High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
USDCAD technicals The USDCAD is under pressure in trading today after buyers missed their opportunity to hold the breakout above a key ceiling area during yesterday’s trade. The high yesterday extended to 1.3773, moving above the 1.37498–1.3759 resistance zone, but failed to sustain the breakout, triggering a reversal lower. Earlier in the week, the pair … Read more
Prior month Housing starts 1.263 million revised from 1.256 million Prior month building permits 1.394 million. Housing starts 1.321M versus 1.300M estimate Building permits 1.397M vs 1.390M estimate This article was written by Greg Michalowski at www.forexlive.com. fbs.mobi
“Too Late,” and the Fed, are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house. He is truly one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him anyway – And the Fed Board has done nothing to … Read more
Will brief EU ambassadors on Friday afternoon. The deadline is August 1st. Will we get a deal by then? In my opinion, eventually the US will get away with higher tariffs (probably 10%) and the EU will secure some concessions in key areas for them. If that doesn’t happen before August 1, then I suspect … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
The S&P 500 got stuck in a range in recent weeks as the bullish momentum waned but the upside view continued to be supported by the lack of bearish drivers. The US inflation data this week showed some tariff passthrough but the data came below expectations. We got a brief spike to the downside following … Read more
Fundamental Overview The USD had a mixed performance this week following the US inflation data where the Core CPI and Core PPI missed expectations. The greenback has been stronger against the commodity currencies but not as much against the EUR or GBP. After the initial boost from the CPI release, we can say that it … Read more
In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Eurozone current account data. In the American session, we have the US Housing Starts/Building Permits and the University of Michigan Consumer Sentiment report. The housing data continues to be largely ignored as the focus … Read more
There are just a couple to take note of on the day, as highlighted in bold. The dollar looked to be making strides yesterday before Fed governor Waller opened the can of worms on a suggestion to cut rates in July here. The greenback fell a little although Fed funds futures are still holding the … Read more
