Cuthbert

US Durable Goods Orders data Overview The Durable Goods Orders for July is due for release today at 12:30 GMT. Economists expect fresh orders for durable goods have declined again, but at a moderate pace of 4%, compared to a 9.3% contraction seen in June. The Durable Goods Orders data measures the c

In today’s Market Outlook, let’s take a look at Forex Trading on the S&P500, the NASDAQ, AUD/USD, USD/JPY, GBP/USD, and EUR/USD. I am always telling traders and students to follow the speeches after economic news and during major events. After Jerome Powell spoke at Jackson Hole last week, look

According to figures published this week by the International Copper Study Group, mine production rose by 2.7% in the first half of this year compared with the same period last year. Production rose significantly in the Democratic Republic of Congo (9.5%) and Mongolia (31%) in particular, due to exp

July's macro data bolsters the case for the National Bank of Poland to continue its monetary easing path. Growth in industry remains slow, construction is still stagnant, wage increases have eased, and the employment decline has deepened. We expect a 25bp cut in early September, with the policy rate

Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that despite an overall improvement in business sentiment through the midpoint of the year, many firms are still not ready to resume a strong pace of hiring. A constant cycle of ever-changing tariffs surpressed the mood

A sharp plunge in industrial production data suggests that the initial signs of an inventory cycle turn were mainly driven by US frontloading rather than a genuine cyclical recovery. Industrial weakness looks set to continue. Just-released macro data for the eurozone provides both a look in the rear

US Dollar (USD) traded a touch firmer overnight, but the moves were well within recent range. DXY was last at 98.50 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Sideways trading in the interim "Range-bound trade suggests that markets see little risk-reward in pre-positioning

Markets US July inflation numbers lead today’s agenda. Consensus expects headline CPI to rise by 0.2% M/M with annual figure ticking up from 2.7% to 2.8%. Core CPI is estimated to accelerate to 0.3% M/M and 3% Y/Y (from 2.9%). It’s the second of three Summer inflation reports which Fed Chair Powell

WTI Crude Oil rises on Monday, breaking a seven-day losing streak and rebounding from a two-month low.Market focus shifts to US-Russia peace talks on Ukraine scheduled for August 15 in Alaska.WTI faces immediate resistance at Friday’s high of $63.89, with further hurdles at the 100-day SMA ($64.48)

S&P 500 couldn‘t really retest 6,360s Friday, it just rose with two intraday exceptions in a straight line. 6,430s would be the logical area to clear to maintain the upswing(‘s bullish prospects) – so what are financials, tech and industrials doing while the dollar is carving out a local bottom

Executive summary Crude oil has been consolidating the May rally. We suspect a bounce rally may develop above $64.03. A break below $64.03 opens the door to $58.50. Current Elliott Wave analysis The analysis of Crude oil on the daily chart suggests that we are observing a corrective consolidation pa