The FOREX & Commodity is a weekly report summarising the activity of the major currencies and commodities. The report also includes a summary and analysis of the prevailing market conditions.
In this week's report, we look ahead to the forthcoming round of interest rate announcements from central banks which should be very interesting after news this week from Germany and the UK. We also update the situation on crude oil after a wild session on Monday of this week, which once again could suggest a major turning point.
In this week's report, we look at the sudden and sharp change in the outlook for monetary policy in the US and the UK, and what it might mean for the Dollar v. Sterling outlook. We also stand back to watch the huge gyrations in the oil markets which can be explained by tweaking the supply and demand figures to get a range of future potential prices.
In this week's report, we look at the outlook for the euro v. dollar again after various conflicting signals from recent economic data in Europe. We also stand back from the somewhat speculative momentum activity in crude oil to present a balanced view on the longer term outlook.
In this week's report, we examine the current outlook for sterling which has been somewhat overlooked as many traders have focused on the euro v. dollar chart. We also stand back to watch what looks like a potential big blow off in the crude markets with arguments available for moves in either direction.
In this week's report, we examine the chart of the dollar against the yen, which has a new and different look after the excitement of last year's big move. Having scored with an excellent short term trade in gold recently, it is now time to revisit this metal with another recommendation for short term traders.