Despite all the attention commanded by the US dollar, its Canadian counterpart remains the strongest performing currency since the start of the month and the beginning of the quarter. Negotiations to save the North American Free Trade Agreement (NAFTA) have reached an impasse with no meetings scheduled among the top leaders ahead of month-end. Y...

2018-05-17 Ashraf Laidi Read more
Patterns at decisive levels

The charts are showing, from a technical analysis standpoint with patterns at decisive levels, that the Dollar Index (DXY) could be heading towards significant levels. USD has been enjoying an impressive bullish rally for an entire month, a swing which was mentioned and explained in the “Is The USD Getting Stronger?” article. Is it time for ...

2018-05-17 Richard Tataru Read more
Oil prices rise on US withdrawal from Iran

Crude oil prices rallied last week to hit a three and a half year high after the U.S. President Donald Trump announced that Washington was pulling out of the 2015 Iran nuclear deal on Tuesday. Speaking at a brief press conference, Trump said that the U.S. administration will also be imposing more strict economic sanctions on the country. It g...

2018-05-16 John Benjamin Read more
Gold-USD Relationship

As the US dollar rally enters its 4th consecutive week – the longest series of uninterrupted advances since September – the following question needs to be asked? Can the strengthening of the USD continue without any technical breakdown in gold? Or is gold’s stabilisation a red flag for USD bulls? Lets look into the Gold-USD relationship. Here...

2018-05-09 Ashraf Laidi Read more
Fresh Sanctions on Iran

2015 Nuclear Deal Voided In line with broad market expectations, President Trump ripped up the Iran nuclear pact agreement this week. Announcing the US’s withdrawal from the 2015 nuclear deal agreed with Iran, Washington yesterday announced that it will restore sanctions on Iran which had been in place prior to the deal. In terms of its impa...

2018-05-09 James Harte Read more

Crude oil prices showed no signs of losing momentum as price of the international Brent crude oil hit highs of $75 a barrel. The gains, which mark the highest high in nearly three and a half years, came about after mounting concerns that the U.S. administration could hit Iran with sanctions. Reports suggest that the U.S. administration will d...

2018-05-03 John Benjamin Read more
Reversal Patterns pointing towards Big Swings

According to the current Cycle and Elliott Wave Counts, the Market could be positioned for a shift with reversal patterns pointing towards big swings. Technically, this would translate into dominant trends possibly finalizing the current corrections and continuing towards the completion of their cycles, but after that, probably reversing, wit...

2018-05-09 Richard Tataru Read more
WTI Crude Oil Rises due to Bullish Saudi Price Target

Crude oil prices were in for a bumpy ride last week, as surprising comments from Saudi Arabia helped to keep the bullish momentum going. Oil prices were already surging strongly earlier in the week following tensions surrounding Syria and the attempted missile strikes against Riyadh. While the markets at large brushed aside the weekend airstr...

2018-04-24 John Benjamin Read more
Q2 Seasonals

March was a roller-coaster month for the markets. Sentiment and themes flipped repeatedly, especially with flows dominating the final days of the month as the end of quarter loomed. The British pound was the top performer of the month, while the Swiss franc and Australian dollar lagged. In the quarter, the Japanese yen led the way, while the ...

2018-05-09 Ashraf Laidi Read more