Forex Weekly Outlook May 16-20 The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. UK inflation data: Tuesday, 8:30. CPI in the UK is expected to rise by 0.5% in April.US Building Permits: Tuesday, 12:30. The number of building permits is expected ...
What is a Japanese Candlestick in Forex Trading Candlestick charts are the most common chart types used by retail traders and investors. There are other types of charts such as line charts, bar charts etc., but they don't tell the story of past price action like candlesticks do. When trading is based on technical analysis, the decisions for future price action are made based on how the price has reacted in the past. I find candlesticks ...
China Oil Imports Rise as Teapot Refinery Demand Overwhelms Port Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of the country’s biggest ports with tanker traffic. Inbound shipments during April totaled 32.58 million metric tons, data from the Beijing-based General Administration ...
Dollar Index Technical Analysis - daily ranging bearish, weekly ranging near reversal "The USD is stuck at the bottom of the so-called ‘dollar smile’, which links its path to the performance of the US and global economy as well as the risk sentiment of investors.""We therefore expect USD to appreciate again against G10 commodity currencies as investors start questioning the Fed's ability to fall further behind the curve and the sustainability ...
Week Ahead: The question about the importance of the ‘Yellen put’ as a driver of the risk rally will become more relevant next week "The question about the importance of the ‘Yellen put’ as a driver of the risk rally will become more relevant next week when US data could highlight the temporary nature of the latest economic slowdown and the continuing tightening of US labour market conditions. Given how entrenched the latest USD-bearishness ...
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