GBP/USD – Prices, Charts, and Analysis UK GDP data beat estimates. Cable continues to move higher. US core PCE later in the session may impact cable. Recommended by Nick Cawley Traits of Successful Traders The UK economy expanded by 0.1% in Q4 2022, and data released by the Office for National Statistics (ONS) showed delayed, …
UK Growth Revised Higher, GBP/USD Nears A Multi-Week High Read More »
US Q4 GDP Dipped Slightly, US Economic data Remains Robust The final version of US GDP for the fourth quarter of 2022 dipped slightly lower, from 2.7% to 2.6%, dropping from the Q3 print of 3.2%. Customize and filter live economic data via our DailyFX economic calendar However, despite the quarter-on-quarter drop in GDP, US …
Final US (Q4) GDP Revised Lower but Data Remains Robust Read More »
S&P 500 Analysis US indices gain on Monday, following on from Asia and Europe as sentiment eases S&P 500 trading within well-defined support and resistance zones Powell’s testimony and US non-farms to provide volatility this week The analysis in this article makes use of chart patterns and key support and resistance levels. For more information …
BRENT CRUDE OIL (LCOc1) ANALYSIS & TALKING POINTS Crude oil prices dismissive of higher stockpiles. Higher demand projections driving crude oil but USD rebound may limit upside potential. Bear flag remains in focus but a long way to go before we see breakout potential. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE …
Brent Finding its Footing on Revised Demand Outlook & Weaker USD Read More »
Talking Points: This morning brings the release of US retail sales data for the month of June. The retail sales report is usually the earliest look that investors get at retail behavior for the most recently completed month and, as such, there can be considerable attention to this data point as it may be an …
June Retail Sales at 1% v/s .8% Expected, May Revised Higher Read More »
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