EUR/USD declines ahead of the ECB release.
Gold has bounced from the previously broken symmetrical triangle, which doubles as a pennent this week.
European indices are trading in the green today, supported by oil and commodity shares.
After rising by 6% on Monday, both Brent and WTI retreated.
Most traders claim to have a very long term memory and would remember their first trade, their largest winning trade and their largest losing trade.
Oil prices are confidently heading to the $40 level.
According to the COT CFTC reports, market operators have abruptly shrunk their short buy orders.
Read our breakdown of the most important economic events to look out for in the following week.
As the rivalry on the energy market toughens and it becomes harder to defend the market share.
The US Dollar turned to a defensive stance on Thursday against its major international peers.
We are waiting for the rates of the offshore Yuan (CHN) to reach our target levels.
Oil had a rocky session on Wednesday, despite strong bearish signals from the Energy Information Agency.
The USD bulls have strong grounds to stand by their bets, and Tuesday’s Manufacturing ISM data proved they are on the right track.
I have never come across a successful directional or short term trader, who traded without any stops.
Discouraging manufacturing data from China pulls down the energy market.