The US dollar enjoyed signs of progress on enacting a massive tax reform. The suggested changes include changes to income taxes, estate taxes, and corporate taxes. The massive reforms could boost the US economy, at least in the short run. But now, there are reports about a delay in the corporate tax cut. The Washington [...]
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A better than expected read on the US labor market. The JOLTs jobs report came out at 6.093 million against a drop under 6 million annualized that was expected. The previous month saw a minor revision to 6.09. All in all, the labor market looks healthy and stable. The IBD/TIPP Economic Optimism also came out above [...]
The post The greenback remains in the green amid an upbeat JOLTs report appeared first on Forex Crunch.
EUR/USD is getting used to a lower range. While the moves are limited, the limits of the range are well-defined. The pair trades between support at 1.1575 and resistance at 1.1620. This is the lower end of the recent trading ranges. Why is the pair trading at lower ground? Draghi’s dovish words from two weeks [...]
The post EUR/USD looks depressed ahead of Draghi – another drag? appeared first on Forex Crunch.
