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Spain unemployment declined sharply in June to the lowest since October 2008, the labor ministry reported Monday. more...
The price of oil has fallen roughly 20% from the 2022 high ($130.50). Crude may face a further decline over the coming months as rising output is met with easing demand. Weekly price is on bullish ranging within 115 resistance level for the bullish trend to be continuing and 104 support level for the secondary correction to be started. more...
The Dollar performed exceptionally well through the first half of 2022 – and more broadly over the preceding year. The fundamental stars aligned between a leading Fed tightening regime, perceptions of a greater cushion for the US economy amid forecasts of a global slowdown and the reliability of the currency’s renowned safe haven status - all of these elements are still in play heading into the second half of the year, but the relative potential has deflated. ...
The Euro has steadily depreciated against a basket of major currencies since Dec. 2020. In the second quarter of 2022, European officials finally signaled a readiness to act as regional CPI inflation roared to record highs. It would go on to hit an eye-watering rate of 8.1 percent in May. The Euro found a floor and began to inch upward as rate hike expectations began to be absorbed into prices. more...
The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. Going into the third quarter, the latest year-on-year headline CPI for the US is 8.6% and 5.1% for Australia. The weekly AUD/USD price is on ranging near and around 200 SMA for the waiting for the direction of the bullish trend to be resumed (by crossing Fibo level at 0.7211 to above) or the primary bearish ...
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