EURUSD Forecast June 24, 2014, Technical Analysis
The EURUSD pair went back and forth on Monday, essentially settling nothing as we continue to hang about the 1.3600 level.
ETF
Position Updates – Taking Profits
With the last day of trading for June options we wanted to provide an update on how we are handling the June contracts in the portfolio. We done well with over $2,500 in premium profit on a market with little volatility.
Premier: No Hard Landing for China
There will be no hard landing for China’s (FXI, quote) economy, Premier Li Keqiang said yesterday. It will continue to grow at a medium to high pace in the long term.
EURUSD Forecast June 19, 2014, Technical Analysis
The EURUSD pair rose during the course of the session on Wednesday, but stays within the consolidation area that we’ve seen for some time.
Commodities (oil) reflect the global tensions
In any escalation of political tension oil and gold are the two key commodities to watch. For oil the breakout and surge higher was largely driven by events in Iraq coupled with supply issues at Cushing, both of which combined to help power the WTI crude oil (USO, quote) contract up to the $107 per barrel price point as evidenced by last Thursday’s wide spread up candle.
EURUSD Forecast June 17, 2014, Technical Analysis
The EURUSD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the market is probably going to continue to consolidate overall.
Equity markets pause along with the VIX
Whilst the ongoing conflicts in both the Ukraine and Iraq are beginning to impact world markets, yesterday’s price action was less severe than expected. In other words, the price action was more of a pause than a major sell off.
AUDUSD Daily Analysis – June 16, 2014
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend.
EURUSD Forecast June 13, 2014, Technical Analysis
The EURUSD pair initially fell during the course of the session on Thursday, testing the 1.35 level again.
Chinese are drinking more coffee
A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.