February 28th, 2012 18:46:43 GMT

Oil stumbles to $107


WTI is down to 107.24, the lowest since Thursday. The hourly chart looks toppy, perhaps headed back to $105.50. CAD didn’t seem to care about oil on the way up. If CAD declines on the way down it’s a negative … Continue reading


February 27th, 2012 15:16:00 GMT

Mean chop in the commodity currencies


AUD/USD up to 1.0711 now as it chews through offers seen up to 1.0715. More sellers up at 1.0745/55. Similar breakdown in USD/CAD. The February high of 1.0052 held wonderfully in Europe and now it’s turning aggressively lower as sentiment picks up.

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February 3rd, 2012 16:22:27 GMT

USD/CAD below 200-day moving average


A close today below the 200-day at 0.9963 would be the final confirmation of the breakout from the wedge that started in November. Perhaps it’s especially impressive that it broke even after a disappointing Canadian jobs report.



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