Reformulated Blendstock for Oxygenate Blending, or RBOB (pronounced R-BOB), Gasoline Futures have been on the minds of many people lately. RBOB has been moving aggressively higher since December 2, 2021 when the futures product made a low of 1.8799. Since then, RBOB has been on the rise. On June 6th, it made a high print […]
The post RBOB Gasoline Futures Have Strong Positive Correlation with AUD/JPY! appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…