Month: June 2022

DXY: On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 106.035 where the 127.2% fibonacci extension and 61.8% fibonacci projection Read more…

China industrial production rose 0.7% yoy in May, much better than expectation of -1.0% yoy decline. Retail sales dropped -6.7% yoy, above expectation of -7.3% yoy. Fixed asset investment rose 6.2% ytd yoy, above expectation Read more…

Australia Westpac Consumer Sentiment dropped from 90.4 to 86.5 in June. Over the 46-year history of the survey, the reading was only at or below this level during “major economic dislocations”, including during COVID-19, the Read more…

The Federal Reserve is undoubtedly expected to approve another jumbo-sized rate hike at the conclusion of its policy meeting on Wednesday at 18:00 GMT. Following the latest surprise pickup in inflation, investors have immediately become Read more…

Need to know – Thursday 04:00 AEST / Wednesday 13:00 BST with Jay Powell’s press conference at 04:30 AEST. Broad Expectations – Of 94 economists polled by Bloomberg, eight have a 75bp (or 0.75%) hike Read more…

Reformulated Blendstock for Oxygenate Blending, or RBOB (pronounced R-BOB), Gasoline Futures have been on the minds of many people lately.  RBOB has been moving aggressively higher since December 2, 2021 when the futures product made Read more…

GBPUSD broke support level 1.2175 Likely to fall to support level 1.1945 GBPUSD currency was under bearish pressure after the pair broke the support level 1.2175 (which stopped wave 3 in the middle of 2022). Read more…

EURGBP broke resistance level 0.8585 Likely to rise to resistance level 0.8700 EURGBP currency continued to rise strongly after this currency pair broke above the key resistance level 0.8585 (which has been repeatedly reversing the Read more…