Sergey Golubev / Blog
Business confidence in New Zealand declined sharply in June, the latest survey from ANZ revealed on Monday - falling from 53.5 in May to 42.8 in June. Analysts suggest that the Reserve Bank of New Zealand's actions to raise interest rates are primarily responsible for the decline...
The EUR/USD pair broke higher during the course of the week, but still remains stuck in the consolidation area we have been in for several weeks now. It is not until we get above the 1.37 level of that we feel comfortable buying this market on more of a longer-term move. A break down below the 1...
Kitco News readers and some analysts expect gold prices to push higher through the second half of the year, building on its recent momentum. With the second half of 2014 starting Tuesday, Kitco News queried readers and analysts this week about their year-end price forecast...
The Nikkei fell during the course of the week, but found the ¥15,000 level to be supportive. It appears that the market is trying to grind its way higher, but there is a significant amount resistance just above, so this could be a market that has to fight a little bit to get to where wants to go...
Fundamental Forecast for Dollar: Neutral Nonfarm Payrolls are one of the most market-moving US releases, but what does that mean for a market not moving...
The euro moved higher against the broadly weaker dollar on Friday as concerns over the outlook for U.S. economic growth continued to weigh, despite a report showing that U.S. consumer sentiment improved this month. EUR/USD ended Friday’s session at 1.3649, up 0.28%. For the week, the pair added 0...
The light sweet crude market initially gapped higher at the open of the week, but old backwards and fell down to the $105 level...
The USD/CAD pair fell during the course of the week, and in fact close that the very bottom of the range. This of course is a very negative sign, and with that it appears this market is really struggling to find buyers...
The Japanese economy released another set of data this week and confirmed what Bank of Japan Governor Haruhiko Kuroda was talking about when he mentioned that the sales tax increase from 5% to 8% earlier this year is causing economic fluctuations...