Verdi calls for a strike at Amazon!
The Verdi union has called for a strike at Amazon to finally push through a collective agreement. Also: Simulate different price development scenarios for an open-end knock-out product with the…
WTI Crude Oil Forecast: Market Turns Around Mid-Day
The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again. That being said, we have turned around to show signs of life, perhaps due…
Goldman Sachs latest update is to forecast oil to $130 by year end
Goldman Sachs view of much higher prices is based on: demand exceeding what is currently expected supply staying low, inventories falling and markets not positioned for a rising priceThe only…
USD/BRL: Challenge of Support could Test June Price Action
The USD/BRL fell to fresh lows on Monday and then demonstrated rather consolidated price action as important support levels came into sight. When the USD/BRL opens today it could potentially…
China – not yet at the stage to discuss about how to solve trade issues with Australia
The top representative of China’s Communist Party in Australia, ambassador Xiao Qian was asked about trade issues (China has levied punitive sanction on Australian goods) along with the political imprisonment…
USD/CAD LIKELY TO DROP TO 1.22 IN THE COMING QUARTERS – NFB
The USD/CAD pair will likely decline toward 1.22 in the coming quarters with the oil/loonie correlation turning positive again, point out analysts at National Bank of Canada. They see the…
EUR/USD Technical Analysis: Bearish Stability
At the beginning of last week’s trading, the bulls tried to control the direction of the EUR/USD currency pair, but the pace of gains stopped at the resistance level 1.0293. It…
Trading Support and Resistance – AUD/USD, EUR/USD, GBP/USD
Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of August 8, 2022. This week I will begin…
Weekend data – China’s exports in June beat estimates and grew at their fastest this year
China’s economy continued to recover from lockdowns earlier in the year through July, the best growth in exports will be welcome. Less welcome of course is the miss on imports,…
GBP/USD Forecast: British Pound Continues to Look Lost
The GBP/USD currency pair has been all over the place during the trading session on Thursday, as the Bank of England raised interest rates by 50 basis points. We are sitting just…