GBPUSD increases odds of bullish continuation. A break above 1.3440 could hand over control to the bulls. GBPUSD has broken above a bearish channel, as Moody’s credit downgrade of the US economy and improving EU-UK trade relations have brought bullish momentum into play. A close above the 20-day simple moving average (SMA), along with a […]
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Headline CPI inflation for April came in at 1.7% year-on-year (y/y), down from 2.3% y/y in March but above expectations for a 1.6% y/y print. The deceleration was due to gasoline prices tumbling 18.1% y/y Read more…
You don’t have to be a genius or a member of Mensa to assess the current state of the American shopping mall. If you’ve been to one recently — or, really, if you’ve just switched Read more…
Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already Read more…