The second estimate of fourth quarter real GDP expanded by 2.7% quarter-over-quarter (q/q, annualized) – a slight downward revision from the 2.9% reported in the Bureau of Economic Analysis’s advance estimate. Consumer spending growth was Read more…
The Dollar Index has risen 3.8% to 104.5 from its lows in early February. Prior to that, the dollar index had been falling since late September, giving back half of the gains from the global Read more…
The Dollar Index has risen 3.8% to 104.5 from its lows in early February. Prior to that, the dollar index had been falling since late September, giving back half of the gains from the global Read more…
Crude down 8% since last Monday, when Biden’s administration said it is selling 26 m barr. of oil from SPR. Price testing key trendline support of a bearish triangle, which signals for more weakness in Read more…
Crude down 8% since last Monday, when Biden’s administration said it is selling 26 m barr. of oil from SPR. Price testing key trendline support of a bearish triangle, which signals for more weakness in Read more…
AUDUSD had been staging an impressive rebound, trading within an upward sloping channel since mid-October. Nevertheless, the pair experienced a moderate pullback in the short term, with the price escaping its pattern to the downside to Read more…
WTI crude falls as ongoing global rate increases weigh on growth and demand prospects. The latest bounce from 75.50 has failed to clear the support-turned-resistance of 77.60, and a drop below its origin means that Read more…
Since forming the low on September 28, 2022, Gold has rallied and the structure of the rally from 2022 low looks impulsive. It ended the rally on 2.2.2023 high at 1959.74. Since then, Gold has Read more…
Daily Pivots: (S1) 162.09; (P) 162.84; (R1) 163.29; More… Intraday bias in GBP/JPY is turned neutral with a temporary top formed at 163.73. The favored case is still that correction from 172.11 has completed with Read more…
Daily Pivots: (S1) 162.09; (P) 162.84; (R1) 163.29; More… Intraday bias in GBP/JPY is turned neutral with a temporary top formed at 163.73. The favored case is still that correction from 172.11 has completed with Read more…