Crude Oil Price Analysis – Oil Bounces on Tensions.The crude oil markets continue to see consolidation, but the tensions between Russia and Ukraine have put a bit of a bounce into the market on Wednesday.
AUD/CHF, AUD/USD and AUD/JPY Forecast – Aussie Dollar Showing Risk Appetite Direction.The Australian dollar has been slightly mixed on Wednesday, as traders are trying to determine the overall direction of risk appetite, not only in the Aussie, but markets in general.
US Dollar Short-term Outlook: USD Coils Between Key Levels – Breakout Looms.The US Dollar stalled at resistance early in the month, leaving price action contained within a well-defined consolidation band. The recent pullback keeps the index within the confines of the late-January uptrend with the opening range now clearly established and the next sustained move beyond its boundaries is likely to dictate near-term direction.
US Dollar Forecast: DXY Eyes Breakout at 97.522 as Safe-Haven Flows Return.U.S. Dollar Index climbs toward 97.522 breakout level on Iran tensions and Euro weakness. Safe-haven buying drives DXY higher as Fed minutes loom.
DXY, USD/JPY, RUSSELL 2000 and PL Forecast – Markets in Motion on Wednesday.Several markets are in play at the moment, and there are even a few I am watching for a bit of a “heads up” on others.