Welcome to this week’s Market Blast Technicals where we will look at EURGBP, Gold (XAUUSD), USDJPY, and USDCNH.
Read MoreGold Moving Higher.
on March 24, 2020
| By Brad Alexander
|
EURUSD,
AUDUSD,
USDJPY,
XAUUSD,
Market Blast Videos,
Gold,
USOil,
WTI,
Technical Analysis
Welcome to this week’s Market Blast Technicals where we will look at Gold (XAUUSD), US Oil (WTI), USDJPY, EURUSD, and AUDUSD.
Gold Sell-Off Continuing? CAD Weaker on WTI at $30
on March 17, 2020
| By Brad Alexander
|
USDJPY,
USDCHF,
XAUUSD,
USDCAD,
Gold,
USOil,
WTI,
Technical Analysis,
Crude Oil,
Fibonacci,
USDCNH,
Market Blast,
Renminbi
Welcome to this week’s Market Blast Technicals where we will look at USDJPY, USDCHF, US Oil (WTI), USDCAD, USDCNH, and Gold (XAUUSD).
Indices Regaining Lost Ground. WTI Consolidating.
on March 10, 2020
| By Brad Alexander
|
USDJPY,
USDCAD,
Market Blast Videos,
UKOil,
USOil,
WTI,
Technical Analysis,
S&P 500,
Brent Crude,
US500,
EURCAD,
USDCNH,
Renminbi
Welcome to this week’s Market Blast Technicals where we will look at USDCNH, USDCAD US Oil (WTI), UK Oil (Brent Crude), USDJPY, the S&P 500, and EURCAD.
On Tuesday last week we covered UK Oil which spent the remainder of the week falling sharply to a near three year low near $45. It started last week rallying higher from a multi-year low below $49 back up to above $52, however it reversed sharply and headed lower. Three weeks ago UK Oil had done well to rally back up into the range above $58 however it then fell even stronger over the week down to a 2 ½ year low.
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In the last two weeks the USDJPY has dropped sharply to its lowest level in six months smashing through 109 on its way down to just below 106. In doing so, the volatility has exploded to double to what it was previously. This represents a complete turnaround, as it had just spent two days surging higher to its highest levels in 10 months above 112, after having traded around the key 109 level for an extended period.
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Coronavirus Affecting WTI & USDCAD. Gold Climbing on Uncertainty.
on February 24, 2020
| By Brad Alexander
|
USDJPY,
USDCHF,
XAUUSD,
USDCAD,
Gold,
USOil,
WTI,
Fundamental Analysis,
Economic Calendar,
USDCNH,
Coronavirus,
Market Blast
Welcome to this week’s Market Blast Fundamentals where we will look at USDCHF, USDJPY, USDCNH, Gold (XAUUSD), USDCAD and US Oil (WTI).
On Tuesday last week we covered UK Oil which spent the remainder of the week returning to back above the key $58 level. In the last two weeks UK Oil has done well to rally strongly from a one year low near $53 back up towards the key $58 level and back into the range. This is a welcome sight as for the last month, UK Oil collapsed from multi-month highs above $70 down to its lowest level in one year as it was struggling to receive any support from anywhere. This was accompanied by a significant increase in volatility.
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USDJPY - Surges to 10 Month High Above 112 as BOJ Raises Growth Forecast
on February 21, 2020
| By Stuart McPhee
|
USDJPY
In the last two days the USDJPY has surged higher to its highest levels in 10 months above 112, after having traded around the key 109 level for an extended period of time. In the last two months it had reached a seven month high above 110 after surging higher from a three month low below 108 in January. Up until the last three days, the last few months saw the USDJPY trade in a wide range right around the 109 level, not showing any signs of moving too far away from it.
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On Tuesday last week we covered UK Oil which spent the remainder of the week consolidating in a range roughly between $54 and $56. The last few weeks has seen UK Oil collapse from multi-month highs down to its lowest level in more than twelve months below $54 as it is struggling to receive any support from anywhere. This has been accompanied by a significant increase in volatility. Several weeks ago UK Oil pushed through the key $68 level to its highest level in seven months above $71 before its strong fall back down below $68 to a one month low.
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