Oil prices rose to above $69 a barrel Tuesday as traders brushed off concerns that the doubling of crude prices since March is out of step with a weak global economy.

GBPUSD break above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be

EURUSD Forecast: The EURUSD was corrected lower yesterday, bottomed at 1.5031 and closed at 1.5047. On h4 chart below we can see that after violated the bearish channel, price retreat lower towards the upper line of the bearish channel, but this is...

On Thursday, Fed Chief Ben Bernanke will be testifying before Congress as part of the confirmation process for his second term. GE and Comcast are also expected to announce their deal over NBCU.

EURJPY Forecast As I had expected, the EURJPY continued its bullish momentum yesterday, topped at 131.96 and closed at 131.80. On h4 chart below we can see that my trendline resistance has been violated to the upside indicating bearish failure and the...

GBPUSD Forecast: The GBPUSD continued its bullish momentum yesterday, made an important technical movement by slipped above my major trendline resistance (red) indicating a serious threat to the bearish scenario.