Will GBPAUD Climbing Continue or Will It Reverse To Test Support Again?
EURAUD Climbing Intact. Will It Breach Support Line?
ZR1! rice is declining as it consolidates in the triangle
Will USDHKD Fall Bank Into the Uptrend Channel it Had Breached Out From?
UK services and construction activity accelerated in April. UK economic data were mostly weak lately. The inflation slowed in March as did the GDP growth in the first quarter. However while the UK manufacturing sector expansion slowed in April the activity in the construction sector rebounded in April. The purchasing managers' index for the construction industry...
The Reserve Bank of Australia left the interest rate at 1.5% and the policy unchanged at its April 3 meeting. A major economic update after the central bank decision has been negative: the consumer price index in Australia increased 0.4% percent on quarter in the first quarter of 2018, slower than the 0.6% increase in the previous quarter. And before that the...
US Department of Agriculture revised its world cotton opening stocks downwards by 900,000 bales for April, according to the WASDE report. At the same time the USDA downgraded its forecast for world ending stocks for 2017-18 by 600,000 bales. Lower world inventories are bullish for cotton prices. On the daily timeframe the Cotton: D1 has been retracing following...
International trading companies forecast an increase in Indian and Thailand sugar production. Rabobank estimates Indian sugar output will be 4.0 million tons higher at 31.7m tons in 2017-18. The estimate for Thai output was raised by 900,000 tons to 13.5m tons, and the forecast for European Union production in 2017-18 was upgraded by 400,000 tons to 20.9m tons....
Corn prices rose sharply on Thursday after the US Department of Agriculture's weekly sowings and stocks reports. The sowings report indicated US farmers plan to reduce corn sowings by 2.14m acres to 88.03m acres, below an expected 89.42m acres. Farmers cited intentions to switch to cotton and wheat, which command relatively higher prices, as the primary reason....
Australian economic data have been mostly weaker than expected recently: the Australian economy grew 0.4% over quarter in the last three months of 2017 when 0.6% growth was expected, and retail sales in January rose just 0.1% on month when 0.4% growth was expected after 0.5% drop in December. The turning of the balance of trade deficit of over 1 billion...