Situation at industrial production in the US hints of a stalled recovery around 2008 highs, which is a risk, considering the fact that current base year for the indices was recently updated to 2012 (so there is no base effect in the index now) Total industrial production has recovered past its 2008 highs, but stalled somewhat at current levels since about a year...
The EurUsd rallied after the Fed's decision to keep its rates unchanged. I would expect a consolidation today, with 1.13490 as an objective, and 1.14412 as an upper limit. (its hourly bollinger band is broken, suggesting it should re-enter its BBs). Breaching the upper limit will induce a further upward movement towards 1.14851, with 1.146 as a primary...
Inventories to Sales Ratio has been rapidly ascending recently above its usual levels of 1.3. It means that Inventories have been actually growing at a higher pace than Sales over the last several months! Savvy traders would be interested in watching this ratio as a potential risk indicator of the US economy. If the ratio continues to ascend at the current...