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API estimates and lower inventories from EIA (-1.35 million barrels vs consensus: 2.16 million) for the week ending in 3...
After extending gains on hope that the RBNZ would adopt a more positive on the inflation outlook, the Kiwi fell sharply on Thursday morning and reached its lowest level in more than two years (lowest since March 2016). After climbing as high as $0.6762 yesterday, NZD/USD slid 1...
After in July, the prices for WTI oil reached the next annual maximum near the mark of 73.85 dollars per barrel, later prices fell sharply. As a result of a sharp decline on Wednesday, the price reached the first important support level of 65.87 (EMA144 on the daily chart...
Pivot (invalidation): 6430 Our preference Short positions below 6430 with targets at 6100 & 5800 in extension. Alternative scenario Above 6430 look for further upside with 6630 & 6840 as targets...
Pivot (invalidation): 66.30 Our preference Long positions above 66.30 with targets at 67.45 & 68.00 in extension. Alternative scenario Below 66.30 look for further downside with 65.75 & 65.35 as targets...
Pivot (invalidation): 15.3500 Our preference Long positions above 15.3500 with targets at 15.4800 & 15.5300 in extension. Alternative scenario Below 15.3500 look for further downside with 15.3000 & 15.2500 as targets...
Pivot (invalidation): 1215.50 Our preference Short positions below 1215.50 with targets at 1210.50 & 1208.00 in extension. Alternative scenario Above 1215.50 look for further upside with 1218.00 & 1220.00 as targets...
Pivot (invalidation): 1.1540 Our preference Short positions below 1.1540 with targets at 1.1520 & 1.1505 in extension. Alternative scenario Above 1.1540 look for further upside with 1.1555 & 1.1570 as targets...
Pivot (invalidation): 0.9000 Our preference Long positions above 0.9000 with targets at 0.9045 & 0.9065 in extension. Alternative scenario Below 0.9000 look for further downside with 0.8985 & 0.8965 as targets...
Pivot (invalidation): 0.7415 Our preference Long positions above 0.7415 with targets at 0.7465 & 0.7490 in extension. Alternative scenario Below 0.7415 look for further downside with 0.7400 & 0.7380 as targets...
Pivot (invalidation): 1.3030 Our preference Short positions below 1.3030 with targets at 1.3000 & 1.2975 in extension. Alternative scenario Above 1.3030 look for further upside with 1.3075 & 1.3095 as targets...
Pivot (invalidation): 0.9945 Our preference Short positions below 0.9945 with targets at 0.9915 & 0.9900 in extension. Alternative scenario Above 0.9945 look for further upside with 0.9970 & 0.9985 as targets...
Pivot (invalidation): 0.9945 Our preference Short positions below 0.9945 with targets at 0.9915 & 0.9900 in extension. Alternative scenario Above 0.9945 look for further upside with 0.9970 & 0.9985 as targets...
Pivot (invalidation): 111.00 Our preference Short positions below 111.00 with targets at 110.70 & 110.45 in extension. Alternative scenario Above 111.00 look for further upside with 111.20 & 111.45 as targets...
Pivot (invalidation): 1.2900 Our preference Short positions below 1.2900 with targets at 1.2850 & 1.2820 in extension. Alternative scenario Above 1.2900 look for further upside with 1.2960 & 1.2990 as targets...
Pivot (invalidation): 1.1590 Our preference Long positions above 1.1590 with targets at 1.1630 & 1.1655 in extension. Alternative scenario Below 1.1590 look for further downside with 1.1570 & 1.1550 as targets...
GOLD: The commodity continues to hold on to its downside pressure as it looks to extend its weakness. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level...
US sanctions on Iranian exporting goods have pushed oil prices higher since the beginning of the week...
If there is a “trade war” no one told China importers/exporters. China’s exports growth unexpectedly rose above expectations despite U.S tariffs and heavy media rotation of protectionist rhetoric. Imports also accelerated indicating solid domestic demand...
