Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure. Technical picture on daily chart is bearishly aligned as MA’s remain in full bearish setup and 14-day momentum turned south and nearing the centreline. Another failure […]
Summary United States: The Equinox and the Struggle to Find Balance Spring is a time for new beginnings, and we see fresh possibility in some of this week’s less-than-stellar data. It may eventually help bring the needed balance into place to get inflation closer to the FOMC’s target. Next week: Housing Starts (Tue.), Existing Home […]
The post Weekly Economic & Financial Commentary: FOMC Likely on Hold Until Summer appeared first on Action Forex.
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