*This is the 4hour chart We believe that its time for a down move as price broke out of an ascending trend-line and it's currently making a bearish corrective structure.
WTI rises to fresh 2-week highs above $55. Industrial production in the U.S. surprise to the downside. US Dollar Index pulls away from daily highs, continues to float above 97. After spending the majority of the day in a narrow trading band above the 1.33 mark, the USD/CAD came under pressure in the early NA session and dropped toward the mid-1.32s as the...
• Softer Chinese inflation data-led early weakness turned out to be rather short-lived. • US-China trade optimism/bullish commodities underpin Aussie and remain supportive. • Traders now eye second-tier US economic data for some short-term trading impetus. The AUD/USD pair managed to recover early lost ground, led by softer Chinese inflation data and is...