US dollar has been heavily sold over the week and is now… Read More

The optimism in the markets following the IMF pledging $50 billion in aid to fight the coronavirus outbreak was short-lived. After the state of California declared an emergency, equity markets continued to fall. So far, the sell-off… Read More