Blogs

<p>WTI oil jumped over half a dollar in immediate reaction on release of US weekly crude inventories data which showed a build of stocks by 1.2 mln bls, which is above forecast for 0.1 mln bls build but well below last week’s 5.7 mln bls rise. The sentiment was weak and oil price was descending […]

<p>The Euro remains in red for the second day and retests pivotal 1.1212 support, threatening of break lower that would signal reversal. Fresh move into safer assets due to rising geopolitical tensions pressure Euro, while US hosing starts below expectations in May slightly softened dollar but the impact was minor. Falling daily momentum, sto

<p>Housing starts improved in May, rising by 4.3% month-on-month to 974K units (annualized). While this was a fair bit below the consensus forecast for 1.1 million units, it’s the first time in four months that starts increased. Multi-unit starts drove the rise last month, picking up by 15% month-on-month. Single unit starts, on the oth

<p>Headline inflation fell to -0.4% year-over-year Ex food and energy inflation slowed to 0.6% y/y Less demand for some services pushing prices lower Canadian inflation was softer than expected in May with the headline reading slipping even further into negative territory on a year-over-year basis (consensus was for a slight uptick). Lower ga

<p>Canadian consumer prices dipped further into negative territory on a year-on-year basis in May, falling to -0.4% year-on-year (from -0.2% in April). Adjusting for seasonality, consumer prices edged up 0.1% month-on-month. Rising gasoline prices (+16.9%) was the main reason for the increase. Most other items saw prices decline month-on-mont

<p>EURAUD is continuing its aggressive selling interest from the eleven-year peak of 1.9800, achieved on March 19. The price is still moving below the short-term simple moving averages (SMAs) and the stochastic posted a bearish crossover within its %K and %D lines. However, the MACD is gaining some ground above its trigger line but remains [&

<p>GBPJPY appears stalled at the 134.45 barrier – that being the 50.0% Fibonacci retracement of the down leg from 144.94 to 123.97, following the latest deflection on the upper Bollinger band. The present conflicting slopes of the 50- and 100-period simple moving averages (SMAs) and the mostly horizontal bearing of the 200-day SMA, reflect th

<p>The S&P 500 Futures remain on the upside after they advanced further yesterday, as investors were encouraged by upbeat retail sales readings and a news report of a potential one-trillion-dollar infrastructure plan by the government. Meanwhile, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee: “Until the p

<p>US stocks are trying to keep the rally going for a fourth consecutive day even as six states report record new coronavirus cases. Reopening plans in Arizona, Florida, Nevada, Oklahoma, Oregon, and Texas, are not going well after each state posted a record high with new cases. Beijing’s second wave and the escalating situation on [&he

<p>The US 100 cash index (Nasdaq) suffered a small setback last week, after reaching a fresh record high of 10,155, but has since recovered most of its losses. The structure of higher highs and higher lows on the daily chart remains intact, which alongside the upward-sloping simple moving averages (SMAs), keeps the outlook positive. A [&helli