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(RTTNews) - Oil prices have accelerated to the upside over the course of the trading session on Thursday, with the price of crude oil climbing back above $120 a barrel. The substantial price increase reflects renewed concerns about supplies. After seeing some strength earlier in the day...

EUR/USD has risen nicely in uptrend and target for exit and reversal is about 4845-50ish. USD/CHF is nearing bouncepoint, currently at 0915. G/U is returning to a bouncepoint at 8700 an isn't expected to go much higher before a comfortable retracement of at least 50-60 pips. GBP/CHF and...

The E/G trade didn't do as I thought so I'm out at -15 pips. The patterns is such that it still could drop but has become ambiguous as far as daytrading goes. It's worth watching for a drop but showing clear signs of downtrend need to make it safe. A better sellpoint was current price of 7924...

German Stocks Rise as Oil Pares Gains on U.S. Inventories By Stefanie Haxel Aug. 20 (Bloomberg) -- German stocks erased declines after a U.S. government report showed crude oil inventories gained more than forecast. ThyssenKrupp AG, Deutsche Boerse AG and Deutsche Postbank AG led rising...

Note the change to EUR/USD expected daytrend high. The USD/CHF seems to want to drop a bit more but perhaps not much and the larger trend down on EUR/U and up on U/CHF could happen soon. I sold the E/G at 7917 as E/U drove it slightly higher than expected. Target is 7875ish and stop is...

Note: These are in trend daytrades and not ideal swing entries.

Stops used on E/G, no more than 15 pips so safe entries are critical. Stops used on others, 25-30 pips depending on how rangy the currency pair. The EUR/USD should drift lower sometime over the next few hours and USD/CHF higher but not after dropping to about 0980-85. An in trend buy is...

EUR/GBP Buy proposed at 7895 with target of 7910. Currently at 7907. This trade is not ideal due to low RRR but due to the slow, safe movement on E/G worth considering. Note the trade is probably against larger trend. One could leave a partial position in with stop at 0 to see if prognosis is...

Canadian Wholesale Sales Rise at Fastest in 16 Months (Update1) By Theophilos Argitis Aug. 19 (Bloomberg) -- Canadian wholesale sales rose at the fastest pace in 16 months as the automotive industry rebounded. Sales advanced 2 percent to C$45.2 billion ($42.4 billion), Statistics...

Took 42 pips on a G/J trade up although could have cleared 100 as it went over 200. Break even was 202.69 and target should have been higher than my exit. It's too often the case.:( Buying the USD/CAD on a bounce from 0600 should work for a short term trade if it reaches that. I sold earlier...

Took a few pips on the g/j bounce and now watching for re-entry as low as 201.50 depending on the U/J dropping more or not. Might try a buy at 202.50 but more ideal entries are usually worth waiting... something to always remember. GBP/CHF is low to and should rebound soon. Currently 0288-90...

US Business Inventories rise 0.7% in June, more than expected US EIA Commercial Crude Oil Stocks decreased 0.4 millions U.S. Stocks Decline for Second Day; Deere, Macy's, Banks Fall By Lynn Thomasson Aug. 13 (Bloomberg) -- U.S. stocks dropped for a second day as earnings...

Canadian Dollar Declines Amid a Rally in the U.S. Currency By Chris Fournier and Cordell Eddings Aug. 13 (Bloomberg) -- Canada's dollar fell, trading near the lowest in almost a year, as the U.S. dollar strengthened against most major currencies. The Canadian dollar has weakened in...

U/CHF was a 0 stopout. Think I'll leave U/CHF alone for a bit given the current pattern. G/J had dropped lower and should bounce again about 202.75 but may be a higher risk than buying the G/U at 8650. USD/CAD may double top on hourly chart so attempting a sell is worth watching for...

It dipped over 100 pips so I bought. Both the patterns on the GBP/JPY cross and the corresponding majors indicated a buy. Out with a few dozen pips.:) Sold the USD/CHF in a downtrend at 0848 with target at 0800, stop 20 pips higher. Stop will be move to 0 soon hopefully and target may be...

I missed the entry as it didn't drop quite as low and took a higher risk "daytrade" up for a few pips as the bounce unfolded. Watching the pattern unfold and selling down with larger trend from a high pointperhaps as high as 209.00 is the swingtrade plan. Current daytrading will be to watch for...

The GBP/JPY appears to be reaching a bouncepoint of about 205.00. I won't pull the buy trigger until it gets closer, currently in the mid 205.20's. Target is 100 pips plus higher. Larger Elliot Wave pattern remains down for the week but a retracement up is due soon before downtrend resumes.

Canadian Dollar Snaps Longest Losing Streak in 3 Years on Trade By Cordell Eddings Aug. 12 (Bloomberg) -- Canada's dollar snapped its longest losing streak in three years after a government report showed the nation's trade surplus increased during June. The Canadian dollar...

U.S. Economy: Trade Gap Narrows on Surge in Exports (Update1) By Courtney Schlisserman Aug. 12 (Bloomberg) -- The U.S. trade deficit unexpectedly narrowed in June as the biggest jump in exports in more than four years overwhelmed record imports of petroleum. The gap shrank 4.1 percent...

As review the USD/CHF trade did as proposed. USD/CAD did bounce but not by much, just enough for small profit on partial position and stop to or near 0 on the rest. AUD/USD has bounced off a few points as it trends lower. Some attempts to catch the bottom have brought some partial profits...