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Currencies EUR/USD: The pair is trading below its downward trend line on a 4 hour time frame. The next support is near the 1.1141 level and the resistance is at 1.1495. USD/JPY: The pair has...
European markets are expected to open higher this morning as they are powered by optimism that bank earnings may not be as bad as many were expecting. Is this the same old story under which firms...
Forex News and EventsAUD hold ground amid strong jobs report The Australian dollar demonstrated resilience on Thursday as it was able to hold ground against the strengthening US dollar. With the...
The equity rally to continue in AsiaAfter an impressive night for European and US equities, the S&P 500 now sits just 2.4% off its all-time highs. Quite an impressive feat considering there is...
After initially extending its recent recovery gains against the major currencies, the US dollar began consolidating in the European morning. An unexpected shift by the Monetary Authority of Singapore,...
Market BriefCrude oil extended losses in Asia amid rising US stockpiles. The US gauge, the West Texas Intermediate, fell more than 2.5% to $41.25 a barrel as US crude inventories rose 6.6 million...
Taxing the Rich: A History of Fiscal Fairness in the United States and Europe (Russell Sage Foundation and Princeton University Press, 2016) lends some perspective to what is today a burning question,...
EUR/JPYToday’s support: - 122.93 (main), where correction is possible. Break would give 122.74, where correction also may be. Then follows 122.40. Break of the latter would result in 122.06. If...
We have mentioned previously the likelihood of the Fed adopting a cautious tone to future rate hikes, as price action in the USD lacks any significant bullish structure.Indeed, investor psychology is...
In Europe focus will be on the Bank of England meeting and the final inflation data for Euroland. Bank of England is expected to be on hold given the focus on the upcoming Brexit vote.In the US we...
I have a theory about the U.S. stock market (and all other markets). I have no idea if I am right or wrong, but I believe with all my heart I am right.The theory is that there is only one major...
Analysts expect the Bank of England to keep record low rates unchanged today Core inflation has firmed, and deflation risk is no longer a concern in the UK US jobless claims are on track to hold...
Given the revisions to wholesale sales (downward) and inventories (upward), we knew that the overall inventory imbalance for the whole supply chain would be pushed up somewhat. Total Business...
The world cheered this morning’s trade estimates from China, as both exports and imports rebounded from a dismal start to the year. Exports rose 11.5% in March after falling 25% in February;...
Calendar effects, base effects, and holidays continued to plague retail sales estimates. Where February 2016 included a 29th day of extra selling/buying, March finds an early Easter holiday relative...