US Producer Price Index Will Drive Today’s GBPUSD Movement
Yesterday, UK data suggested that industrial production slowed down much faster than expected (Chart 1, purple line.) In addition,
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Yesterday, UK data suggested that industrial production slowed down much faster than expected (Chart 1, purple line.) In addition,
Cocoa prices’ recent rally seems to have paused at 12931 USD since the cocoa prices are hovering around 11557
Gold prices are showing increasing signs of weakness. While the stochastic indicator shows that the downward movement is far
Interestingly enough, when speculators’ net long positions Yen positions registered at the Chicago Commodity Exchange are analyzed, the picture
This is mostly because oil bulls are nervous as they associate Trump period with elevated oil production coincided with
Gold prices continue to approach their 50-week moving average (Chart 1, Top Panel, Orange Line) In the same period,
Silver is losing its ability to move upwards due to losing momentum in gold prices. Although silver has been
Speculators’ net positions in the gold market have refrained from rising since the summer months. The fact that the
The significant rise in non-farm payrolls announced from the US today did not trigger a rise in 2 and
The JOLTS job openings data to be released from the US today had continued to decline over the past
The second and third panels in Chart 1 are the stochastic indicators of the EURUSD and the CME net
Confidence indices released from Europe today were more favorable than expected. When we compare this data with the US