Rig counts for the week due at the top of the hour Last week Crude oil is trading at $68.37 down $.59 or -0.87% ForexLive
Unchanged from May The Dallas Fed’s trimmed mean PCE is a core inflation measure based on the Commerce Department’s price index for personal consumption expenditures. It strips out items that have shown especially large price movements in any given month.
The latest tracking estimate from the Atlanta Fed ” After this morning’s data releases, the nowcasts of third-quarter real consumer spending growth and third-quarter real private fixed investment growth declined from 3.4 percent and 5.9 percent, respectively, to 2.9 percent and 4.2 percent, respectively,” the release said. That was somewhat offset by larger inventories.
7 -weeks of chop The AUDUSD today moved toward the low of a “value area” where most of the trading has taken place in the pair over last 7-weeks of trading (see red box on the 4-hour chart below). That “value area” comes in between 0.7343 and 0.7443 – so about 100 pips.
Worries about a Canadian house price bust fade The Canadian housing market is one of those things that doesn’t make much sense. Prices are far beyond incomes and in the big cities price are out of control.
“What should I use when looking at the markets, fundamental or technical analysis?” So TA or Fundamentals? Join the webinar! This is a question which is regularly asked by who anyone who wants to get into trading and most likely, one of the first questions all of us had when we started looking at the…
Some insights on the usage of the Ichimoku indicator The Ichimoku indicator stands out among other technical indicators. It’s just another thing in technical analysis that came from Japan. Its name is translated as “one glance”. The idea is that it allows traders to make a full-fledged judgment about the market after just several seconds…
More confirmation We’ve hear this before but the difference here is that it’s coming from a Canadian official. That means leaders from all three parties have basically endorsed the direction on autos.
Announcement to come at 3:30 pm ET (1930 GMT) The rumor is that it could be 25% tariffs on Chinese goods instead of 10%. If so, it could easily end up stealing the top story of the day from the FOMC.
100 day MA and trend line below. 100 hour MA above There is some recent NAFTA comments that is helping to strengthen the CAD a bit (). see post here Looking at the hourly chart below, the price is trading right around the 1.3000 level and sits between support below against a lower trend line.…