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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision
2021-03-08 16:00:00
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Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack
2021-03-08 06:00:00
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations
2021-03-06 16:00:00
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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries
2021-03-08 15:00:00
Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?
2021-03-07 12:00:00
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2021-03-08 16:00:00
Gold Price Forecast: Searching for a Bottom - Levels for XAU/USD
2021-03-08 13:24:00
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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
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2021-03-08 16:00:00
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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-08 20:40:00
Gold, Silver, Dollar, AUD/USD, USD/CAD and Bitcoin Technical Levels
2021-03-08 16:00:00
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  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.01% US 500: -0.01% France 40: -0.28% Germany 30: -0.29% FTSE 100: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LqhrKYMQFh
  • US Dollar strength continues, as USD/CHF surpasses 0.935 $USDCHF https://t.co/5RDZfc5tCp
  • The US Dollar set a fresh three-month-high on the back of a strong headline number in the Non-farm Payrolls report. Get your $USD technical analysis from @JStanleyFX here:https://t.co/ErM0N51RWP https://t.co/yzc3gfko6c
  • EUR/USD extends its recent decline, now trading 1.185 $EURUSD https://t.co/0P2HpTBq0R
  • USD/JPY strengthening during trade, adding to an impressive run for the Dollar/Yen pair in 2021 https://t.co/xHRuS8D2i0
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: -0.21% Oil - US Crude: -0.21% Gold: -1.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4hoyPt34ex
  • The latest CFTC positioning data for the week ending March 2nd saw speculators continue to unwind their US Dollar net shorts. Get your market update from @JMcQueenFX here:https://t.co/S3Kx4OBphE https://t.co/fejOV0AXYv
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Germany 30 are at opposite extremes with 80.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/klgOuNPYtk
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.45% US 500: 0.20% France 40: -0.10% Germany 30: -0.25% FTSE 100: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/umSIPmSxrY
  • $EURCAD has continued to head lower today, now trading right around the 1.5000 level. The pair hit a fresh one-year low, currently trading at its lowest level since early March of last year. $EUR $CAD https://t.co/Oj9JYasyTU
Crude Rebound Encounters Former Support at 92.00

Crude Rebound Encounters Former Support at 92.00

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Rebound Encounters Former Support at 92.00

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

Commodity Analysis: “Crude has reached a level that may prove difficult to break. The level in question is defined by the 61.8% retracement of the rally from November’s low, resistance throughout November and early December, and the trendline that extends off of the June and December 2012 lows. Resistance is now 92.” In light of other USD patterns, especially EURUSD, I’m wondering if the rally on 2/13 was a truncation. If it is, then the decline from the level is a clean impulse (5 waves) and a countertrend rally is underway….probably towards 94.43/94 (former 4th wave extreme, 61.8% retracement, 2/11 low).

Commodity Trading Strategy: Looking to short above 94.00.

LEVELS: 87.94 89.33 90.25 92.00 93.40 9440

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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