0.0 00 S&P 500 (1,985.54) The market looks like it has lost a considerable amount of momentum. It appears we have formed a top and could be in for a correction lower. We are currently testing …
Read More »Weekly Economic Recap: The U.S. Economy Plows Ahead
0.0 00 The U.S. released a whole slew of economic data last week which showed solid growth for the third quarter. Retail sales were up 0.6 percent, July’s number was revised higher 0.3 percent. NFIB small …
Read More »Daily Forex Technical Analysis: The Sterling Looks for a Floor
0.0 00 GBP/USD (1.62585) The Sterling is looking to complete a base and inch higher. We note the appearance of a morning star on our daily chart, seen below, which is a reversal pattern. It was …
Read More »Daily Video Analysis: U.S. Data to Grab the Headlines
0.0 00 Welcome to CupO’Forex. This is your daily video analysis for Friday, September 12. Today’s data will be dominated by the United States as retail sales numbers and consumer sentiment will dominate headlines. We should …
Read More »Economic Analysis: China Losing Steam
0.0 00 Today China released its inflation data for August and the numbers were not rosy. Consumer inflation came down and wholesale prices fell off sharply. This is clouding and already murky economic outlook for the …
Read More »Daily Forex Technical Analysis: Bottom in Place with the Euro?
0.0 00 EUR/USD (1.29115) The euro could be looking for a bottom and a recovery against the dollar. We have noted a piercing line formation on our daily chart, please see below. We have resistance at …
Read More »Daily Video Analysis: The Yen Hits a 7 Month Low
0.0 00 Good morning and welcome to CupO’Forex. This is your daily video analysis for September 11. We have seen some volatility already coming out of the Asian markets today. We are on central bank watch …
Read More »Daily Forex Technical Analysis: The Dollar Continues to ¥107
0.0 00 USD/JPY (106.618) The dollar continues to climb against the yen. At this point, now that we are firmly above ¥106, and with no signs of bearish reversal patterns we should continue to inch higher. …
Read More »Economic Analysis: Bond Rates Worry Equity Markets
0.0 00 The Treasury and corporate bond markets are beginning to worry and annoy the equity markets. Focus will be on interest rates as trading continues today and as traders try to gauge the Federal Reserve …
Read More »Daily Market Technical Analysis: S&P 500 Sells Off
0.0 00 S&P 500 (1,988.44) The S&P 500 saw its biggest drop in over five weeks. The market fell below the key technical level of 2,000 and closed firmly lower. Sellers are now eying the support …
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