It looks that the small correction has ended today, we are going up and hard to say where we are going to stop.

USD/JPY Discussion

It looks that USDJPY will drop to 119 and it will be natural correction move, afterthat it should get back to up trend again.

USD/JPY Discussion

It is expected that ECB will start QE in March, if this is true Euro must go down, don't go long until it is clarified by ECB.

EURUSD

tomorrow we will be breaking up slightly 120 level and then small correction would be reasonable.

USD/JPY Discussion

It seems that Saudi Arabia tries to preserve its market share and hamper development of oil shale technology in US. Some sources report that price lower than 70 USD will discourage some of oil producers to invest more in shale mining.

Trading Crude Oil with price action + indicator

Russia in this game is not a player, it is only a passive observant, they can switch to other currencies, but sooner their economy totally collapse than US will feel any difficulties relating to this move

OPEC summit on 27th November

Brent below 70$, this price war can be deadly for some participants.

Trading Crude Oil with price action + indicator

it may be true, because it was reported that Russia was increasing their gold reserves recently ( url .). It will be interesting to see how market will react if they make it happen.

OPEC summit on 27th November

Ruble is on the verge of panic, if normal Russians start buying foreign currencies for real, then it will generate a huge spiral of ruble depreciation. To be honest I don't see what activities CBR can take to prevent such situation.

OPEC summit on 27th November

you can try fxpro, they used to offer 1:500 leverage, but I am not sure how it looks like now.

EUR/CHF

why do you think that EURCHF will go up when referendum will be against gold standard, this will preserve the status quo, I wouldn't expect serious moves on the marktet in such scenario, look at Scotland case, rererendum was in line with ...

EUR/CHF

...and finally they didn't cut and now WTI, BRENT are falling dramatically, also all related currencies are weakening such as: RUB, NOK,

OPEC summit on 27th November

Rumours from the summit: - Venezuelan minister ceased 2mln bpd oversupply in oil market, says everybody has to cut oil production - Kuwaiti oil minister says oil market oversupplied by 1.8mln bpd

OPEC summit on 27th November

Barclays expect further rise on yen pairs , it points out that many hedge funds will be trying to take advantage of BoJ policy.

USD/JPY Discussion

Some analysts predict 65 USD in a few months, take a look at this video: url

Trading Crude Oil with price action + indicator

Fundamentals will play crucial role here, it would be better to wait for the OPEC summit before you take any position.

Trading Crude Oil with price action + indicator

PM Abe seems devoted to QE, it is quite risky to go against the trend which is quite strong.

USD/JPY Discussion

I expect the referendum will not change anything, the last polls show that gold supporters are weakening.

EUR/CHF

Oil is going up due to OPEC summit which will take place at the end of the week, it can be a turning point.

Trading Crude Oil with price action + indicator