Daily Gold market analysis using Ichimoku charts
Friday, June 12, 2009
FOREX VIDEO | NEW YORK SESSION REVIEW | June 11, 2009
Inter-market correlation pointed to a rally on the EUR/USD currency pair during the first 30 minutes of today's US equity market session. The rally broke a downtrend line, and a conservative long trade entry came in the form of a re-test of that former source of resistance. A 60-pip profit was the reward for those who closed the trade after the euro stalled near a psychological level as the London close approached. Those who held the trade through today's 30-year Treasury bond auction, then cashed out at the daily M4 pivot point, earned a greater prize of 120 pips.
Oil Price heads to $80 as Global Demand for Crude Oil Soars
The international energy Agency raised its forecast for global demand of crude oil , IEA says it sees signs the Recession is bottoming out
CBA's Moore expects oil prices to head to $80 a barrel over 2010.
CBA's Moore expects oil prices to head to $80 a barrel over 2010.
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