Technical Analysis – USDJPY short-term bullish but momentum fading; neutral medium-term bias intact USDJPY short-term bullish USDJPY continues to trade within a broad range between 108 and 114 since April. The short-term bias is to the upside and daily momentum signals remain bullish. MACD is above zero and rising and RSI is above 50, although
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WTI oil futures hold neutral to bearish bias in short term; key support at 50 WTI oil futures dropped below the recent consolidation range and prices are now targeting support at the key 50 level. Risk is clearly tilted to the downside in the near term, while technical signals are bearish. The MACD and RSI
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Oil Shorts in Play or an Irrational Bias for Cheap Petrol? Buz Investors Oil Shorts I had a lighthearted conversation with a colleague not so long ago, asking if they feel they might have an irrational bias toward shorting oil, simply because the flow on effect will mean cheaper petrol when they go to fill
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EURUSD returns to the neutral bias EURUSD Buz Investors neutral bias This morning at 10:40 GMT, the EUR is trading at 1.0590 against the USD, 0.1% higher from the New York close. In economic news, data indicated that French consumer confidence index remained steady in February. This morning, the pair traded at a high of
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USDCHF positive bias unchanged USDCHF Buz Investors USDCHF positive bias The US Dollar is trading at 1.0094 against the Swiss Franc at 10:40 GMT this morning, 0.39% higher from the New York close. With no economic releases in Switzerland today, investors will look forward to global events for further direction. The pair traded at a
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