EUR/USD 1.0778 Lives to Fight Another Day

Personal income grew 0.3% month-on-month (m/m) in September, up slightly from July’s 0.2% gain and bang on market expectations. Accounting for inflation and taxes, real personal disposable income grew a modest 0.1% for a fourth consecutive month. Consumer spending was robust in September. Personal consumption expenditures grew by 0.5% m/m, above the market expectations for […]

GBPCAD reversed from resistance level 1.7325 Likely to fall to support level 1.7200 GBPCAD currency pair today reversed down from the long-term resistance level 1.7325 (which has been reversing the pair from the middle of last year, as can be seen below). The resistance level 1.7325 was further strengthened by the upper daily and the […]

The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield from around 4.70% to 4.90% in a single move, the 10-year yield spiked to 4.45% and the US dollar index […]