Crude Oil Price Takes Hit, Decoding Hurdles To Fresh Increase
Key Highlights
Crude oil prices declined further below the $80.00 support.
A connecting bearish trend line is forming with resistance at $79.60 on the...
AUDJPY Wave Analysis
AUDJPY reversed from support area
Likely to rise to resistance level 103.00
AUDJPY currency pair recently reversed up from the support area lying between...
WTI Crude Oil Wave Analysis
WTI crude oil reversed from support area
Likely to rise to resistance level 80.00
WTI crude oil recently reversed up with the daily Hammer...
April CPI Preview: The Clock Is Ticking for a September Cut
Summary
A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut...
German Industrial Production Slide Brings Closer ECB’s Rate Cut
German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend.
The...
US Indices Heading Towards Highs
US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly...
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