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As the American Petroleum Institute (API) reported late Tuesday, oil and oil products stocks fell 8.636 million barrels last week. On the eve of oil prices have been growing on reports of riots in Libya and in connection with the hurricane Florence approaching to the US...
Canadian dollar bulls are celebrating. Renewed optimism on NAFTA has pushed USD/CAD lower, as US-Canada trade talks resumed yesterday. Both US President Trump and Canadian Foreign Minister Chrystia Freeland confirmed that negotiations are on track, with both ready to make concessions...
On Tuesday, the Australian dollar has slid to its lowest level since February 2016, reaching 0.7085 against the greenback. Even though the intensifying U.S.-China trade conflict has been weighting significantly on the Aussie, it is not the only factor...
Pivot (invalidation): 69.20 Our preference Long positions above 69.20 with targets at 70.15 & 70.80 in extension. Alternative scenario Below 69.20 look for further downside with 68.50 & 67.90 as targets...
Pivot (invalidation): 14.1600 Our preference Short positions below 14.1600 with targets at 14.0500 & 13.9900 in extension. Alternative scenario Above 14.1600 look for further upside with 14.2300 & 14.3000 as targets...
Pivot (invalidation): 1197.25 Our preference Short positions below 1197.25 with targets at 1192.50 & 1190.00 in extension. Alternative scenario Above 1197.25 look for further upside with 1200.00 & 1202.00 as targets...
Pivot (invalidation): 2875.00 Our preference Long positions above 2875.00 with targets at 2898.00 & 2911.00 in extension. Alternative scenario Below 2875.00 look for further downside with 2866.00 & 2854.00 as targets...
Pivot (invalidation): 11880.00 Our preference Long positions above 11880.00 with targets at 12040.00 & 12095.00 in extension. Alternative scenario Below 11880.00 look for further downside with 11800.00 & 11720.00 as targets...
Pivot (invalidation): 6.4600 Our preference Short positions below 6.4600 with targets at 6.3940 & 6.3700 in extension. Alternative scenario Above 6.4600 look for further upside with 6.4900 & 6.5400 as targets...
Pivot (invalidation): 0.7120 Our preference Short positions below 0.7120 with targets at 0.7085 & 0.7065 in extension. Alternative scenario Above 0.7120 look for further upside with 0.7135 & 0.7150 as targets...
Pivot (invalidation): 1.3105 Our preference Short positions below 1.3105 with targets at 1.3035 & 1.3000 in extension. Alternative scenario Above 1.3105 look for further upside with 1.3130 & 1.3150 as targets...
Pivot (invalidation): 0.9745 Our preference Short positions below 0.9745 with targets at 0.9725 & 0.9715 in extension. Alternative scenario Above 0.9745 look for further upside with 0.9760 & 0.9780 as targets...
Pivot (invalidation): 111.40 Our preference Long positions above 111.40 with targets at 111.65 & 111.75 in extension. Alternative scenario Below 111.40 look for further downside with 111.25 & 111.05 as targets...
Pivot (invalidation): 1.2980 Our preference Long positions above 1.2980 with targets at 1.3045 & 1.3085 in extension. Alternative scenario Below 1.2980 look for further downside with 1.2945 & 1.2900 as targets...
Pivot (invalidation): 1.1575 Our preference Long positions above 1.1575 with targets at 1.1605 & 1.1620 in extension. Alternative scenario Below 1.1575 look for further downside with 1.1555 & 1.1525 as targets...
GBPUSD: The pair backed off higher prices after failing to follow through on the back of its Monday gain on Tuesday. This development has turned the immediate risk lower. On the downside, support lies at the 1.2850 level where a break will turn attention to the 1.2800 level...
Brexit continues to grab attention: still unsolved are the customs union and the Irish border. A pound rally remains driven by talk, thus driving currency volatility higher...
After falling to a 13-month last Friday, EUR/CHF rose 1% yesterday and continued to grind higher this morning amid improving risk sentiment. Indeed, risk aversion has decreased substantially lately amid positive development in the UK...
