Open trading account 
The AUD/USD is unable to get above the 100 hourly SMA at 0.7635 and the pair is moving into a deeper negative territory, (pressured by the bearish 21-SMA), below the 10-hourly SMA at 0.7584 while the greenback caught a bid on the inline ADP report as a solid prelude for NFP's Friday. Currently, AUD/USD is trading at 0.7569, down -0.53% on the day, having posted a daily high at 0.7636 and low at 0.7567. The pair fell from 0.7633 to 0.7571 on the Aussie GDP Q3 miss which opened speculation that th…
RahmanSL's Blog
Trading the EUR/USD
The above chart should be self explanatory in trading the EUR/USD post the ECB's Draghi plan for QE tapering in Oct 2017
EUR/USD
The EUR/USD will probably stay mid-range for the short term until the French election on 7-May
USD/CAD
Persistent pessimism on OPEC & Non-OPEC members ability to maintain oil cuts to boost crude oil prices will continue through to 2017.
There is even a pre-Christmas lottery ticket buying contracts that will be profitable if oil surges again to $100/bbl. The $100 December 2018 call option -- a contract that gives the right to buy December 2018 futures at $100/bbl -- was the most traded contract on Tuesday 20-Dec-2016 across the whole ICE Brent market, the latest sign of resurgent optimism in oil.
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There is even a pre-Christmas lottery ticket buying contracts that will be profitable if oil surges again to $100/bbl. The $100 December 2018 call option -- a contract that gives the right to buy December 2018 futures at $100/bbl -- was the most traded contract on Tuesday 20-Dec-2016 across the whole ICE Brent market, the latest sign of resurgent optimism in oil.
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Today's EIA Crude Oil stockpiles
Today, Wed 21-Dec-2016, the US official data from the US Energy Information Administration (EIA) will be released and is expected to show a further drawdown by 2.515 million barrels for the week ended December 16.
A follow through buying interest has the potential to continue boosting the commodity further towards $54.00 round figure mark above which a fresh bout of short-covering should lift it further towards 17-month high resistance near $54.50 region.
For those trading oil or the USD/CAD, it…
A follow through buying interest has the potential to continue boosting the commodity further towards $54.00 round figure mark above which a fresh bout of short-covering should lift it further towards 17-month high resistance near $54.50 region.
For those trading oil or the USD/CAD, it…