Technical Updates

Tag Archives: Expert Commentaries

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Will high oil prices bring a new recession?

Ten of the 11 recessions in the United States since World War II have been preceded by an increase in oil prices. Does the recent surge in oil prices mean we should be looking for recession number …


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Fed Stays the Course

The dollar index fell in Asian trading Thursday and traded below 73, the lowest level since August 2008. After breaking the 74-handle support, the index is likely to test the support from the March…


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Dollar Plunges

After dropping out of the trading channel on Monday, the EUR/USD found support in the 1.42 area and rose to a 15-month high today. A successful Spanish bond auction eased Spanish financing concerns. Spanish yields fell but Greek, Irish and Portuguese rates rose.


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Dollar Springs to Life

Today the dollar index broke this year’s downtrend, indicating further gains. The RSI came off its overbought condition and rose sharply; thus, confirming higher price movement. The risk to the dollar bullish scenario is that the Federal Reserve is still committed to flood the world with dollar through its QE2 programs. Support is in the 75 area and resistance in the 76.50 area…


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