S&P 500 News and Analysis Two-week winning streak threatened by potential US government shutdown Is the trend of softer US data upon us? US CPI, retail sales next IG client sentiment provides a mixed bias due to inconsistent daily and weekly positioning The analysis in this article makes use of chart patterns and key support
In a dramatic eleventh-hour move, the US government dodged a potentially catastrophic shutdown. Both the House and Senate reached a last-minute consensus on a short-term funding arrangement, securing its passage just minutes before the critical midnight deadline on Saturday. With a stroke of his pen, President Joe Biden transformed this deal into law, ensuring the
Share: The AUD/USD has walked back all of the day‘s gains in Friday trading as the DXY sees resurgence. Friday sees the Aussie down over 1% against the Greenback. A looming US government shutdown is seeing markets balk as investors clam up and jump back into the USD. The AUD/USD has slipped over 65
Share: Markets are digesting the recent PCE numbers. Chicago PMI number deteriorates further. The US Dollar Index clings on to an 11th weekly positive close. The US Dollar (USD) is trying to hold on to another weekly gain, though it looks like either a make-or-break deal. If the US Dollar holds onto gains, this
It will be hard to figure out in the economy without data Credit card data is a good alternative data set I try to talk to businesses and workers what’s happening in the economy Growth still seems ‘solid’ in the economy It makes sense that lower and middle-income spending is adjusting to a slower pace
Share: The US Dollar turns choppy as strike risks escalate at biggest US car makers. Traders will likely keep powder dry for the Fed interest rate decision on Wednesday. The US Dollar Index breaks below 105 and rebounce at start US session. The US Dollar (USD) takes a step back ahead of the
