Is Recent Oil Spike An “Irrational Exuberance”? Many banks and investment firms have come out to defend the rise in oil prices saying that it is based on fundamentals and that prices could rise much further. While they go on saying this and prices move upward, open interest in crude ... ...

Dollar’s Fall Could Be Limited As Fed Signals Rate Pause The Fed has given us a bleak prognosis of the US economy as can be seen from the minutes of the FOMC meeting on April 29/30. Here are some downbeat forecasts: the Fed cut its forecast for economic growth to 0.3% - 1.2% in 2008, ... ...

Major Pairs Consolidate In Asian Session •USD consolidates •Mixed against the majors •UK data boosts GBP. Today’s Economic Reports All times EASTERN (-5 GMT) •8:30am USD Unemployment Claims 373K •9:00am USD Fed Governor Kroszner Speaks •10:00am USD House Price Index m/m ... ...

Can A Rebound In Housing, Bring Back Dollar Bulls? Trading the News: U.S. Existing Home Sales What?s Expected Time of release: 05/23/2008 14:00 GMT, 10:00 EST Primary Pair Impact : EURUSD Expected: 4.85M... Go to Full Article

Canadian Loonie - In the Box 2008-May-22-2008-USD-CAD-60 Min-Box. (Click on Chart to Enlarge). Symmetrical Box Pattern. The above chart shows the USD-CAD 60 min chart in a nice consolidation range of 40 pips. This box pattern is split symmetrically with 20 pip ... Go to Full Article

To Members of Congress: Three Moves That Will Stop Oil Price Advance By Keith Fitz-Gerald. An Open Letter to Congress:. First there was the trillion-dollar pork fest for energy. Then there was the decision to go with corn-based ethanol. Now, Congress has voted to stop adding oil to the...

New Zealand Dollar Technical Outlook Kiwi is tracking our preferred count (short term) and came just pips from triggering the bullish objective at .7915 this morning. Go to Full Article

Yen Technical Outlook There is no change to our USDJPY analysis as the pair has chopped lower and a bearish bias is warranted against 104.68. The potential for a sizeable decline... Go to Full Article

British Pound Technical Outlook As expected, Cable has soared this week in what is probably the final leg of a corrective advance from 1.9337. Go to Full Article

Euro Technical Outlook The EURUSD has advanced as expected this week and faced resistance just above 1.5800. The possibility remains that this rally will reach a new high within... Go to Full Article

Swiss Franc Technical Outlook There is no change to the USDCHF pattern as the pair is tracking our preferred count. "We view the rally from .9674 as an A-B-C advance (corrective) but... Go to Full Article

Canadian Dollar Technical Outlook We should know very soon whether or not we are completely wrong in our assessment of the USDCAD. Go to Full Article

Australian Dollar Technical Outlook The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936). Go to Full Article

Dollar / Yen Tests Critical Support; Bearish Bias against 104.68 The USDJPY is testing critical support. A break below 102.50 would lead to an acceleration of the downtrend. Cable has soared as expected and the next... Go to Full Article

Pound Rally's On Better Than Expected Retail Sales Talking Points - Japanese Yen: Climbs Above 103.0 - Euro: Industrial New Orders Falter - Pound: Retail Sales Better Than Expected - US Dollar: Jobless... Go to Full Article