RBNZ to Deliver Some Pre-Xmas Cheer in November

Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. It cleared a key bearish trend line with resistance […]

This week’s national accounts confirmed our view that the domestic economic is soft, especially the consumer. Pressures on households should start to ease in the period ahead. The big-picture themes from the national accounts for the December quarter were largely as expected. The Australian economy is soft, expanding just 0.2% in the quarter and 1½% […]

USDJPY rises above downtrend line MACD stands well above its trigger line 20- and 50-period SMAs post bullish cross USDJPY advanced considerably in the previous 4-hour session, surpassing the 146.50 barricade. Also, the 20- and 50-period simple moving averages (SMAs) posted a bullish crossover, and the technical oscillators are holding well above their mid-levels. The […]