Intraday bias in USD/CAD remains neutral first. While correction from 1.4247 might extend lower, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. On the Read more…
When gas prices go up, consumers generally shift their spending away from other areas because, in many cases, driving isn’t optional. “Faced with higher gasoline bills, some households may be inclined to trim their spending Read more…
Intraday bias in GBP/JPY is turned neutral with with current retreat, and some consolidations would be seen below 219.56. Downside should be contained by 216.39 support to bring another rally. On the upside, break of Read more…
EUR/JPY is still bounded in sideway trading and intraday bias stays neutral. While the price actions from 182.10 are looking corrective, stronger rebound cannot be ruled out. On the upside, firm break of 186.30 will Read more…
AEI’s Andrew Biggs, CRFB’s Marc Goldwein and CBPP’s Kathleen Romig break down what Social Security’s “crisis” really means—because it’s not simply “bankruptcy.” The core issue is a funding timing problem: the program’s trust fund is Read more…
Intraday bias in EUR/GBP is turned neutral first with current recovery. Some consolidations would be seen above 0.8453. But outlook will stay bearish as long as 0.8615 support turned resistance holds. Sustained break of 61.8% Read more…
Intraday bias in EUR/AUD remains neutral first. On the downside, firm break of 1.6307 support that rebound from 1.6108 has completed at 1.6617. Deeper decline should the be seen to retest this low. On the Read more…
EUR/CHF is staying in consolidations below 0.9278 and intraday bias remains neutral. Downside should be contained by 0.9210 support to bring another rise. Above 0.9278 will resume whole rally from 0.8979 to 100% projection of Read more…
Bank of America watches about 38.7 million checking accounts. That’s not a marketing number. It’s the size of the window the bank has into how ordinary Americans are actually spending their money, week by week. Read more…
The Australian dollar has clawed back most of its end-of-June losses, when it touched three-month lows against the greenback amid escalating Middle East tensions. Since then, sentiment has improved: the RBA’s Assistant Governor Sarah Hunter Read more…