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The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls? The weekly price is on strong bearish breakdown: the price broker Ichimoku cloud to below for the primary bearish reversal for testing 0.6966 support level for the bearish trend to be continuing or for the ranging condition to be started. more...
The value of retail sales in Japan was up a seasonally adjusted 2.0 percent on month in March, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.628 trillion yen. more...
The war and high inflation took German consumer confidence to a new historic low, survey results from the market research group GfK showed on Wednesday. The forward-looking consumer sentiment index declined more-than-expected to -26.5 in May from revised -15.7 in April. The expected score was -16.0. The score remained even below the previous record low. more...
The US Dollar (via the DXY Index) closed last week at its highest level in two years, and a lot of that has to do with the Federal Reserve. more...
Crude oil prices weakened as a stronger US Dollar and another drop in the S&P 500 undermined the sentiment-linked commodity. All eyes are on US GDP and the Fed’s preferred inflation gauge next. more...
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