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Oil gains 1% in Asia on hopes of OPEC deal

Oil advanced 1% at both sides of the Atlantic on speculation the OPEC may be close to reaching an output deal to support prices. Brent oil was last seen trading 1.10% or 49 cents higher at $47.35/barrel. WTI oil was last seen trading 1% or

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Weekly Watch: Nov. 21-25, 2016

EUR/JPY EUR/JPY 1-hour Forex Chart After breaking out of that symmetrical triangle formation the other week, EUR/JPY established stronger upside momentum by forming an ascending channel pattern. Price is currently testing the channel resistance and might be due for a correction since stochastic is indicating

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EUR/USD: What’s next after 10-day losing streak?

EUR/USD is trading on a positive note around 1.06 handle after having suffered a ten-day losing streak on the ‘Trump Bump’ and due to the increasing political uncertainty in Europe. Technical correction or further sell-off? Charts could be screaming ‘oversold’ and thus a technical correction

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Comdoll Trading Kit (Nov. 21-25): Forex Market Preview

Dollar domination over the past few days spurred breakouts for AUD/USD, NZD/USD, and USD/CAD. Here are the potential inflection points and upcoming events for this week. Significant Forex Levels to Watch AUD/USD USD/CAD NZD/USD Week Open (WO) 0.7330 1.3495 0.6991 Previous Week High (PWH) 0.7581