Last week's oil stats were the catalyst for the continued sell off in the WTI June contract which saw the oil price fall to $90 per barrel, before bouncing back with strong volumes on Thursday and Friday to close above the $95 per barrel price point.
However, yesterday's price action on the daily chart has now…Continue
Indeed the end of month was disappointing for the June contract which closed at $93.46 per barrel, having opened at $94.42. …Continue
Eurodollar looking positive ahead of FOMC and tomorrow's interest rate decision. 1.32 level is key. A clean break and hold above here will provide a solid platform of support for the pair to re-test 1.33.
The flies in this ointment are, of course, today's FOMC meeting and tomorrow's interest rate decision from…Continue
" Does the Flap of a Butterfly's Wings in Brazil Set Off a Tornado in Texas" comes from Chaos Theory to describe how tiny variations can affect large and complex systems, such as weather patterns. But this could apply equally to the financial markets, as in the last few days gold appears to have suffered to its…Continue