Consumer spending rose modestly in January as clothing store sales fell by the most since 2009
U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said...
US January industrial output falls on weather, Boeing drop
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of...
EURCAD Breaks Sideways Pattern to the Downside
EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.4770 and a lower end at 1.4415. The pair is now testing the 3-year low of...
Dollar Mixed after Shrugging Off Retail Sales, Euro Trying to Recover
Economic data released today are generally ignored by the markets. Dollar is mixed, paying little attention to US retail sales. Euro recovers mildly today on short profit taking ahead of weekend. But it remains the weakest one for the week....
AUDCHF Remains Bearish Despite Reversal Off All-Time-Low
AUDCHF is currently flirting with the flat blue Kijun-sen line around 0.6586, following a pullback off the all-time low of 0.6436. Backing this improvement, is the red Tenkan-sen line that has turned up and the technical indicators. The short-term oscillators...
AUD/USD Outlook: Break Below 10DMA Would Signal End Of Recovery Phase And Reversal
The Australian dollar fell in European session on Friday, maintaining negative near-term tone, following repeated recovery rejection at 0.6750 Fibo barrier (23.6% of 0.7032/0.6662, reinforced by falling 20DMA) and Thursday’s close in read after three-day rally. Recovery phase might be...
EUR/USD Declined To 1.0842
On Thursday, the EUR/USD currency pair declined to the weekly S2 at 1.0842. During today’s morning, the rate was trading at the given level. If the weekly S2 holds, it is likely that a reversal north could occur in the...
GBP/USD Breached Rising Wedge Pattern
Yesterday, the GBP/USD exchange rate jumped to the 1.3060 level. During Friday morning, the rate reversed south. It is likely that the currency pair could gain support of the monthly S1 at 1.3021 and reverse north in the nearest future....
USD/JPY Tests Resistance
Yesterday, the USD/JPY currency pair tried to surpass the resistance formed by the 55– and 100-hour SMAs in the 109.85 area. During Friday morning, the pair continued to test the given resistance. If the given moving averages hold, it is...
XAU/USD Might Consolidate
On Thursday, the XAU/USD exchange rate traded sideways around the 1,576.00 level. During today’s morning, the rate continued to trade at the given level. On the one hand, yellow metal could gain support of the monthly PP at 1,573.09 and...
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