IronFX 24/05: CRUDE Oil drop is likely to continue
The 2-day drop in WTI was somehow paused yesterday as it found strong support and bounced at $92.20,its bottom Bollinger bands level and previous low. Nevertheless these gains w...
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IronFX 24/05: GOLD breakout should see a retest of the$1430
Gold was able to gain yesterday as it continues to trade within the $1350-$1400 range. At the point of writing gold is very close to $1400 resistance level, which upon breakout ...
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IronFX 24/05: USD/JPY resistance at 103
USD/JPY collapsed 280 pips yesterday after finding resistance at 103.80 and failing to break above the 104.00 level. The drop found strong support at 100.80, a previous high, ne...
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IronFX 24/05: EUR/USD resistance at 1.2980
EUR/USD reached higher after bouncing from the 1.2855 rising trendline support. Resistance is to be found at 1.2980, the 20 day moving average, followed by a strong support at 1...
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Bernanke: "I don’t want to make someone else’s mistakes”
Risk aversion – the “on-off” trade – remains the key theme. However now “risk on” means “buy USD,” and the switch between risk se...
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