Partly reflecting a substantial rebound in utilities output, the Federal Reserve released a report on Tuesday showing a slightly bigger than expected increase in U.S. industrial production in the month of March. The report said industrial production climbed by 0.5 percent. more...
After reporting a sharp pullback in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts rebounded in the month of March. The report said housing starts jumped by 1.9 percent to an annual rate of 1.319 million. more...
China's gross domestic product expanded a seasonally adjusted 1.4 percent on quarter in the first quarter of 2018, the National Bureau of Statistics said on Tuesday. more...
The broader bearish view would resume on a break below the April opening range low at 105.65 that aligns closely with the daily Tenkan-Sen (26-day midpoint) at 106.06 as key support. Should the price close below these levels, it would be difficult to argue that the trend is not continuing lower and could soon press towards the long-term Fibonacci target of 104.20. We typically take a contrarian view to crowd sentiment, and the fact traders ...
Lazy mornings on the Cambodian island of Koh Rong Sanloem
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