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1 Jul 2016

USD/RUB MACD higher lows indicates upside ahead

A run of USD/RUB MACD higher highs and lows, could imply a shift in sentiment ahead.

In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. At the same time, price action is posting lower lows, which should indicate that spot has bottomed out for the time being.

Jul 1, 2016

Oil edges higher in Asia, US rigs data in focus

Oil benchmarks on both sides of Atlantic took a pause in its sell-off and corrected higher in the Asian trades this Friday as investors cheer renewed

USD/HUF: return to crossover level could be bought