The S&P 500 index attempts to retrace the decline from the start of the month even as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace, but fresh data prints coming out of the US may drag on equity prices as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month. The daily chart is located near and above Ichimoku cloud in the bullish area of the chart by the ...
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 ...
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