Blogs

USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead.

AUD/USD price action edges higher owing to steadfast appetite for risk despite the major threat that building China tension poses to the Australian Dollar and market sentiment, but a reversal may l…

Gold prices remain perched near seven-year-highs but long-term overbought readings may hinder short-term bullish continuation.

A decisive moment arrives at the 3000 area, which is likely to be the bears’ last chance.

WTI Crude Oil is likely to remain under pressure in June, capped by $34.

Before the announcement of a package of important US economic data today, the USD/JPY is subjected to a downward pressure that pushed it towards the support 107.36 level before settling around the 107.70 level in the beginning of Thursday’s trading.

Japan Jobless (Unemployment) rate for April 2.6% – expected 2.7%, prior 2.5%  Job to applicant ratio for April 1.32 – expected 1.32, prior 1.39 See here for global coronavirus case data

Tokyo area inflation is looked to provide a guide to Japan-wide inflation. I think all you really need to know though is its way below target and showing not much sign of even getting close. 

The UK Times has the report  – UK seeking an alliance of ten democracies – to provide alternative suppliers of 5G equipment and other technologies – To lessen reliance on China Countries UK is approaching include the other G7 constituents plus Australia, South Korea and India.

May survey for Lloyds Bank has npot shown the small improvements seen in other UK business surveys Lloyds monthly business barometer to -33 – matching the lowest ever from December 2008