0.0 00 Price for oil contracts moved lower during Asian trade hours over renewed investor concern regarding oversupply, thanks to Libyan output. There is also lower investment in the oil industry. As of 1:00 am GMT …
Read More »The Australian Dollar struggles to build upside Momentum
0.0 00 The Australian dollar Forex market, specifically the AUD/USD, has struggled to find upside momentum. The Australian dollar is trying to continue to upside momentum from the trend support set from May and June price …
Read More »The Japanese Yen ignores Manufacturing Data
0.0 00 This morning, during Asian trade hours, Japanese yen (USD/JPY) traders were treated to economic data out of the world’s third largest economy. Japan released its manufacturing purchasing managers’ index (PMI) this morning. Despite coming in …
Read More »As the Market Supply Tightens Oil edges Higher
0.0 00 The price of crude oil futures contracts have edged higher as there are signs that global supply could be tightening. Especially in the United States. As of 12:30 am GMT time, Brent crude futures, the …
Read More »Gold Prices slip as the US Dollar Steadies
0.0 00 The price of gold contracts slipped this morning as the US dollar steadied. Investors are eyeing geopolitical tensions and are remaining cautious before the economic summit at Jackson Hole later this week. As of …
Read More »The Euro Gains some Steam against the US Dollar
0.0 00 Looking at the EUR/USD Forex market and its technical positioning for Tuesday, signs are signaling that the uptrend for the euro from its recent lows back in April might be back in play. This …
Read More »Oil Prices Steady despite Tightening Supply
0.0 00 Crude oil trading was relatively subdued this morning as oil contract prices held onto Friday’s gains. There are rising US output weighing on hopes that the market will tighten. This comes after a 13 …
Read More »The Euro looks weak against the Sterling Pound
0.0 00 The euro looks to carve out a possible top against the Sterling Pound (GBP), near 0.90. There are signs of a negative RSI divergence. This indicates a possible ebbing of upward momentum. However, there …
Read More »Mixed Credit Card Data Stabilizes the Kiwi Dollar this Morning
0.0 00 The Kiwi, or New Zealand Dollar (NZD/USD) showed signs of forming a top this morning. The US dollar has been generally weak the past several week, but this morning the Kiwi dollar traders saw …
Read More »Despite tightening Supply Oil Moves lower this Morning
0.0 00 Oil futures contract prices moved lower this morning as part of a broad based selloff throughout the Asian region. There are signs that supply is tightening but the terror attack in Barcelona and ongoing …
Read More »