Orders for big-ticket factory goods rose a modest 0.4% in January
Orders to U.S. factories for big-ticket manufactured goods edged up slightly in January, but the strength came from a big increase in the volatile aircraft category. In encouraging news for future growth, a key category that tracks business investment plans...
Trading Journals: What They Are and How to Create One
Trading journals: Main talking points What is a trading journal? Why are they useful? How to create a trading journal Trading journal template What is a trading journal? A trading journal is a log that you can use to record...
Silver Extends Recovery
Earlier, we wrote that gold had resumed its recovery. The recovery has been due to a weaker US dollar and as the likes of the ECB and BOC joined some of the other major central banks in turning dovish again...
EUR/USD Could Be Supported By 200-Hour SMA
During Tuesday’s trading session, the European Single Currency surged to the 1.1300 level by the help of the weekly PP support level at 1.1265. On Wednesday morning, the rate was trading above the 200-hour simple moving average at the 1.1291...
Weekly mortgage applications hit a record, but not a healthy one for housing
Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according...
The UK Parliament Rejected Brexit Agreement
The British pound was under pressure after the Brexit vote in the UK Parliament. So, the House of Commons did not support again the Brexit deal offered by Theresa May. 391 members of Parliament spoke against the deal, 242 supported....
USDJPY Trapped Inside Narrow Range
The US dollar is trapped inside a narrow price against the Japanese yen, with the risk-sensitive currency pair trading between the 111.10 to 111.45 levels. If USDJPY buyers can break above the range, the 111.60 level offers the strongest form...
EUR/USD – Euro Steady As Industrial Production Sparkles
EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1294, up 0.06% on the day. On the release front, eurozone industrial production sparkled with a gain of 1.4%, above the estimate of 1.0%. In the U.S.,...
Fewer companies in China are planning to hire, survey finds
Hiring prospects have worsened in China, recruitment firm Manpower Group found in its latest survey released Tuesday. A net 6 percent of firms surveyed plan to increase hiring between April and June — the lowest since the third quarter of...
EUR/USD And USD/JPY Facing Significant Resistances
EUR/USD recovered recently above 1.1200, but it is facing a crucial resistance near 1.1320. USD/JPY is also approaching a major barrier, which could produce a bearish reaction. Important Takeaways for EUR/USD and USD/JPY The Euro recovered nicely after trading towards...
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