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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...
Germany's exports rebounded at a stronger than expected pace in April despite sanctions imposed on Russia dampening trade in Europe. Exports advanced 4.4 percent on a monthly basis, in contrast to the 3.0 percent decline posted in March, data from Destatis showed on Friday. Shipments were expected to grow only 1.5 percent. more...
New Zealand's terms of trade improved 0.5 percent on quarter in the first three months of 2022, Statistics New Zealand said on Thursday. more...
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