US consumer spending slows in August, while incomes rise
Getty Images U.S. consumer spending barely rose in August, suggesting that the economy’s main growth engine was slowing after accelerating sharply in the second quarter. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of...
New orders for key US-made capital goods unexpectedly drop in August
New orders for key U.S.-made capital goods unexpectedly fell in August and shipments rebounded moderately, pointing to continued weakness in business investment after it declined at its steepest pace in 3-1/2 years in the second quarter. The Commerce Department said...
USDJPY Extends Gain With Eyes On The 108.47 Zone
USDJPY looks to strengthen further as more gain is expected towards its key resistance at 108.47. On the upside, resistance comes in at 108.40 level. Above this level will turn attention to the 109.00 level. Further out, we expect a...
Day Trading with Bollinger Bands®
Bollinger Band® day trading is a less popular way to utilize the Bollinger Band® indicator, however, some intraday traders do use the Bollinger Band® within their strategies. Day trading with Bollinger Bands®will lay the foundation for a Bollinger Band® scalping...
Stocks making the biggest moves premarket: Wells Fargo, Micron Technology, Delta, Apple & more
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left...
GBPUSD 1.2250 Possible
The British pound has moved below the 1.2300 level against the US dollar, following dovish comments from Bank of England member Michael Saunders. It is possible that the GBPUSD pair could target the 1.2250 support level if sellers break through...
USDJPY 108.10 Possible
The US dollar is moving higher against the Japanese yen currency, as the U.S dollar index surges to a fresh monthly trading high. The USDJPY pair may test towards the 108.00 resistance level if bulls continue to gain strength above...
USD/CNH 1H Chart: Bulls Could Prevail
The US Dollar has been depreciating against the Chinese Offshore Renminbi since the beginning of September when the USD/CNH currency pair reversed south from the upper boundary of the rising wedge pattern. Note that the exchange rate is supported by...
Meandering Trading, Oil Prices Deflate
Meandering Trading Markets are mixed with clear drivers lacking. S&P 500 rebounded marginally on positive trade news. Yet Asian trading has been more tentative. Thursday Chinas top diplomat stated that China was willing to purchase additional US products and trade...
Bitcoin Suffers Biggest Weekly Loss
Bitcoin price has dropped over 20% this week, a substantial drop. We have not seen this sort of weakness since November 2018. This particular move was long coming because the price failed to cross above the 50-day moving average during...
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