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15 Feb 2017

AUD/USD MACD fails to challenge recent highs

AUD/USD could be facing downside pressure as its MACD failed to test recent highs.

A bearish divergence between AUD/USD spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.
Feb 15, 2017

United States Business Inventories in line with expectations (0.4%) in December

United States Business Inventories in line with expectations (0.4%) in December
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Feb 15, 2017

United States NAHB Housing Market Index below expectations (67) in February: Actual (65)

United States NAHB Housing Market Index below expectations (67) in February: Actual (65)
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