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WTI crude oil back to $60 WTI crude oil back to $60 Joe Perry February 18, 2021 9:39 PM West Texas Crude Oil dipped back under $60 a barrel as traders took profits ahead of PMI data Share: West Texas Crude Oil dipped back under $60 a barrel as traders took profits ahead of PMI data after what continues to be a wild ride! There have been many reasons to be bullish the black gold. The American Petroleum Institute has shown ...
No news is sometimes good news: DXY, AUD/USD Joe Perry February 11, 2021 2:47 PM Yesterday’s themes have carried over into today’s US session Share: Many Asian countries were closed earlier due to the Lunar New Year, resulting in slow trade. The muted session carried over to Europe and now into the US. It’s quiet. Therefore, yesterday’s themes have carried over into today’s US session, which primarily are the lack of inflation in the US a...
Currency pair of the week: USD/MXN Joe Perry February 8, 2021 2:17 PM The Bank of Mexico meets this week and there is a possibility they may cut rates Share: During the first few weeks of Joe Biden’s Presidency, he has put pen to paper signing executive orders on everything from immigration to climate change to wearing masks. However, as mentioned in the Week Ahead, the main focus in his early days has been on his $1.9 stimulus package making it way...