Monthly Archives: November 2017

A Look At Releases Today From Eurozone CPI To U.S. PCE

Aside from the news of rocketing to $11,434 before plunging back to $9007, markets are focusing on GBP’s prolonged gains, boosted by talk of an pending deal on the Brexit bill and resolution on the Irish border. Markets turn next to US October , the Fed’s favourite inflation gauge, expected +1.4% from 1.3%. Earlier, Eurozone preliminary Nov rose to 1.5% from 1.4%, undershooting expectations of 1.6%. Bitcoin was gripped by the FOMO phase over the past month and that led to an incredible run that attracted more […]

More info

U.S. Personal Spending Matches Consensus in October, Core PCE in Line By Investing.com

© Reuters. U.S. personal spending rises 0.3% in October, in line with forecasts Investing.com – U.S. consumer spending increased as expected in October, while core inflation also matched consensus, official data showed on Thursday. In a report, the Commerce Department said that increased by 0.3% in October from the prior month, in line with forecasts and compared to the prior month’s 0.9% gain which was a slight downward revision from the initial reading of 1.0%. Consumer spending is the single biggest source of U.S. economic growth, accounting […]

More info

What’s Next For Crude Oil And Natural Gas?

Now What? Despite some made up drama that some people like to make up at these OPEC meetings, the reality is that OPEC and Non-Opec will extend production cuts until the end of the year. OPEC is on track to achieve the goal of totally erasing the global overhang of oil despite doubts from many and may cause a global supply deficit faster than people think. Instead of worrying about an extension of production cuts, the market and OPEC are now focusing on an exit strategy that […]

More info

USD/JPY Likely To Continue Higher; EUR/JPY Lacking Direction

USD/JPY And EUR/JPY Weekly Chart holding just above 111.70/90 and likely to continue higher to strong resistance at 112.30/112.40. Try shorts with stops above 112.80. Failure to hold above first support at 111.80/70 however targets 111.45/35. Below 111.05 keeps the outlook negative for 110.70/60 then 110.40/30 and 110.10/00. lacking any direction for 2 months. First resistance at 132.45/55 but above 132.80 targets 133.10/20 before short term trend line resistance at 133.40/45. First support at 131.40/20 but below here targets 130.60/50 and support at 129.95/85. Source link

More info

‘Gender gap’ hurts small women-owned U.S. businesses: Fed report By Reuters

‘Gender gap’ hurts small women-owned U.S. businesses: Fed report By Jonathan Spicer NEW YORK (Reuters) – A company is more likely to be denied funding and considered a higher credit risk if it is headed by a woman, according to a Federal Reserve report published on Thursday that shines some light on the so-called gender gap among small U.S. businesses. The 2016 survey showed a somewhat self-reinforcing cycle of women facing higher hurdles than men in not only securing loans but also in increasing profits, revenues and […]

More info

EUR/USD Still In Pullback | Investing.com

The daily Forex chart is pulling back to support after last week’s strong breakout above The October 12 major lower high. Less likely, this is the start of a bear trend down from a lower high major trend reversal. The EUR/USD daily Forex chart has reversed down for 4 days. Yet, it is stalling at the support of the October highs and just above the 20-day exponential moving average. Furthermore, the 4-day selloff looks weak compared to the 3 week rally. Finally, trading ranges resist breaking out. […]

More info

Bullish Outlook Mired by Slope Resistance

To receive Michael’s analysis directly via email, please SIGN UP HERE EUR/USD Daily Chart Technical Outlook: EURUSD broke above down-channel resistance (red) on November 14th with the subsequent test and rebound off that slope validating a break of the monthly opening-range highs. The rally stalled at the 1.1947/77 resistance barrier this week and the focus remains on a breach of this threshold to mark resumption of the broader up-trend targeting 1.2167. Interim support and bullish invalidation rests at 1.1790 where the 100-day moving average converges on the […]

More info

Dollar Pares Losses Amid Fading Inflation Jitters By Investing.com

© Reuters. Investing.com – The dollar pared some of its losses against a basket of major currencies on Thursday amid signs that the recent slowdown in inflation could be transitory, strengthening the Federal Reserve’s case to adopt a more aggressive monetary policy tightening path. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.30% at 92.93. The dollar recovered some of its early session losses following a raft of data showing an improvement in manufacturing and the labor market, while […]

More info

EUR/USD Good Opportunity At 1.1810/00; USD/CAD Support At 1.2835/25

EUR/USD And USD/CAD Weekly Chart holding below 1.1870/60 (we topped 13 pips above yesterday) targets a good buying opportunity at 1.1810/00 (missed by just 6 pips yesterday) with stops below 1.1765. An unexpected break lower however targets support at 1.1715/05. Minor resistance at 1.1860/70 but above 1.1885 targets 1.1920 before the 1.1960 high. A break above 1.1970/80 in the bull trend targets 1.2005 and 1.2030/35. above 1.2815/25 is positive in to the end of the week, initially targeting the October/November 1.2905/15 high. A break higher tests important […]

More info
1 2 3 191