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49/65
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Crude oil!...ahhh yes…that has been my world for a good many years!
Without that black sticky stuff, our industrial world would be very different and our world would arguably be a greener planet. Personally, I think burning coal to generate power is far worse than burning fossil fuel. Crude oil has been the single commodity responsible for the rise of the modern Arabs nation. And to think that the Saudis initially thought foreigners were crazy looking & drilling for that black stuff when, understandably so to the Arab’s, they should have been drilling and looking for much more precious water which is absolutely essential in a desert world.
In monetary value of the day, price per barrel of crude oil ranges from USD0.49 back in 1861 to USD117.09 in 2011. However, in terms of 2014 monetary value, crude oil was actually highest in 1864 at USD121.50 per barrel. Actual historical price per barrel of crude defers on various sites but generally are right around these figures.
Alright, that’s a very brief summary of crude oil prices! Now we go to what I think would be the direction of crude oil in our present & near future.
Why did oil lose so much value in so short a time period?
Person…
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15/52
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Review of last week
Last week began with a low-volatility due to the bank holiday in the UK and Memorial Day in the US. On the first day of trading we had data on inflation in Germany, which were in line with forecast and were 0.3%. The same day, but in later times, Japan has demonstrated its unemployment data which were steady at 3.2 which is not much change market.
The first excitement came after the article in Bloomberg that Abe prime minister has made a decision on the delay tax rise, to hit the yen and the yen reached a bottom after that during the last few weeks under all currency pairs. However turnover occurred after confirming the news when became the official, Japanese yen did not fall on the first notice that after a few hours strongly strengthened against the dollar from the 110.70 to 109.
On Tuesday we had confirmation that inflation in the Eurozone was at the expected level in the amount of 0.8%, which is just above last month for 0.1%. GDP in Canada was weaker than expected and the news affected the fall of Canadian dollar despite rising oil prices, which in the last week trading for the first time this year was above $ 50 per barrel. Ends week brought the excitement…
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Forex_champion avatar

great article

ARASHFATHI avatar
ARASHFATHI 29 June

fantastic

amerfx86 avatar
amerfx86 30 June

Thanks a lot all, for your opinion.

klintons avatar
klintons 4 July

Nice

paglu avatar
paglu 2 Aug.

Very important

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23/59
Ranking
Review of last week
Last week began with the BOJ meeting minutes which was not volatile for the yen pairs and we got the conclusion that the economy of Japan improving gradualy, however it did not help the yen to be held in relation to other currencies and was the weakest currency in the last week among the majors. In the EU we had weak data particularly in the industrial production and GDP of EU, which was below expectations, while perhaps the only positive point was that Germany had somewhat better than expected inflation and trade balance that far exceeded expectations. Also, the euro was one of the weakest currencies and compared to usd fell and broke through some key supports.
On Thursday we had the BoE, pound was very choppy but after expectations of lower inflation and moderate dovish stance of Carney continued to decline. Rise of oil prices in the last week did not help commodity currencies and they were all in the red compared to usd. Based on the above, we conclude that the US dollar was the strongest currency in the last week after a week of declined from the low this year.
This week we will analyze one of the commodity currency compared to usd which is now in a very st…
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bokafx avatar
bokafx 29 May

Good view on AUD and nice article

Nika_1952 avatar

Good professional look.

Helena_Prekrasnaj avatar

good analysis and almost a sure forecast))

fxsurprise8 avatar

nice

Govagent avatar
Govagent 1 June

Good article ^_^

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27/51
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As we are in the middle of April where we had a lot of interesting events on the forex and how we approach the end of the month we will have a growing excitement and a wealth of events that could change the trends since the beginning of the year. As noted in the previous article Forex Weekly Outlook - Still selling dollars , announced a series of articles and explain in what way I processed themes and this week we continue with a detailed technical and fundamental analysis of the two currency pairs as well as with giving my opinion on how it will continue to move. In selecting the two currency pairs especially want to hear the requirements of members of the community who can write in a comment on the article that the pair want to analyze. the most interesting currency pairs that had significant changes by events or had large breakouts to significant levels will be analyzed. This week I received a request to private messages to analyze eurusd I usdcad.
EURUSD Fundamental analysis After a failed attempt to break above, eurusd dropped and broke some of the most important support. On the side of fundamental analysis, we had several important data in the EU positive thing is that the re…
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Sennna88 avatar
Sennna88 20 Apr.

Very informative article. Great level to watch!

Govagent avatar
Govagent 25 Apr.

Thanks 4 the info buddy ^_^

s_amira avatar
s_amira 23 May

Very good job!

Tach avatar
Tach 26 May

good analyse

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15/51
Ranking
In this series of articles I have idea to put major currency pairs on analysis for week which are behind us and give some forecast for week ahead. To be useful for all traders in this series of articles I will try to summarize all important information about trading some major pairs. That will include most relevant events which happened and which will happen in next week on the fundamental side. On the technical side I will provide some charts with some technical tools which all traders use : moving average, fibonacci levels, trendlines and channels, support and resistance line. On the end of analysis I will write some mine predictions on that currency pair which can be bullish, bearish or neutral. In hope to articles be useful for all Dukascopy community and traders in community I will be in response on comment section where I will give answers on all questions. Every week I will publish article in this series of Weekly Forex Outlook articles and on every article I give detailed analysis on two currency pairs. Every member can in comment section ask or give proposal of which currency pair analyze next week.
EURUSD
Fundamental analysis
On the fundamental side in the last week we …
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NORDTYT avatar
NORDTYT 18 Apr.

Используя вашу статью, можно добиться хороших результатов в торговле на данном рынке. Удачи вам.

tdbatinkov avatar
tdbatinkov 23 Apr.

very good analysis

Yuliya_N avatar
Yuliya_N 27 Apr.

Thanks for useful information!

fxsurprise8 avatar

short-term this has been the winning play

s_amira avatar
s_amira 23 May

So informative article! Thanks, it was interesting to read.

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