EUR/USD Outlook: Bulls Hold Grip for Further Gains, Shallow Correction Likely to Precede Fresh Push Higher

Silver marks new higher highs in the year to date Some caution required as former resistance area is nearby Silver bulls roared back during Wednesday’s late European trading hours, with the metal soaring to a more-than-three month high of 25.14 before closing marginally below the 25.00 round level. The completion of a double bottom pattern around the […]

Summary This morning’s CPI report was arguably the most encouraging one the FOMC has received since it began its inflation fight nearly two and a half years ago. Consumer prices declined by 0.1%, led lower by a drop in energy prices and a modest increase in food prices. Excluding food and energy, the core CPI […]

WTI crude attempts to surpass 74.00 Immediate resistance near 200-day SMA Stochastic looks overbought WTI crude oil futures are battling with the 74.00 round number, within a downward sloping channel that has been drawn since September 28. Technically, the MACD is advancing above its trigger line in the negative territory, while the stochastic oscillator is […]