The U.S. released the housing starts and building permits for the month of February, where housing starts dropped by 5.9% to an annualized rate of 575,000 from the prior revised estimate of 611,000 and slightly above median estimates of 570,000, while building permits dropped by 1.6% to an annualize…

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The euro extended gains versus the dollar on Tuesday to hit a session high after Standard & Poor’s affirmed its ratings on Greece.

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The U.S. released the import price index for the month of February, where import prices dropped by -0.3% following the prior revised rise of 1.3% and worse than median estimates of -0.2%, while compared with a year earlier, import prices rose by an annualized 11.2% following the prior reported rise …

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Zew Survey (economic sentiment) in the euro area slipped to 37.9 from 40.2 prior and 38.5 expected.

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The 1H time-frame shows details of the action throughout the Asian-European regional sessions, which is the start of the current global session. The market stalled at the 90.40 area ahead of the Asian session, but dipped as it gone underway. However, the start of the European session brought support, but…

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The drop from the 1.4578 blue wave (2) top is impulsive in nature, shown as a powerful decline in a blue wave (3) that found a base at 1.3434. Since then the pair looks to be forming a corrective structure in a blue wave (4), which suggests a down-trend continuation…

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4H: Yesterday’s video post mentioned that there may be bottoming action at the 1.3665 area (61.8% retracement). The market dropped slightly below that but started to rally in the Asian session, had a quick correction when the European session started, and shot up again as that session went underway and…

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After breaking below the Support at 1.50 and recording a low of 1.4975, Cable has bounced back sharply and is now trading higher above 1.51. If it continues to trade above 1.51 we might see further rise towards 1.5200-20 in the US session today. The broader picture continue to remain…

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The IWH economic institute, projects that Germany\’s economy will grow 1.8% this year and next as exports to the U.S. will help the nation prosper accurately. The higher exports will increase business spending therefore helping the flow of money in the economy, also the consumer spending in the natio…

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The U.S. released the industrial production index for the month of February, where the index rose by 0.1% following the prior reported rise of 0.9% and slightly better than median estimates of 0.0%, while capacity utilization rose in February to 72.7% from the prior revised estimate of 72.5% which w…

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