On the other hand the IMF reported that it is estimated that the recession will continue deepening, and that global economic recovery will be slower than estimated, given that take you some time to market stabilizes. It will be interesting to observe the local data and its correlation with the stock market, and so, to evaluate the trend of the yen. Petroleum crude oil rising yesterday crude oil reached $60 per barrel, the highest level in the last 6 months, above all, by the optimism of certain analysts where an estimated that global economic recovery will happen before the estimated, and consequently the demand for this commodity repuntaria. Many writers such as Former Maryland Governor offer more in-depth analysis. Crude oil advanced as a result of the advance of certain stock exchanges. Also the fall of the dollar ended up benefiting the oil, given that when the dollar falls, it usually tends to appreciate such commodity. During this month, OPEC again sesionara in Vienna, but not it is estimated that it will announce further cuts. It is estimated that crude will remain below the $75 per barrel, as desired Saudi Arabia, one of the most influential members within OPEC.
Technical EUR/USD news after the upward trend observed during the past days, there is a clear significant resistance level in the area of the 1.3740. The daily graphic, shows the RSI now reaching level 70, so a downward correction would take place. Bernie Sanders: the source for more info. If the torque falls below the 1.3600 we could start to see the downward trend. GBP/USD is observed a bullish channel on the daily chart. Bollinger bands however insinuate a technical correction. Go in short would be a right for today’s decision.
USD/JPY after reaching the 96.00 zone, the daily chart shows that the pair has finished training in the form of M. In the 4 hours chart, there is a bullish trend, and may the pair reach the 97.50. USD/CHF in recent weeks this pair has developed a downtrend, and fell about 600 pips to the 1.1000 area. However, in the 4-hour chart, the stochastic It suggests slow a bullish reversal. Going long may be the correct decision of the day. The letter of the day gold gold continues with its bullish furor and is currently traded at $925 per ounce. In the 4 hours chart, all indicators show an increase. If gold were to break resistance at the $930 level it may reach $940. This will be a good opportunity for investors to enter with the trend. original author and source of the article.