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Session Data for Wed Oct 15 (GMT-5:00 ET)

USD/CAD breaks above 1.13 by Milan Cutkovic

The Loonie dropepd sharply as Oil prices have collapsed and remains offered across the board as we are heading into the NY close. USD/CAD broke above 1.13 without meeting much resistance on the way there. The charts suggest no serious resistance area until 1.17, but it is unlikely that we’ll see a sharp rally towards that […]

Crude Oil collapses; down almost 5 % by Milan Cutkovic

Crude Oil prices have tanked today with the WTI contract down almost 5 % on the day. The heavy selling started around 17:45 GMT and price fell from $83.60 to $81.30 within less than an hour. There has been a lot of position covering in Oil on global growth worries and an Oil glut caused […]

US think tank says Fed not too concerned with Dollar strength by Milan Cutkovic

The US-based and well respected think tank Medley put out a report saying that the Fed is very likely to keep the “considerable time” phrase in the October statement. Furthermore, they think that the central bank is not as concerned about the USD strength as the market thinks it is. The post US think tank […]

USDX & conflicting signals: trend lines might help! by Mary McNamara

I noted earlier today how the USD index could be viewed as setting up within a potential bearish H&S pattern on the 4hr chart. This is still a possibility but a re-think of overall trend lines here shows that price action could also be forming up into another ‘Bull Flag’. USDX 4hr: the possible bearish H&S […]

Updates from the FXWW Chatroom

GS: G10 FX SPOT TRADER VIEWS POSITIONING => We added to our EURUSD short position and we entered a new small short in USDJPY. Short EURUSD => We added overnight on the spikes at 1.2720 and 1.2750. We think the pair will stay rangy for the time being with support at 1.2670/80 then 1.2650. S/L […]

FX Flows from the FXWW Chatroom

Usd is a mixed bag versus  the G10. As Asia walked in Usd picked up buyers – Euro, Aud, Nzd, Aud slipped.In Euro, I was told a North European bank bought good amount of Euros above 1.2760 for real money but ran into ample supply. As the market drifted lower, confirmations from other banks that offers […]

A/U: levels to watch by Mary McNamara

The analysis for the Aussie unfolds much the same way as for the E/U and Kiwi: a bullish start to the week following a bullish weekly candle but a ‘Bear Flag’ pattern still looming large and as a potential Cloud on the horizon. A/U weekly: a classic bullish-reversal ‘Inverted Hammer’ candle formed up here at […]

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