Blackwell Global

Key Points: Recent Oil Inventories data showing builds Technical bias remains bearish Saudi Arabian oil production reaches new highs Oil prices have been recovering rather strongly ever since bouncing...

Key Points: AUD/USD breaches short run bullish trend line. ABCD pattern completes. 20 EMA trending lower towards 60 and 100 EMA’s The Australian dollar has been one of the strong beneficiaries...

Key Points: RBNZ cuts the OCR by 25bps. Medium term OCR rate around 1.50% probable. Expect 25bps cut at September RBNZ meeting. The New Zealand Dollar has largely been on a rollercoaster over the past...

Key Points: Moving to form an ascending triangle Aggressively bullish EMA activity Parabolic SAR still reading bullish As gold continues to distance itself from its recent ranging phase, the metal has...

Key Points: DXY fails to breach daily cycle high. Parabolic SAR declining. DXY outlook remains bearish. The highly watched US Dollar Index took another hit over night as a broadly weaker USD sentiment...

Key Points: Rising Wedge and ABCD pattern coming to completion Overbought Stochastics Nearing long-term zone of resistance. The Aussie Dollar’s bullish run may be beginning to show signs of...

Key Points: USDCAD forms bullish flag on 1-hr chart. RSI Oscillator declines from overbought territory. Market largely underestimating risk of US FOMC rate hike. The USDCAD pair has been under...

Key Points: Testing upside constraint of descending triangle. 100 day EMA is providing dynamic resistance. Challenging the 38.2% Fibonacci retracement A plunge back to a long-term support could be on...

Key Points: Cable under pressure as rate cut volatility still in play. NIESR predict 50% chance of UK recession. Downside risks dominate. The Cable had an extremely busy week that ultimately turned...

Key Points: RBNZ expected to cut interest rates this week. Little in the way of technical bias. US Jolts Job Openings data could exacerbate losses. The kiwi dollar began to slide slightly last week...

Key Points: Daily timeframe showing consolidation. RSI and Stochastic Oscillators nearing oversold status. Additional bullish impulse wave probable. The EUR/NZD has been on a rollercoaster the past...

Key Points: Bearish 100 day EMA crossover. Parabolic SAR is bearish. Schiff Pitchfork signalling the pair is at a potential turning point. The swissie is continuing to complete its wedge pattern but...

Key Points: Ascending Triangle pattern. Bullish EMA Activity and Parabolic SAR readings. Upside constraint unlikely to be broken. After largely shrugging off the 25bps cut to the Australian Cash Rate...

Key Points: Price action breaches bottom of channel. RSI Oscillator trending sharply lower. EUR/GBP breakdown in the coming days likely. The Euro-Pound has largely been in a sideways consolidation...

Key Points: Gold breaches bearish weekly trend line. $1372.60 December 2015 high looms. Medium outlook remains bullish. Gold futures have continued their trend of closing higher, with the precious...

Key Points: Bearish Pennant is nearing completion. H4 stochastics are overbought. BOE expected to cut interest 25bps this week. A recent move to the upside constraint of an emerging pennant formation...