Technical Analysis FR40 : 2020-05-28
French economic data in the last couple of weeks painted a picture of an economy in dire straits but showing signs of easing of the steep downturn. According to Markit, France’s Manufacturing PMI...
View ArticleTechnical Analysis NIKKEI : 2020-05-29
Japanese economic data of the last couple of weeks were mixed. Machinery orders declined less than forecast in March, while trade deficit narrowed in April. On the other hand, drops in both industrial...
View ArticleTechnical Analysis NZDUSD : 2020-05-29
New Zealand business confidence improved in a May: it rose to -41.8 points after edging up to -45.6 in April. Readings above 0.0 indicate optimism, below indicate pessimism. This is bullish for...
View ArticleTechnical Analysis GBPUSD : 2020-06-01
UK manufacturing PMI for May was revised upward: manufacturing PMI for May was revised up from preliminary reading of 40.6 to 40.7. This is bullish for...
View ArticleTechnical Analysis #C-WHEAT : 2020-06-01
The European Commission also reduced the forecast for wheat exports to 26.5 million tons from 28 million tons. In the World Agricultural Supply and Demand Estimates report for May, the US Department of...
View ArticleTechnical Analysis AUDUSD : 2020-06-02
Australia’s current account surplus rose more than expected in first quarter: the current account surplus jumped to A$8.4 billion in Q1 from A$1.7 billion for the last three months of the 2019, when an...
View ArticleTechnical Analysis #C-CORN : 2020-06-02
Argentina is the 4th largest producer and exporter of corn in the world. Paraguay grows not much corn, but it takes the 11th place in its exports to the world. The US Department of Agriculture (USDA)...
View ArticleTechnical Analysis XAUUSD : 2020-06-03
Global downturn is easing as governments began to ease the tough coronavirus-led lockdown measures. While factory activity still contracted globally in May, contraction slowed as evidenced by...
View ArticleTechnical Analysis EURUSD : 2020-06-03
Euro-zone’s unemployment rose less than feared in April: the unemployment rate rose to 7.3% from 7.1% in March, when an increase to 8.2% was expected. This is bullish for...
View ArticleTechnical Analysis &CNHJPY : 2020-06-03
The upward movement occurs with the yuan strengthening against the US dollar and the yen weakening. Chinese currency rises in price as chances to soften the political situation in Hong Kong increase....
View ArticleTechnical Analysis SP500 : 2020-06-04
US economic data in the last couple of weeks were not as bad as feared. US Institute for Supply Management (ISM) report showed its manufacturing index rose to 43.1 in May from an 11-year low of 41.5 in...
View ArticleTechnical Analysis EURUSD : 2020-06-04
Euro-zone retail sales continued to fall in April: retail sales dropped 11.7% over month after 11.1% decline in March. This is bearish for EURUSD. IndicatorVALUESignalRSINeutralMACDSellDonchian...
View ArticleTechnical Analysis #C-SOYB : 2020-06-05
China is the world top soybean importer, and its April imports from Brazil were nearly triple March shipments of 2.099 million tons(mt). China bought 5.939 mt of soybean from Brazil in April, according...
View ArticleTechnical Analysis USDCHF : 2020-06-05
Switzerland’s consumer prices remained unchanged in May: the consumer price index remained unchanged over month in May after 0.4% decline in April, when an 0.1% increase was expected. This is bullish...
View ArticleTechnical Analysis GBPUSD : 2020-06-08
British consumer confidence fell in May: GfK Consumer Confidence index dropped to -36 after falling to -34 in April, when no change was expected. This is bearish for GBPUSD....
View ArticleTechnical Analysis XAGUSD : 2020-06-08
As a rule, the value of precious metals moves in the opposite direction to the dollar index. Investors regard them as an alternative to the American currency. In May, the number of new jobs in the US...
View ArticleTechnical Analysis AUDNZD : 2020-06-09
The downward movement on the chart means the strengthening of the New Zealand dollar against the Australian dollar. On Monday, the authorities of New Zealand reported the absence of patients with...
View ArticleTechnical Analysis EURUSD : 2020-06-10
Euro-zone Q1 GDP contraction was revised downward: euro-zone economy shrank by 3.6% on quarter in the first three months of 2020, after a second estimate of a 3.8% contraction and following a 0.1% Q4...
View ArticleTechnical Analysis &XAGJPY : 2020-06-10
The fall of XAGJPY on the chart means that the yen is “stronger” than silver. At present, both silver (as a precious metal) and the Japanese yen are regarded by market participants as protective assets...
View ArticleTechnical Analysis #C-COCOA : 2020-06-11
Lower than usual rainfall in Ivory Coast last week highlighted need for more rain to boost the crop. Ivory Coast is the world’s top cocoa producer. The International Cocoa Organization (ICCO) cut its...
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