US Oil stands at 66.94 level and it seems poised to turn to the upside. It’s located right above a major support area, so we’ll have to wait for a fresh bullish signal. WTI moves somehow sideways in the short term trying to accumulate more energy before deciding direction. The US Crude Oil …
USD/CHF Turned To The Downside!
USD/CHF drops right now as the Dollar Index is bearish in the short term. The index has shown some overbought signs. DXY’s drop forces the greenback to decline as well. We have a strong positive correlation between the Dollar Index and USD/CHF. The Switzerland PPI increased by 0.5% versus 0.3% …
EUR/JPY Consolidates Ahead Of A Breakout!
EUR/JPY moves sideways in the short term. The price could explode soon after ending its current narrow range. The pair dropped a little as the Nikkei (JP225) plunged. JP225’s growth could force the Japanese Yen to depreciate again. The Euro-zone Industrial Production is expected to drop by 0.3% …
