You could be forgiven for thinking that if the number of people who are employed declines then the number of unemployed people must have risen (unless they all retired, or died, of course). However, the UK has managed the feat of achieving lower numbers of people in and out of work without (as far as…
Good day traders! Hope everybody is doing great. Today’s focus is on USD Index, its 4h and mid-term view. USD Index has turned down sharply this week and formed a decisive break out of a corrective channel which is an important indication of a completed A)-B)-C) advance from September low. We see that as wave…
After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses after a three cent run-up over the past several sessions. There bearish candlestick (shooting star) leaves the late…
After opening the day on a positive note, the Indian share markets have continued the momentum and are currently trading comfortably in green. All sectoral indices are trading in green, with stocks in the IT sector and the auto sector witnessing maximum buying interest. The BSE Sensex is trading up 260 points (up 0.8%) and the NSE Nifty is trading up 78 points (up 0.8%)….
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7500 area. On the upside, a clear break above the trend line resistance will…
It’s not all doom and gloom for the British consumer. Retail sales are up by 0.3% m/m, on top of a small upwards revision. Year over year, sales are down 0.3%, a bit better than -0.6% predicted. Excluding fuel, the volume is up by 0.1% and down 0.3%, all the figures are a bit above…
The topic of the yield curve is one that has been coming up a lot lately, particularly as the 10s minus 2s spread has dipped to the lowest point since just prior to the financial crisis. A few people have referenced this as a bearish signal, and it’s true that you tend to see a…
Almost everyone has a dream wedding. No matter if it’s at the beach, in the mountains, or even on a farm, nearly every person reading this sentence has thought about the destination they want to get married. However, not enough think how it could be possible to get there.Although it’s going to take some hard…
