Weekly Forex Market Update & Key Levels April 18th – 22nd

WEEKLY FOREX UPDATE

WTI – Oil Inventory hits FRESH RECORD HIGH. Analysts expected a drop in inventory, but instead supply jumped by more than six million barrels to 536.5 million barrels. When investors realize that all this talk about production cuts are not happening, look for oil prices to drop back into the $30s. EURUSD – Italy Creates…

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Weekly Forex Market Update & Key Levels April 11th – 15th

WEEKLY FOREX UPDATE

EURUSD – The Latest Fed Meeting Indicate that no Rate Hike will happen in April. The sentiment wasn’t unanimous among other Fed officials, but the majority of members signaled reluctance to raise rates when there is much economic uncertainty in the markets. When the Fed discusses global risks, it’s not just about economic activity, but…

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Weekly Forex Market Update & Key Levels April 4th – 8th

WEEKLY FOREX UPDATE

EURUSD – The Euro made a nice run up to the as anticipated 1.1480 level from last weeks market commentary. We could see some some strong selling pressures at these levels from support and resistance traders. I will also be eyeing this level for any good entries to go short. I love shorting the Euro!…

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