CB Consumer Confidence is an index of the level of consumer confidence in economic activity. This index is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. This index is based on a monthly survey of about 5,000 American households and reflects their attitudes about current…
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By examining GBP/USD in the 2-hour time frame, we can see that after entering the attractive range of demand in the range of 1.20500 to 1.20800, the price faced demand pressure and managed to grow to the very important resistance of 1.2160 . Now, if the price consolidate above this If this support range ,…
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By re-examining the EUR/USD chart, we see that the price in the range of 1.052 to 1.055 has a strong support that will probably prevent the price from falling further, and also that we have a large liquidity void in the range of 1.067 to 1.06060, which is likely to be filled in the short-term,…
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By examining gold in the 12-hour time frame, we see that the price is still trading in the range of 1980, and according to the previous analysis that I said before a big move, there is a possibility of a Netural Range , it is still valid! Currently, the range of $1975 acts as a…
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The advance GDP is the first estimate of the gross domestic product (GDP) of the U.S. for a given quarter. It is based on incomplete or preliminary data and may be revised later. The GDP is a measure of the total value of goods and services produced in a country and reflects the economic activity…
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Unemployment Claims shows the number of people who applied for unemployment insurance for the first time during the past week. This statistic is one of the first economic data of the United States and its impact on the market varies every week! Generally, Unemployment Claims is an indicator of the labor market and economic situation…
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What’s Core PCE Price Index m/m ?The Core PCE Price Index m/m or Personal Consumption Expenditures excluding food and energy, is one of the most important inflation indicators in the United States. This index shows the changes in the prices of goods and services purchased by consumers in one month compared to the previous month.…
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