Month: August 2018

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  EIA cuts forecast for 2018 world oil demand growth by 60K BPD

  Now sees 1.66M BPD The EIA cut their forecast for 2018 world oil demand growth by 60K BPD.  They now seee 1.66M BPD YoY increase.[...]
  2018-08-07 19:29:15

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  AUD/USD levels ahead of the RBA monetary policy decision

  AUD/USD is sitting between the two key hourly moving averages ForexLive Near-term bias remains undefined in such a case as buyers and sellers still battle[...]
  2018-08-07 18:23:13

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  USD/JPY: Range-bound still as hourly wedge narrows

  Lows today were supported by the bottom side of the wedge ForexLive And price now sits between that bottom side mentioned and the 200-hour MA[...]
  2018-08-07 18:23:13

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  EUR/USD shakes off downwards trendline but buyers lack conviction to break higher

  Price continues to hug the 1.1550 level ForexLive In US trading overnight, buyers managed to break above the downwards trendline from last week that has[...]
  2018-08-07 18:23:13

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  EUR/USD: Buyers come alive, 1.1600 eyed now

  EUR/USD touches a session high of 1.1579 as the dollar weakens further ForexLive The dollar continues to slip further across the board as Chinese equities[...]
  2018-08-07 18:23:13

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  USD/CAD: Downside move stalls as sellers encounter near-term support levels

  Session lows touched 1.2972 but price momentum appears to have stalled ForexLive The dollar's weakness is having a bit of a breather at the moment,[...]
  2018-08-07 18:23:13

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  Dollar runs into more offers, extends decline on the session

  AUD/USD and EUR/USD pushes to session highs ForexLive AUD/USD touches a high of 0.7434 on the session as the dollar index now falls by more[...]
  2018-08-07 18:23:13

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  USD/JPY: Sellers look to break free of today's range-trading

  USD/JPY touches a session low of 111.20 currently ForexLive Price has been bouncing between the lower side of the hourly wedge and the 200-hour MA[...]
  2018-08-07 18:23:13

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  Dollar index: A familiar story yet again?

  The dollar index is down by more than 0.2% on the day ForexLive This comes after buyers made an attempt to move above the 95.50[...]
  2018-08-07 18:23:13

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  EUR/USD: Buyers look to seize back some near-term control

  Price now tests the 100-hour moving average ForexLive Buyers are now testing a move to get above the 100-hour MA (red line) and also to[...]
  2018-08-07 18:23:13

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