Fundamentals will determine the new range, we do not believe we will continue Trending.. we believe we will have a Range at 1.46-1.52
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Producer prices were up 1.2% in July, double the 0.6% expected in financial markets, but down from the 1.8% rise recorded in June. Energy prices did contribute to some of the upward pressure, rising 3.1% in the month. The bigger surprise was the 0.7
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Daily Market Commentary
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In July, U.S. housing starts fell 11% to 965K, which was more or less in line with market expectations. Building permits posted a much larger 17.7% drop to 937K in July. This sharp drop was largely the result of some give back from the massive expan
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Japan?s All Industry Activity Index printed in line with expectations at -0.9% in June. Australia?s Westpac Leading Index printed at 0.1%, suggesting the...
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Now is the time to position for bullish breakouts in a number of Euro crosses. The EURGBP, EURCHF, and EURAUD are present the best opportunities.
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Back under 1.4700 levels, looks like those levels are the most convenient at the time being with investors not thinking about buying the Euro till they see whether the zone growth will pick up pace or not. It's obvious that the US dollar is stronger
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For those interested in seeing how the Wave Principle enabled Bob to anticipate the current wave of economic turmoil befalling the United States, Prechter’s Perspective outlines the following forecasts:
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Just when the US housing market was showing some signs of recovery, the fundamentals headed back south. Housing starts quickly fell after seeing some gains in June. The annual pace of new housing construction fell to 965,000, the lowest level since
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While the Japanese central bank chose to keep its benchmark rates unchanged at 0.50% overnight in a decision that was widely anticipated by the markets, the accompanying statement was rather gloomy as both economic situation and economic outlook ass
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The recent positive trader sentiment towards the dollar has subsided a little this week, and it seems that is due to the severity of the moves over the last five weeks; time is needed, it seems, to monitor and define the overall momentum and ability
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Producer Price inflation in Germany has increased since last month by 2.0%, while analysts expected 0.7%. The previous released number came in at 0.9%, unrevised. Year-over-year, the PPI rose to 8.9%, from 6.7% released in June. The large upward pre
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