Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy
Crude Oil Price, Chart, and Analysis Oil prices made fleeting gains after US rates rose as expected Major producers agreed to extend their production cuts on Wednesday US inventories rose by much more than expected Oil prices slipped back in Thursday’s European session after short-lived gains in Asia following the United States Federal Reserve’s quarter-point […]
USD Index appears depressed post-Fed, breaches 101.00
The index drops to 10-month lows near 100.80. The dollar remains on the defensive post-FOMC event. Initial Claims, Factory Orders next of note in the docket. The greenback, in terms of the USD Index (DXY), adds to the weekly leg lower and breaks below the 101.00 support to print new 10-month lows on Thursday. USD […]
USDCAD Offers a More Direct Contrast on Rates Post-Fed
USDCAD, Interest Rates and FOMC Rate Decision Talking Points: The Market Perspective: USDCAD Bullish Above 1.3200 The top event risk for Wednesday, and arguably the entire week, is the FOMC rate decision. Though, as much volatility as it can generate, trend development will be troubled There is plenty of additional US event risk after the […]