technical analysis

With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data is sparse with only the release of the US new home sales report later in the day. The quiet… Read More

Gold The yellow metal was heavily lower this week. A strong rally in USD saw the precious metal breaking down below key technical support.  The main driver behind the USD rally was the release of Retail sales data for March. This saw… Read More

The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail sales report surprised with an increase of 1.6% on the month, while core retail sales were up… Read More

Crude oil prices were lower this week despite the latest industry report showing a drawdown in crude oil inventories. The report from the Energy Information Administration, covering the week ending April 12th, showed that US crude stocks… Read More

The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace of 6.4% beating estimates of 6.3%. Industrial production grew 8.5% on a year over basis.… Read More

The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand showed that the consumer price index rose 0.1% in the first three months of the year. This was… Read More