technical analysis

Despite posting some modest losses on the day, the USD was seen holding steady. Economic data on the day saw the NY Fed manufacturing index falling sharply. Losing over 26 points, the regional Fed manufacturing index for New York fell to… Read More

The greenback firmed further on Friday closing in the green. The dollar was supported by retail sales data which beat estimates. Retail sales grew 0.5% in May, up from a revised 0.3% in the month before. Core retail sales advanced 0.5%… Read More

Gold The yellow metal continued to explode higher this week as weakness in the US dollar was further exacerbated by soft data. Earlier in the week, US CPI for May came in lower than projected at 1.8% vs 1.9% expected on the headline… Read More

The US dollar index was seen posting gains on Thursday. This came despite import prices falling 0.3% on the month while the weekly unemployment claims rose higher than forecast. Investors look to the monthly retail sales report due later in… Read More

US Oil Inventories Continue Rising Crude oil prices fell again on Wednesday on weak demand and lingering fears of an economic slowdown, the Energy Information Administration reported for the week ending June 7. US inventories continued… Read More

Risk aversion was back in the markets with the safe haven assets outperforming. The US dollar index was also seen rising on the day on Wednesday. Trade spats from Washington and Beijing lowered the prospects of any trade deals that could be… Read More

The markets were seen trading mixed on Tuesday as equities paused in their rally and gold managed to post some modest gains on the day. With the producer prices index coming out lower than expected, focus turns to today’s inflation report.… Read More