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Jackson Hole back on the agenda The week ahead should be lively with some top-tier data and news on the agenda. Here are a few things to watch out for. Monday: Eurozone construction output The BOC’s Wilkins speaks in Frankfurt Fed’s Bostic speaks in Tennessee Tuesday: A Chinese delegation led by Vice Minister of Commerce
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
University of Michigan consumer sentiment Lowest since last September Prior was 97.9 Current conditions 107.8 vs 114.4 prior Expectations 87.3 vs 87.3 prior 1-year inflation expectations 2.9% vs 2.9% prior 5-10 year inflation expectations 2.5% vs 2.4% prior ForexLiveCurrent conditions at the lowest since late 2016. Here’s the sub-index: That’s an odds drop given the
GBP/USD tests the 100-hour moving average again ForexLive Buyers have tried to break above the 100-hour MA (red line) on two previous attempts this week but failed to sustain a firm break above as price fell back down thereafter. The 100-hour MA now sits @ 1.2730 and we’re running up against it in trading now.
Price remains caught around the 100-hour moving average ForexLive For now, price is barely staying above the 100-hour MA (red line) but continues to sit below the 200-hour MA (blue line) and that means near-term bias is undefined. However, the key battleground right now revolves around the 100-hour MA and that is where sellers and
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;