Donald Trump has the Russia investigation and the legislation failures on his head. Kim Jung-un of North Korea is a dictator that needs to divert his people’s attention from their miserable lives. The current war of words seems to serve both leaders quite well. It diverts attention from the real troubles. The talk of “fire [...]
The post Trump and Kim need each other – short opportunity on JPY? appeared first on Forex Crunch.
The US dollar nearly completed a week of recovery until weakness struck again. The producer price figures serve as a reality check. The greenback comeback is now in doubt and the final verdict belongs to the more important inflation indicator: the Consumer Price Index released tomorrow. Jobs are looking great as seen in the Non-Farm [...]
The post Dollar rally deflates on weak PPI – back to reality appeared first on Forex Crunch.
EUR and GBP are showing some weakness today against USD at the start of the EU session, but we see pairs in wave B as part of a correction. If we are correct then EURUSD is going to rally up to 1.1800 to complete a zigzag before turning down, while cable can be making a [...]
The post EUR/USD, GBP/USD showing weakness – Elliott Wave Analysis appeared first on Forex Crunch.
The pound was falling ahead of the release, reaching a low of 1.2954 at some point. Cable is now trading higher, around 1.2982. The round 1.30 level looms above. The UK trade deficit widened to around 12.7 billion pounds, worse than 11 billion expected. On the other hand, manufacturing output remained flat as expected and [...]
The post UK trade balance deficit deepens, industrial output OK – GBP bounces appeared first on Forex Crunch.
