With high inflation and increased interest rates stalling the housing market, the National Association of Home Builders released a report on Monday showing a substantial deterioration in U.S homebuilder confidence in the month of July. more...
The UK unemployment rate remained unchanged in three months to May, data from the Office for National Statistics showed Tuesday. more...
The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action. more...
The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then? Weekly price is on strong bullish trend by breaking the bullish triangle pattern to above: if the resistance level at 137 is crossed by the price to above on close weekly bar so the strong bullish trend will be continuing, alternatively - the price will be on ...
Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline. The weekly price is continuing with the secondary correction within the primary bullish trend by trying to break 1,732 support level to below for the correction to be continuing. more...
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