United States Durable Goods Orders ex Transportation came in at -7.4%, above forecasts (-14%) in April
Blogs
Breaking: US Durable Goods Orders plunged by 17.2% in April vs. -19% expected
Durable Goods Orders in the United States slumped by 17.2% on a monthly basis in April following March's fall of 15.3%. This reading came in better th
US Update – May 28 – Data In line
<h3>EURUSD, H1</h3> <p>The -323,000 initial claims drop to 2.123 million in the fourth week of March extended the -241,000 decline to 2.446 million (was 2,438 million) in the BLS survey week, leaving a decline that was largely in line with assumptions. More importantly, we saw a -3.860 million plunge in continuing claims to 21.052
Oil & Geopolitics
<p>The WTI crude futures have tipped lower by over 3% in the Asia session today, posting a 6-day low at <strong>$31.55,</strong> extending the correction from the 11-week high that was seen on Tuesday at <strong>$34.81. </strong> The easing the past 2 days came from a Bloomberg report citing unnamed sources, that Russ
The Market’s Main Focus Is on the US Unemployment and GDP Report
<p>The US equity market is recovering from previous losses, while the USDIndex has also been held back after a period of selling pressure. The US500 has passed an important psychological level at the key 3,000. Many of the gains this week have come from the backdrop of rising world sentiment, including the increasing US-China tension.</p&g
Entering the Short-term Downtrend
<p><strong>BTCUSD,</strong> H4 – Clearly, the outbreak of Covid-19 was able to push Bitcoin prices back up to test the 10,000 price level twice this month. The fact that the asset failed to pass the particular level explains the price behavior of cryptocurrencies, in accordance with the principle of more safe haven groups t
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