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The US dollar has rallied again during the trading session on Monday against the Brazilian real, as we continue to see a lot of concerns around the world affecting emerging market currency such as this one. All things being equal, this is a market that I think will continue to see a lot of upward pressure, and I think at this point in time it does make a certain amount of sense that short-term pullbacks will continue to be buying opportunities. Technical Analysis AC several support levels that are excellent buying opportunities if you do in fact get the opportunity. Keep in mind that this is a pair that will be extraordinarily volatile at times because it is somewhat thinly traded during certain times of the day. That being said, I believe that the 5.30 level has now offered itself a bit of support, as it previously had been resistance. With that being the case, I like the idea of buying dips in bits and pieces and taking advantage of value any time, it shows up. After all, the US doll...

The NZD/USD has had another solid spurt of upwards momentum develop in the past half day and sustained values near important mid-term resistance marks. The NZD/USD stumbled in early trading yesterday and touched the 0.61560 vicinity, but the move lower actually did not test Monday’s lows. And importantly the support level touched yesterday remained within sight of Friday’s highs. After touching yesterday’s low, the NZD/USD actually began to generate buying momentum. Economic data from the U.S continues to come in below expectations as signs appear to be growing the American economy is slowing. As of this writing the NZD/USD is near the 0.61818 ratio and this is noteworthy because the currency pair is within sight of yesterday’s highs which were achieved before the downturn. Support and resistance levels short-term are playing the usual cat and mouse game of give and take, but traders who look at a week’s, one month and even a three month chart can see a verifiable trend upwards that ha...

Crude oil prices extend its previous session gains as bulls take control on cooling down of oversupply fears among investors after a successful OPEC meeting on Thursday. The meeting ended with a promise to hold on existing cuts by countries like Iraq and Kazakhstan for the additional period of three months. Both countries will now compensate for their overproduction in May, by drawing extra barrel out of market, even if other OPEC producers do not extend record production cuts. In addition, the meeting offsets the supply concern of rising inventories and provided a modest lift to crude prices. As of this moment, US WTI is trading 1.05% higher at $39.33 per barrel, while Brent crude is trading 1.06% higher at $41.78 per barrel. Meanwhile, crude oil is poised to register weekly gains as it is trading 7.63% higher, after registering losses in previous week. Talking about the previous session, crude oil ended near day’s high at $38.92 per barrel, with gains of 2.72% after investors ...