Crude Oil

Crude Oil takes a nose dive as traders took profit.

By Forextvblog on August 26, 2009 -

Later afternoon trading saw the price of Crude Oil take a nose dive as traders took profit. The price of Oil stalled at the $75 resistance level and fell significantly following the failed breach. Today traders will be tracking the release of the U.S. Crude Oil Inventories data along with the New Home Sales numbers for today's market direction. [caption id="attachment_1933" align="alignright" width="293" caption="Crude Oil Dives"][/caption] Yesterday, the Dollar saw mixed results against its major currency rivals. Against the EUR, the Dollar... ( read more )

Daily Forex Tips – August 4th 2009

By Forextvblog on August 4, 2009 -

The Dollar and Crude Poised For New Highs Monday's trading saw the Dollar fall against nearly all of its major currency pairs. On the other hand, Crude Oil rose to its highest level since the beginning of July.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption] The Dollar slumped vs. the key currencies, including the GBP, EUR and Canadian Dollar yesterday. This was largely owed to the publication of optimistic U.S. manufacturing and construction data. Furthermore, the greenback was sold-off,... ( read more )

Daily Forex Tips – July 31st 2009

By Forextvblog on July 31, 2009 -

The US Dollar and Crude Oil Will Dominate Trading today. Thursday saw the U.S. Dollar lose ground against most of the major currencies. Whereas Crude Oil prices soared to commence Friday's trading on a positive note.[caption id="attachment_1793" align="alignright" width="128" caption="Daily Forex Tips"][/caption] The USD tumbled against such currencies as the EUR, GBP and CAD yesterday. This was due to a number of reasons, such as the forecast for today's Advance GDP figures from the U.S. being significantly better than the previous results... ( read more )

Crude Oil Rises the Most in 3 Weeks

By Forextvblog on July 16, 2009 -

Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil's gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies last week. And along with a weak U.S. dollar, which traded near a month low against major currencies, this supported the rally in Oil prices. Investors will be keenly watching the weekly U.S. jobless claims data due to be released later on Thursday, for a clue of a possible rebound of the world's largest e... ( read more )

Daily Forex Tips – July 13th 2009

By Forextvblog on July 13, 2009 -

Crude Oil Prices Continue to Fall After extremely bullish session last week, the Yen was little changed against other major currencies today, with traders looking to moves in risk assets like equities and oil to set the market's direction. The USD/JPY is currently traded around 92.40. Crude Oil prices experienced another day of depreciation as the oft-traded commodity dropped below $60 a barrel during today's trading session. Much of this bearish movement in Crude Oil can be attributed to fears of a drop in fuel consumption due to poor ec... ( read more )

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