[FOREX NEWS] US GDP Q4 2016 misses with 1.9%, durables fall 0.4% – USD follows

Generally weak US data: the economy grew by 1.9%, below expectations. Adding fuel to the fire, a  replenishing of inventories contributed 1% to GDP. A buildup in inventories during one quarter tends to result in a depletion in the following one. Durable goods orders are down 0.4%. Core orders are at 0.5% as expected and [...]

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[FOREX NEWS] EUR/USD: Monthly Close Key; GBP/USD: Reverse H&S Target – Citi

As we approach the end of the first month of 2017, the team at Citi examines EUR/USD and GBP/USD: Here is their view, courtesy of eFXnews: In the short run, we continue to expect EURUSD and GBPUSD to test major resistance levels, which is consistent with our roadmap from 1999, before turning again later. Looking [...]

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