Japan's gross domestic product contracted an annualized 0.5 percent on year in the first quarter of 2022, the Cabinet Office said on Wednesday - beating forecasts for a decline of 1.0 percent following the 3.8 percent increase in the previous three months. more...
Gold prices lost upside momentum this past week as the US Dollar rallied. Solid non-farm payrolls report underscored the Fed’s economic confidence. Crude oil prices and May’s US CPI report may keep XAU/USD pressured. more...
Crude oil has managed to end the week on high leaving next week open to fundamental forces from both supply and demand-side factors and a resurgent USD. The daily price for Brent Crude Oil is above 200 SMA in the bullosh area for trying to break 120 resistance level to above for the 131 resistance as the next possible target. more...
UK retail sales and US inflation are major event risks next week. The daily price is located below Ichimoku cloud in the bearish area of the chart: the price is on ranging within 1.2666 resistance level for the bear market rally to be started with 1.2957 target to re-enter and 1.2457 support level for the bearish trend to be continuing with with 1.2165 re-enter target for possible daily breakdown. more...
Job growth in the U.S. exceeded economist estimates in the month of May, according to a closely watched report released by the Labor Department on Friday. more...
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