Range trading continues in USD/CHF and intraday bias remains neutral. On the upside, break of 0.8150 will resume the rally from 0.7660 and target 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. However, firm Read more…
Restaurant chains are finding that one of the fastest ways to get customers talking is to bring back something they thought was gone. The charm of nostalgia is not lost on customers, and restaurant chains Read more…
Intraday bias in AUD/USD is turned neutral with current retreat. On the upside, firm break of 38.2% retracement of 0.7277 to 0.6864 at 0.7022 will target 61.8% retracement at 0.7119 next. On the downside, however, Read more…
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…