2019

With the government's budget announced last Tuesday, the next political event for Australia is the impending federal elections for the Senate and House of Representatives. Australia has a somewhat complicated electoral process. And,…
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Horizontal resistance comes in at 79.85 and prices remain supported by the Ichimoku cloud.
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Investors will be looking to the March payrolls report coming out of the United States and Canada later today. Both economies have seen a slower pace of growth in the first few months this year. But the labor market remains one of the…
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The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000. This was the lowest level since 1969 for the week ending March 30. US President Trump said that…
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Coming up tomorrow is the release of some important data for gauging Japan's economic performance, as we are still waiting for Q1 GDP numbers. The incoming data includes February household spending and labor cash earnings. It's the last…
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USDJPY trading within triangle formation. Weekly:  Price action continues to trade within a large triangle formation. The sideways consolidation has continued despite the significant spike lower to 104.65. A re-test of the top of the…
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The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM’s non-manufacturing PMI was also lower, rising to 56.1 and…
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The European Central Bank will be releasing its monetary policy meeting accounts today. The minutes cover the monetary policy meeting held in early March. Back then, policymakers in the eurozone decided to leave all key interest rates…
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