Forex Investment and Currency Trading

There had been a correlation between movements in EUR/USD and the price of crude oil, although the dynamics driving that relationship appear to have shifted. Over the last 6-12 months it appears an asymmetric response function among major central banks to movements in oil prices that may have contributed to the correlation between EUR/USD and [...]

[Read more →]

The oil market is trading like it is out of gas and we are bouncing right upon the 40-day moving average, a line which has defined the up trend since early February. As you can see from the chart below, a daily close below the 40-day would be very significant technically and should open up [...]

[Read more →]

The move below the $135.14 area opens up the possibility of a double top forming that could give a much deeper correction with a target of the mid $120’s BUT
The day is young and we may not sustain the break at the close and there is very good support in the $130.80 to $131.50 range [...]

[Read more →]