Half of Americans say their financial situation hasn’t improved since the Great Recession
Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered...
Dollar Rises Broadly on Retail Sales and Industrial Production
Dollar jumps broadly in early US session after solid gain in retail sales in May, with upward revision in April figures. Yen is following as the second strongest on risk aversion, followed by Canadian Dollar. Geopolitical tensions heightened after US...
Trump says stock market would be ‘10,000 points higher’ if Fed didn’t raise rates
President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News’ George Stephanopoulos, saying the economy and stock market both could be doing much better “if we had somebody different” in charge...
Your first trade for Friday, June 14
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Disney. Karen Finerman was a buyer of Red Robin. Brian Kelly was a seller of the Financials ETF. Dan Nathan was...
US retail sales rose in May, while April was revised higher
Shoppers walk past sale signs in a mall, White Plains, N.Y. Scott Mlyn | CNBC U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears...
S&P 500 Futures (ES_F) Buying The Elliott Wave Dips
In this technical blog, we are going to take a look at the past performance of 4 hour Elliott Wave Charts of S&P 500 Futures (ES_F), which we presented to members at elliottwave-forecast.com. In which, the cycle from 12/26/2018 low...
AUD/USD Outlook: Aussie Remains Firmly In Red On Fears Of Another RBA Rate Cut
The Australian dollar extends steep five-day fall and probes below 0.6900 handle on Friday, pressured by fears of another RBA rate cut next month. Weaker than expected Chinese IP added to negative outlook, as markets await for release of US...
EURAUD Tries To Jump Above Ascending Channel, Strongly Positive
EURAUD is extending its gains over the last couple of weeks, recording a fresh more than five-month high around 1.6350. Thus, the short-term picture thus seems to be strongly positive, as the RSI is hovering in the overbought territory and...
GBPUSD Needs To Bounce
The British pound has continued to slip lower against the US dollar during the European trading session, with the pair testing towards its key weekly trading low. If the GBPUSD pair fails to bounce from current levels, further losses toward...
USDJPY Awaiting US Data
The US dollar has come under increasing pressure against the Japanese yen due to the worsening geopolitical situation between Iran and the United States. The USDJPY pair could suffer a technical meltdown if bulls force price under the 107.70 support...