Oil Price Forecast: WTI Enters Fourth Straight Day of Declines on Demand Concerns

A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question

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GBP/USD Capped by Cluster Resistance, USD/JPY Blasts Off after Bullish Breakout

GBP/USD rises, but bullish momentum wanes as prices approach cluster resistance. Meanwhile, USD/JPY extends its advance after clearing a key trendline late last week.

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USD/CAD Rises on Oil’s Slump, Nasdaq 100 Carves Double Top Pattern as Bears Lurk

The Canadian dollar retreated on Wednesday, pressured by falling oil prices. The Nasdaq 100 also moved lower, with the tech index carving out a bearish double top pattern on the two-hour chart.

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