China’s manufacturing still weakening
China’s (FXI, quote) manufacturing activity continued to contract in April, but at a slower pace, according to HSBC’s preliminary purchasing managers’ index (PMI) released on Wednesday.
ETF
Brent Steady As Investors See A Silver Lining In Lackluster Chinese Data
Brent crude oil (BNO, quote) was steady above $109 as investors kept a close eye on the developing situation in Ukraine and breathed a sigh of relief following in-line Chinese data.
AUDUSD Daily Analysis – April 23, 2014
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
AUDUSD Forecast April 22, 2014, Technical Analysis
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
USDJPY Rising Channel Pattern (April 22, 2014)
USDJPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair.
Crude Oil Playbook
WTI Crude Oil (USO, quote) prices moved slightly higher during overnight trading in Asia. Volume remains light as we approach the U.S. first trading of the week with New Zealand and Australia closed for holiday.
EURUSD Daily Analysis – April 21, 2014
EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend.
AUDUSD Daily Analysis – April 21, 2014
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314.
Brent Higher As Diplomacy In Ukraine Looking Less Likely
Brent crude oil (BNO, quote) ticked up on Thursday morning as rising tension in Ukraine increased worries about supply interruptions. The commodity traded at $109.72 at 8:25 GMT as peace talks in Geneva began to look less and less worthwhile.
EURUSD Forecast April 17, 2014, Technical Analysis
The EURUSD pair rose during the session on Wednesday, using the 1.38 level as a springboard. However, we pulled back enough to form a shooting star, and it appears that the market is going to continue to meander in this general sanity.