The fundamental forecast for the Euro next week is neutral as the US CPI bounce fades. The daily price is on ranging near and below Ichimoku cloud for trying to cross the resistance level at 1.0368 to above for the primary daily bullish reversal. Alternatively, the price will be on secondary ranging waiting for the direction of the strong trend to be started. more...
Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July. more...
The British Pound is in for a rough ride next week with the latest employment, wages, retail sales, and inflation data all set for release. The high impacted news events for the next week are the following: - United Kingdom Claimant Count Change, and - United Kingdom Retail Sales. more...
The Australian Dollar finished higher last week after US inflation data excited markets and sent the US Dollar lower, lifting AUD/USD. Will the US Dollar dominate AUD/USD? The daily price broke Ichimoku cloud to above for the primary daily bullish reversal. The price is testing resistance level at 0.7135 to above for the bullish trend to be continuing. more...
Food prices in New Zealand were up 7.4 percent on year in July, Statistics New Zealand said on Friday - accelerating from 6.6 percent in June. more...
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