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EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip

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EUR/USD TECHNICAL OUTLOOK: Euro posts moderate losses on Wednesday amid broad-based U.S. dollar strength EUR/USD’s technical outlook could turn bearish if sellers validate a double top pattern This article looks at key levels to keep an eye on in the near term Recommended by Diego Colman Get Your Free EUR Forecast Most Read: S&P 500, …

EUR/USD Threatens Key Support, Double Top Pattern in Play as Bears Tighten Grip Read More »

S&P, Nasdaq, Dow Jones Tighten Ahead of a Busy Economic Calendar

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Indices Talking Points: It was a quiet Monday on the economic calendar despite it being Cyber Monday everywhere else, but the latter portion of this week’s docket carries considerable headline risk. Chair Powell has a speech on Wednesday afternoon and then Thursday brings PCE data, which is the Fed’s preferred inflation gauge and then Friday …

S&P, Nasdaq, Dow Jones Tighten Ahead of a Busy Economic Calendar Read More »

UK Fiscal Statement Urges Citizens to Tighten Belts, GBP Drops

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UK Chancellor Prioritizes Stability, Growth and Public Services Chancellor Jeremy Hunt urges UK citizens to weather the storm and promises to protect the vulnerable in his fiscal statement Pensions triple lock confirmed, energy support remains but is less generous and NHS and schools see funding increased OBR judges the UK is in a recession, forecasts …

UK Fiscal Statement Urges Citizens to Tighten Belts, GBP Drops Read More »

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