China's consumer price inflation accelerated more than expected in March and producer price inflation eased further, official data showed on Monday. Consumer price inflation rose to 1.5 percent in March from 0.9 percent in February, the National Bureau of Statistics reported. The rate was also above the economists' forecast of 1.2 percent. more...
WTI and Brent crude oil prices fell for a second week amid growing concerns over the global economic rebound. A more aggressive Federal Reserve outlook amplified the worry following the recent series of yield curve inversions. Daily price for Brent Crude Oil is located inside Ichimoku cloud for the ranging market condition: the price is trying to break bearish triangle pattern with support level at 98.44 to below for the primary bearish ...
The European Central Bank policy decision, and press conference, next week look set to be a particularly testing meeting for ECB President Lagarde as she tries to find a policy balance to dampen down rampant inflation while propping up a weak growth outlook. And this comes at a time when other major central banks are already or are fully prepared to, hike interest rates in ever-increasing increments. Daily price is located below Ichimoku ...
The near term outlook remains bullish for the US Dollar as rate differentials continue to move in favour of the greenback. By the way, the daily GBP/USD price is on secondary ranging located near and below monthly Pivot level (monthly PP) at 1.3218 and above S1 level at 1.2999. - If the daily price breaks monthly PP level at 1.3218 to above so the daily bullish reversal will be started. - If the daily price breaks S1 level to below so the ...
Gold prices rose about 0.7% on the week to trade around $1945. U.S. dollar strength and rising yields were offset by geopolitical risk and recession fears. So, near-term trading outlook for XAU/USD is neutral. The daily price is on secondary ranging to be located in the primary bullish area of the chart with near and above Ichimoku cloud for trying to break 1,949 resistance level to above for the strong bullish trend to be resumed. Alternatively, ...
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