We trade at The lows today come in at There are two bottoms on the 5-minute chart near that level. A move below, might be a trigger for a little more gap filling to come. The and bar MA on the 5-minute chart come in at YoY rises to 2.
The year on year index increased to 2. Of late the index inflation gauge has been outpacing the official CPI data. Monetary base outstanding Y Concerned it is being used to launder money and dodge taxes The London Telegraph is reporting that ministers are looking to regulate bitcoin. They cite concerns that the crypto currency is being used to launder money and dodge taxes. According to the report it is unsure whether he was formally approved by the Board of Governors, but it seems he will be approved if not already.
Barkin takes over from Jeffrey Lacker who was forced to resign back in April after leaking information to a Wall Street newsletter. Tumble on faulty Flynn news reversed The dollar is to open higher after the ABC news reports on Friday that Michael Flynn was instructed by Trump to contact Russia before the election, were in fact false. Forex news fore US trading on Dec 1, It was basically a straight-line move with only minor retracements and it wiped out all of the gains in the pair this week.
Assuming a bill passes today or very soon, it will then go to conference and the differences between the House and Senate bills will be hammered out through some kind of compromise. That could be a sticky operation. Auto sales on the light side US total light vehicle sales were That's below the Sales were elevated in October and hit There have been several periods of sharp selloffs and even sharper rises in that time. Baker Hughes US oil rig count - Prior was - Prior natural gas vs prior - Total rigs vs prior That's a slight uptick in drilling rigs.
That's still far below the 2. That's back to where it was at the start of the week. It had been dropped to 2. Senate majority leader Mitch McConnell upbeat If they have the votes, then expect a vote sometime today. What's next A few points: Title text for next article. Get the ForexLive Newsletter. Mon 4 Dec Hopes for a resolution, in addition to a nice bounce off some key technical support, has the GBPUSD higher on the day. Looking at the hourly chart above, the pair gapped lower on the opening but did stall right at the The holding of that support, led to a nice bounce that took the price up to a high of 1.
The price has since rotated back lower and trades at 1. The holding of the IF there is disappointment, a break below that level will turn the bias from more bullish to more bearish. Store that level away for the day and look for stops on a break. ON the topside, I will continue to look toward a move above the 1. Looking at the daily chart below, that level was the highest high immediately after the Brexit vote in June Most think that would be beneficial for the GBPUSD if there is progress there is a long way to go though so watch the levels.
However, getting and staying above should give the pair more of boost. PS the price did try to go above in September and failed and last week and failed even quicker. So buyers will be looking for momentum on a break you should too! PSS in between the 1. The price is trading around the close from Friday at 1. Stay above is more bullish.
Move below is more bearish although that is just a guess. The and bar MA on the 5-minute come in at 1. Getting above those levels we are below now would be more bullish too View Full Article with Comments. Australian 3Q inventories rise 0.
Asset 24 View More. November inflation index rises 0. Sun 3 Dec Japan monetary base for November YoY up London's Telegraph is reporting the treasury is looking to regulate Bitcoin Concerned it is being used to launder money and dodge taxes The London Telegraph is reporting that ministers are looking to regulate bitcoin. London's Telegraph is reporting the treasury is looking to regulate Bitcoin.
Richmond Fed chooses Thomas Barkin as its new president. Dollar is higher as focus shifts back to tax cuts Tumble on faulty Flynn news reversed The dollar is to open higher after the ABC news reports on Friday that Michael Flynn was instructed by Trump to contact Russia before the election, were in fact false.
Dollar is higher as focus shifts back to tax cuts. Market focus will be on US with tax reforms and Flynn in play. Sat 2 Dec CFTC wants data-sharing agreements from Bitcoin exchanges before futures launch. Fri 1 Dec ForexLive Americas FX news wrap: Flynn flips, loonie jumps Forex news fore US trading on Dec 1, Flynn flips, loonie jumps. Susan Collins says she will support tax bill 51 Senators have now said they will support it They needed 50 votes, so now they have one extra. Susan Collins says she will support tax bill.
Yen shorts lighten up. Trump says reports that Rex Tillerson leaving are fake news. US Nov vehicle sales Baker Hughes US oil rig count vs prior. Once again, it's all about the bond market year yields drop back below 2. Once again, it's all about the bond market. We have the votes on Senate tax bill Senate majority leader Mitch McConnell upbeat If they have the votes, then expect a vote sometime today.
We have the votes on Senate tax bill. Buy the dip on the dip on the Flynn move? US dollar sinks on report that Flynn will testify against Trump.More...