crude

The US dollar was lifted by the durable goods orders report on Thursday. Data showed that durable goods orders rose 2.7% on the month beating estimates strongly. The USD held steady early into Friday’s trading session. The first quarter…
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The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis, beating estimates of 645,000. New home sales rose to 692,000 in March. February’s figures were…
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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…
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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…
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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.…
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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…
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The US dollar closed last week on a bearish note. Economic data on the day saw the release of the monthly import price data. Monthly import prices advanced 0.6% on the month beating estimates of a 0.4% increase. The gains were spurred by…
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The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to 3.5% previously. The IMF cited several downside risks including Brexit, US-China trade…
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