The EUR/USD range is certainly testing traders’ patience, but those who remain disciplined and keep their powder dry are likely to be presented with a momentum-move relatively soon. Ranges don’t last forever. This is one of the tightest in the euro’s existence and getting tighter as price is wedging up into a triangle. A resolution is closing in. This coming week we have the ECB on Thursday, but there isn’t any grand expectation for it to be a market-moving event. However, as per usual, expect ...
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...
Producer prices in the U.S. increased by more than expected in the month of March, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index rose by 0.3 percent in March after edging up by 0.2 percent in February. more...
Germany's exports and imports decreased unexpectedly in February, figures from Destatis revealed Monday. more...
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