FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro- Major Pair levels and bias summary 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
FxWirePro: USD/ZAR bears maintain upper hand 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
WTI crude prices spike above DMAs after stern bullish candle with big real body last week (refer daily chart). For now, upswings seem to be most likely upon bullish DMA and MACD crossovers coupled with intensified bullish momentum as both leading oscillators (RSI & stochastic curves) show upwards convergence to the price rallies.
While consolidation phase in the major trend breaks out symmetric triangle resistance (refer monthly chart). The current major trend appears to be little edgy at 50% Fibonacci levels on shooting star formation, where both leading oscillators on this timeframe signal overbought pressures.
Well, the brent crude, the global benchmark, was up about 0.68% to $76.73 a barrel on London’s Intercontinental Exchange. West Texas Intermediate futures were trading up 0.23% at $69.03 a barrel on the New York Mercantile Exchange.
Energy commodities analysts project more than one million barrels a day of Iran's roughly 2.5 million barrels a day of exports could be at risk. While Washington has contended that countries eliminate their purchases of Iranian oil.
Meanwhile, crude oil prices surge as stock markets hit record highs and the U.S. and Mexico reached a preliminary deal to revamp their trade agreement.
Trade recommendation:
On hedging grounds, we maintain short positions in ICE Brent calendar spread (short ICE Dec 18 vs ICE Dec 19), short NYMEX WTI Sep/Oct’18 time spread and short NYMEX WTI Oct’18 versus long Brent Oct’18 contract.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 40 (which is bullish), while USD is flashing at -4 (neutral), while articulating at 12:05 GMT.
For more details on the index, please refer below weblink:
