A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. increased by less than expected in the month of March. more...
Chicago-area business activity grew at a slightly faster rate in the month of April, according to a report released by MNI Indicators on Monday. more...
The EURUSD range of 2018 has been a frustration to many traders, however, EURUSD did at long lost make a break through the YTD low at 1.2154, forming a near term base at 1.2050 (200DMA) after breaching the 2017 peak at 1.2093. The question among traders is whether this will be a sign for a bearish trend forming? Looking ahead to next week, the key risk event will be the FOMC meeting and as is usually the case on the first Friday of a new ...
Trading the News: U.S. Gross Domestic Product (GDP) Updates to the U.S. Gross Domestic Product (GDP) report may curb the recent weakness in EUR/USD as the growth rate is anticipated to slow to an annualized 2.0% from 2.9%. Bear in mind, market participants may put greater emphasis on the core Personal Consumption Expenditure (PCE), the Fed’s preferred gauge for inflation, as the reading is projected to increase 2.6% during the first three-months ...
The Euro recoiled from two-month trend line resistance against the US Dollar but sellers are still unable to punch through long-standing congestion area support. The symmetric Triangle setup noted last week seems to be invalidated however, marking a small but noteworthy bearish update of near-term positioning. From here, a daily close below the 1.2154-73 area (March 1 low, 38.2% Fibonacci expansion) exposes the 1.2055-70 zone (50% level, ...
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