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Crude Oil: The 4 hour trend is short. Oil continues the selling seen in the previous sessions around $74. It is heading for a test of the daily chart support at 72.50 it would seem. The long speculative interest in crude oil trade banked profit recently and in doing so…

Dollar Index: The 4 hour trend is long. The index was unable to move too far in the last two sessions, even though the fundamental picture looked to be perfectly aligned for further global market weakness, and by default Usd strength. Traders are seeing the near-term unwinding of the high…

Euro: The 4-hour trend is short, pointing to continued Eur/Usd weakness. The euro gained a few pips in recent trade, but this uptrend still has to prove itself. A break above the 1.4250 area would favor long Eur/Usd plays, but the road is lengthy until there. Until then, favor selling…

Aussie: The 4-hour trend is neutral. The Aud/Usd gained approximately 40 pips overnight, held higher by the 100-day moving average. If commodities and equities stay in the green, the aussie could test the 0.9110 area, and the 20 and the 50-day moving averages. Favor a straddle.

The USD is trading lower as equity markets rebound and the White House says it expects Fed Chairman Bernanke to be confirmed for second term, surveys in US press suggest that Bernanke will have enough Senate votes to be reconfirmed for a second term as Fed chairman, the Bernanke news…

A fresh look at the world of finance after a weekend of reflection has apparently inspired investors to cast off much of the bearishness that left Wall Street in tatters at the close of last week. The buck has been passed across the global time zones and arrives a little…

We retain our downside bias on the pair despite its current back off lower prices in early trading today. While price action remains below the 1.6234/39 levels, its Dec 31?09/Jan 04?10 highs, we see risk of further weakness targeting the 1.5892 level, its Jan 07?10 low at first with a…

While AUDUSD may be strengthening failing to follow though lower on its past week declines during the London session today, as long as such strength is limited to its key resistance at the 0.9173 level (Dec 14?09 high), we see further downside threats towards the 0.8936 level, its Jan 04?10…

The world?s leading economy starts the fourth economical week in this year with major fundamentals released whereas the upcoming days will witness data from the housing, manufacturing and labor sector not to mention investor?s eyes will be focusing on the Fed?s rate decision and the statement that will accompany the…

Eur/Usd dropped more than 1000 pips after the 1.5143 top was hit, and did it in a very short period of time. Such a sharp move suggests that a new, temporary Short trend is in process. The market is now searching for the low of in impulse bearish structure in…