US Q2 GDP picks up details mixed USD lower
U.S. GDP accelerated to a 2.6% pace in Q2, more than doubling the 1.2% Q1 rate (revised down from 1.4%) and compares to the 1.8% clip in Q4 (revised down from 2.1%). Personal consumption increased 2.8% from Q1’s 1.9% (revised up from 1.1%). Fixed...
NZDUSD – Hourly Chart
NZDUSD setlled back today at 0.7460 low. A Short Intra-Day position was taken based on these hourly chart with entry at 0.74661, and targets at 0.7450 and 0.7440 ( 23.6 Fibonacci level as well).
A breach and break of the recent fractal low...
EURUSD over 11700 as we await US GDP
The first release on Q2 GDP is out later and could reveal a 3.0% (median consensus is 2.5%) headline for the quarter following a 1.4% pace in Q1. Consumption looks poised for stronger growth during the quarter and we expect a 3.0% clip,...
Gold support at 1258 but rolled over 15m
Gold remains bullish having posted at high over 1265 yesterday. My bias remains long and I entered again at 1258 last night. However, the intraday M15 has broken support at 1258.70 and triggered a short with a target of 1257.90 which is a little...
GBP holds against G3 currencies
Sterling has lifted over the last week, showing an average 0.7% gain versus the G3 currencies over this period. UK Chancellor Hammond has been pushing the case for a post-Brexit transition period, negotiations for which he said could start as soon as September. This...