Japan Monetary Base (YoY) dipped from previous 19.8% to 19.4% in May

Gold drifts weaker in Asia, yuan eyed as buying cue

Investing.com - Gold drifted weaker in Asia on Friday as investors kept a close eye on the yuan after it surged to a near seven-month high on Thursday for signs the stronger currency may lead to some bullion buying. Gold futures for June delivery on the Comex division of the New York Mercantil ...

AUD/NZD: a bearish case – Nomura

Analysts at Nomura are bearish AUD/NZD. Key Quotes: "We re-entered short AUD/NZD positions this week." "The fundamental backdrop continues to favour NZD over AUD, with New Zealand domestic growth momentum more positive and commodity prices firming." "We continue to expect ...

AUD/USD: in heavily bearish territory, capped 0.7450’s eyeing 0.73/3065

Currently, AUD/USD is trading at 0.7379, up 0.08% on the day, having posted a daily high at 0.7385 and low at 0.7372. AUD/USD fell into highly bearish territory in yesterday's trade after the series of domestic and Chinese data was digested.  In Asia, the Aussie was fragile but got a lif ...

U.S. crude down in Asia on climate change, supply cues awaited

Investing.com - U.S. crude fell in Asia on Friday after President Donald Trump abandoned a 2015 pact between 195 nations to tackle climate change and investors awaited further supply cues. On the New York Mercantile Exchange crude futures for June delivery slipped 0.95% to $47.90 a barrel, while o ...

Ireland Consumer Confidence dipped from previous 102 to 100.5 in May

USD/NOK buyers could defend SMA crossover

The advance in USD/NOK prompted its 100-hr SMA to cross above the slower 200-hr SMA.The low prices printed on hourly charts are at a converging distance to the “Golden Cross”. This price level is likely to underpin the USD/NOK rate as buyers find support at the confluence. The risk scenario is set o ...

South Korea Gross Domestic Product Growth (QoQ) : 1.1% (1Q) vs 0.9%

South Korea Gross Domestic Product Growth (YoY) climbed from previous 2.7% to 2.9% in 1Q

EUR/JPY’s near term outlook is neutralising? – Commerzbank

Analysts at Commerzbank suggested that EUR/JPY’s near term outlook is neutralising.  Key Quotes: "Last week it failed to clear the 125.81 May high." "We would allow for slippage to 122.56 last weeks low and potentially the 121.05 55 day ma, but suspect that it will hold i ...

NZD/USD: back below the 20 4hr sma a turning point?

Currently, NZD/USD is trading at 0.7063, up 0.05% on the day, having posted a daily high at 0.7067 and low at 0.7059. Wall Street closes higher on robust data NZD/USD has started to turn south and test the previous resistance of the 24th highs. The dollar has made a come back with positive dat ...

United States Total Vehicle Sales below expectations (16.9M) in May: Actual (16.7M)

United States Total Vehicle Sales below forecasts (16.9M) in May: Actual (16.66M)

Momentum extreme in AUD/NZD

The daily AUD/NZD rate carried the MACD oscillator into new low ground hitting a one year record.Equally bearish and significant is the MACD histogram reaching a six months low.Despite a still defiantly bearish trend we have seen a nascent reversal patterns unfold: the slightly higher oscillato ...

United States Total Vehicle Sales below forecasts (16.9M) in May: Actual (16.07M)