The 1.2698 area is now eyed The GBPUSD is getting hit and trades at the lowest level of the day.  As per the previous post, the price fell to a trend line, stalled at that level and rebounded up to to the 200 hour MA.  Sellers leaned there and have now pushed below a lower
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Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction
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Prior month $10.923B revised to $11.57B US consumer credit rose in October by the most in almost a year. The numbers topped expectations.   Consumer credit rose by $25.384 billion versus $15.0 billion expected the prior month was revised to $11.6B from $10.923B revolving credit increased by $9.2B, after a -$310M decline last month (credit card)
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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The new tax law has put a whole new spin on year-end tax planning, though it hasn’t eliminated the need to do it altogether. “The tricks we had in our back pocket have been taken away in the name of simplification,” said Nathan Smith, a director in the national tax office of CBIZ MHM in
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Brexit Parliamentary vote on Tuesday. ECB on Thursday Coming Up! Title text for next article ECB meeting also on the schedule.Key events and releases Monday UK GDP, 4:30 AM ET.0930 GMT UK manufacture production, 4:30 AM ET/0930 GMT Tuesday UK employment, 4:30 AM ET/0930 GMT German ZEW economic sentiment, 5 AM ET/1000 GMT US PPI,
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When everyone is looking at something, it changes In quantum physics, the observer effect is the theory that simply  observing a situation or phenomenon necessarily changes that phenomenon. Economics has something similar, called Goodhart’s law. It’s named after British economist Charles Goodhart who observed that when a measure becomes a target, it ceases to be a
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