GBPUSD picks up steam, heads towards important resistance Technical signals improve, but market structure is still neutral GBPUSD has been trading with stronger positive momentum over the past couple of hours, aiming to reach July’s Read more…
The British pound is higher on Friday. In the North American session, GBP/USD is trading at 1.2751, up 0.34%. UK consumer confidence rises The UK consumer remains in a sour mood but the pessimism eased Read more…
Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY stays neutral, as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, Read more…
Daily Pivots: (S1) 0.8636; (P) 0.8661; (R1) 0.8695; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there Read more…
Daily Pivots: (S1) 1.0811; (P) 1.0857; (R1) 1.0891; More… EUR/USD recovered quickly after dipping to 1.0812. Intraday bias remains neutral at this point. On the downside, break of 1.0812 will resume the fall from 1.1138 Read more…
Love her or hate her, one thing is for sure about Martha Stewart: Most everyone knows who she is. And after all, it’s not in every lifetime you can be known as the ultimate homemaker, Read more…
Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further Read more…
Dollar falls mildly in early US trading hours, following the release of core PCE inflation data which indicated a slightly sharper than expected slowdown. However, this weakness in Dollar is somewhat counterbalanced by unexpectedly robust Read more…
Updated at 9:03 AM EST The Federal Reserve’s preferred inflation gauge last month slowed to the lowest pace in nearly three years, although a big jump in consumer spending left at least some concern that Read more…
US personal income rose 0.3% mom or USD 60.0B in December, matched expectations. Personal spending rose 0.7% mom or USD 133.9B, above expectation of 0.4% mom. PCE price index rose 0.2% mom, matched expectations. Core Read more…