Yesterday I highlighted $42.70-43.20 as being a key area that may offer some important insight into sentiment at a level that was well supported over the last couple of months (WTI Crude – Will the September Floor Hold Again). As we approached the ...

WTI has been in a downward spiral over the last two and a half weeks and is now approaching a key level of support which should give us some important insight into market sentiment at these lower levels. Throughout September, $42.70-43.20 was a ...

The European Central Bank will meet in Malta today and is expected to leave monetary policy unchanged for another month despite inflation falling back into negative territory and growth remaining subdued. Given that we’re almost a year on from its ...

WTI has been in consolidation over the last couple of days after failing to close below the ascending trend line on Thursday, despite initially breaking through in what turned out to be a fakeout. A failure to rally strongly off the back of this ...

It’s been a mixed week for AUDUSD which started with the pair breaking through the neckline of the double bottom and looking much more bullish, before breaking back below it again on weak Chinese trade data and speculation that the Reserve Bank of ...

Gold may be experiencing some consolidation today on the back of some mixed data from the US – better inflation and jobless claims figures but worse manufacturing surveys from Empire State and Philly Fed – but following yesterday’s break to new ...

Europe is expected to open on a more positive note on Thursday following a positive session in Asia overnight, where investors were boosted by rising expectations that the Federal Reserve won’t raise interest rates this year. Yesterday’s retail ...

On Monday I suggested that we could see a break of the long-term descending channel following a strong rally last week and break of the double bottom neckline (AUSUSD – Double Bottom Sparks Possible Correction). Since then, we’ve had another batch ...

WTI has sold off heavily at the start of the week just as it appeared to be gathering some bullish momentum. It appears, however, that Friday’s late retracement was in fact a sign that the bears are once again regaining control and further losses ...

The sell-off in the Australian dollar against its US counterpart has been going on for some time now and over the last 12 months in particular, it has been declining at a fairly steady rate. The descending channel that has formed in this time may be ...

Earlier this week I highlighted $48.80-49.20 as a key resistance level for WTI (WTI Crude – New Trading Range Being Established?) with it having been so the last two times it traded at this level. Despite it finding resistance again on Tuesday and ...

U.S. indices are expected to open in the red again on Thursday, reflecting the ongoing downbeat mood in the markets that has been apparent since the FOMC meeting last week. Janet Yellen, Federal Reserve Chair, is due to speak later on today on ...

We’re expecting a mixed start to the European session on Tuesday as traders eye the latest U.K. public finances data and speeches from members of the Federal Reserve and Bank of England. U.K. public sector net borrowing in August is expected to ...

Uncertainty remains in the market as we head into the end of the week after the Fed once again put off the decision to raise interest rates in the hope that it becomes more straight forward in the months ahead. Stubbornly low inflation has long been ...

Today’s FOMC announcement is arguably the biggest in years and despite months of data, opinions and debates, we appear no clearer on whether the Fed will actually raise interest rates or not. It’s been almost a decade since the Fed last raised ...

A strong U.K. jobs report and weaker than expected U.S. inflation data has given cable another strong leg higher on Wednesday, sending it to a three week high and putting real pressure on a key resistance area for the pair. The pair has since broken ...

It’s going to be a very interesting week in the financial markets in which we could see the return of the volatility of recent weeks as the Federal Reserve is tasked with making one of the hardest policy decisions for many years. For anyone doubting ...

Risk aversion is the order of the day in the financial markets as investors eye the US jobs report as a big risk event given what the outcome could mean for interest rate expectations this month. The topic of interest rates is likely to be hotly ...

WTI saw some strength towards the end of last week and the opening day of this on the back of a larger than expected drop in inventories and an apparent hint from OPEC that it may be willing to consider production cuts. That has been offset over the ...

As we head into the weekend, there’ll be a lot of attention on Jackson Hole, with numerous policy makers speaking ahead of what is likely to be a massive few months for central banks. Almost every central bank is likely to be active in the next 12 ...