Daily Forex Trading News from Valutrades

Market Recap: 6 - 10 July

on July 13, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week continuing to apply pressure to resistance around $43. In the week prior UK Oil made another solid run towards a three month high above $43 having previously fallen away from the three month high reached two weeks earlier and again two weeks before that. Throughout May, UK Oil slowly but surely moved higher to that three month high, before falling sharply, and then making repeated attempts to push passed the current resistance around $43.

Market Recap: 22 - 26 June

on June 29, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week easing lower from a three month high at resistance around $43. In the previous week, UK Oil made another solid run towards that three month high above $43 having previously fallen away from the three month high reached three weeks ago. In the last month or so, UK Oil has slowly but surely moved higher to that three month high, although it has run into a wall of resistance in the last three weeks. Its recent surge higher is a vastly different picture to mid-April, as UK Oil sank to its lowest level in many years below $20.

UK Oil - Moves Towards Three Month High Above $43 as Lockdowns Eases

on June 23, 2020 | By Stuart McPhee | UKOil

In the last week or so UK Oil has made another solid run towards a three month high above $43 having previously fallen away from the three month high reached two weeks ago. In the last month or so, UK Oil has slowly but surely moved higher to that three month high, before falling sharply. Its recent surge higher is a vastly different picture to mid-April, as UK Oil sank to its lowest level in many years below $20. Interestingly UK Oil is close to closing the significant gap down in early March, by returning to above $45. In early May, UK Oil settled right around the key $30 level after rallying well off the multi-year lows below $16, and it also consolidated well several weeks ago around $35.

New COVID-19 Cases Affect Markets. Brexit Back in Focus.

on June 15, 2020 | By Brad Alexander | USDCHF, USDCAD, DE30, UKOil, Brexit, EURGBP, JP225, Brent Crude, DAX, Nikkei, Market Blast, COVID-19

Welcome to this week’s Market Blast Fundamentals where we will look at USDCHF, EURGBP, the Nikkei, the DAX, USDCAD, and Brent Crude (UK Oil).

Market Recap: 8 - 12 June

on June 15, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week easing lower from a three month high above $43 achieved earlier in the week. It had enjoyed a solid month or so moving from its lowest level in many years below $20. Interestingly UK Oil is close to closing the significant gap down in early March, by returning to above $45. Several weeks ago, UK Oil settled right around the key $30 level after rallying well off the multi-year lows below $16, and it also consolidated well two weeks ago around $35. The $35 level may be called upon to provide some support should UK Oil continue to move lower.

UK Oil - Drops from Three Month High Above $43 as OPEC Extends Cuts

on June 9, 2020 | By Stuart McPhee | UKOil

In the last month or so UK Oil has slowly but surely moved higher to its highest level in more than three months above $43, before falling sharply in the last 24 hours. Its recent surge higher is a vastly different picture to only one month ago, as UK Oil sank to its lowest level in many years below $20. Interestingly UK Oil is close to closing the significant gap down in early March, by returning to above $45. Several weeks ago, UK Oil settled right around the key $30 level after rallying well off the multi-year lows below $16, and it also consolidated well two weeks ago around $35.

Market Recap: 25 - 29 May

on June 1, 2020 | By Stuart McPhee | EURUSD, USDJPY, DJIA, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week edging higher to a two month high above $37. In the last week or so it has consolidated in a narrow range just under $37 having moved well in the last month, which is different to only one month ago. Towards the end of April, as UK Oil sank to its lowest level in many years below $20, many were wondering how low it could go. Three weeks ago UK Oil settled right around the key $30 level after rallying well off the multi-year lows below $16. It has also consolidated well in the last week trading above $35.

UK Oil - Near Two Month High around $36 on U.S. - China Tensions

on May 26, 2020 | By Stuart McPhee | UKOil

In the last few weeks UK Oil has slowly but surely moved higher to its highest level in more than two months near $37, which is a very different picture to only one month ago. Late last month as UK Oil sank to its lowest level in many years below $20, many were wondering how low it could go. Two weeks ago UK Oil settled right around the key $30 level after rallying well off the multi-year lows below $16. It has also consolidated well in the last week trading above $35. After a significant gap down from $45 to $35 in early March, it initially received solid support from another key level of $25 which had supported it well for several weeks, which was so desperately needed, so it was telling when its largest fall was breaking through this level several weeks ago.

Crude Oil with Reduced Contango. GBP lower on Brexit.

on May 25, 2020 | By Brad Alexander | GBPUSD, UKOil, HK50, USOil, WTI, Fundamental Analysis, Hang Seng, Brent Crude, USDCNH, Market Blast, China A50

Welcome to this week’s Market Blast Fundamentals where we will look at GBPUSD, USDCNH, the Hang Seng (HK50), Brent Crude (UK Oil), and WTI (US Oil).

Crude Oil Contract Expiry. BREXIT Returns.

on May 18, 2020 | By Brad Alexander | DJIA, GBPUSD, XAUUSD, UKOil, US30, Gold, USOil, Fundamental Analysis, Market Blast, Dow Jones

Welcome to this week’s Market Blast Fundamentals where we will look at the GBPUSD, Gold (XAUUSD) DJI (US30), US Oil and UK Oil.

Market Recap: 6 - 10 July

Market Recap: 22 - 26 June

UK Oil - Moves Towards Three Month High Above $43 as Lockdowns Eases

New COVID-19 Cases Affect Markets. Brexit Back in Focus.

Market Recap: 8 - 12 June

UK Oil - Drops from Three Month High Above $43 as OPEC Extends Cuts

Market Recap: 25 - 29 May

UK Oil - Near Two Month High around $36 on U.S. - China Tensions

Crude Oil with Reduced Contango. GBP lower on Brexit.

Crude Oil Contract Expiry. BREXIT Returns.

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