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During last week, crude oil prices shifted with an unclear trend as the price of WTI oil slipped while Brent oil edged up. Due to the different paths these oil prices followed, the gap between the Brent oil and WTI widen again: The difference between Brent and WTI ranged between $19 and $21. During last week, WTI oil declined by 0.45%; Brent oil rose by 0.86%. The oil stockpiles declined again during last week by 2.4 M bl.
During last week, crude oil price (WTI) declined by 2.5% and reached by Friday $89.88/b; Brent oil, also fell by 0.88% to $112.26/b; during September-October, WTI spot oil fell by 6.83%; Brent oil, by 2.77%.
The difference between Brent oil and WTI spot oil increased by the end of the week; it ranged during ...

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In the previous EUR/USD forecast we noted that the 1.28 might be a strong support. The SMA 200 was in the region and might add to the support strength. From a fundamental point of view, economic developments were worrying due to indications of slowdowns.

[I]EUR/USD Chart [/I]

[B]Technical Analysis[/B]

Looking at the daily EUR/USD chart above, we note that the currency pair failed to breech 1.28. ...

GBP/USD was unchanged this week, as the pair closed at 1.6132. The upcoming week has eight events, including Manufacturing Production, a key release. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

UK releases continue to perform close to the market estimates. There were no surprises from the BOE last week, as the key QE and the benchmark interest rate remained unchanged.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-oct-8-12/"]GBP/USD Outlook Oct. 8-12[/URL][/I][/B]

USD/JPY finally reversed its course and moved up. The pair also broke above downtrend resistance. Are traders wary of an intervention by the BOJ? Current Account and the G& meeting are the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

The positive Non-Farm Payrolls report in the US certainly helped the pair surge higher. The drop in the unemployment rate lowers the chance of more action from the Fed. In Japan, the Bank of Japan maintained its monetary policy unchanged in line with predictions in order to assess the impact of the monetary easing measures declared at its meeting last month. The new economic and fiscal policy minister Seiji Maehara called the BOJ ...