Blackwell Global

Key Points: RSI Oscillator enters oversold territory. Price action touches bottom channel constraint. Watch for a short term rally in the coming session. The past month has been relatively all about...

Key Points: Schiff pitchfork remains in place. Parabolic SAR bias has reversed. Stochastics are now heavily oversold. The embattled pound continues to contend with the Swiss franc and could be...

The Australian dollar has been strongly bullish of late as the pair has benefitted from sentiment swings from the relatively uncertain FOMC outlook. However, despite the rally over the past month,...

Key Points: Weaker physical demand could be seen going forward. Recent bullishness could be undone by a supply glut. Resurgence in equities could increase appetite for risk. Given its apparent...

Key Points: OPEC elects to cut 700k b/pd of production. Iran, Nigeria, and Libya not bound by production caps. Russia suggests they will increase production by 400k b/pd. Crude Oil prices received a...

Key Points: Ascending channel remains intact. Reversal could already have begun. Currently in oversold territory. The EURGBP is setting up for what could be a fairly strong reversal in the coming...

Key Points: Bullish pennant structure taking shape. Parabolic SAR retains bearish bias. Long-term downtrend remains in place. Despite a recent spate of solid gains and what is likely to be another...

Key Points: Brexit risks continue to stock downward moves. Monitor the UK House Price figures. Cable to remain bearish in the week ahead. The Cable continued to move lower last week despite a short...

Key Points: Japanese CPI y/y forecast at -0.5% y/y 100.00 handle forming as key battleground. Watch for US Michigan Consumer Sentiment figures. Last week continued the slide for the USD/JPY as the...

Key Points: Descending channel still intact EMA Bias remains bullish Neutral RSI Readings The Aussie dollar experienced a massive surge in buying pressure last week, moving from as low as 0.7481 up to...

Key Points: Key inflection point approaching. Price action approaching lower channel constraint. Any breach of the channel could signal new bearish phase. The kiwi dollar could be preparing for...

Key Points: Markets are pricing in a 15% chance of a hike. Jawboning likely following the decision. Fed likely to hold rates steady at 0.50% The US dollar has largely softened over the past 24 hours...

Key Points: US Federal Reserve decision on funds rate looms. Volatility extremely likely. Cable's fundamental direction difficult to predict. Last week ultimately proved relatively negative for the...

Key Points:EURCAD breaks through C wave of bullish trend. Downside risks dominate. Expect to see period of sideways moderation before break lower. The EUR/CAD has been resurgent other the past few...

Key Points: Wedge pattern evident on WTI Daily time frame. RSI Oscillator nears oversold levels. Price action nears moderate support zone. Crude oil has had a tumultuous few days as the commodity has...

Key Points: Bank of England likely to keep bank rate steady. Watch for UK Retail Sales data. Cable likely to be volatile during Thursday’s session. The cable was initially buoyant last week...