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…
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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…