Find more articles and bullets on these widgets:
MNI spoke with the head of the ISM factory survey about the industry's outlook, the Fed and pricing power. On MNI Main Policy Wire now, see sales@marketnews.com for details.
NY Fed reverse repo usage recedes to $2,133.950B w/ 100 counterparties vs. prior session's $2,188.035B. Compares to Friday, Dec 30 record/year-end high of $2,553.716B (prior record high was $2,425.910B on Friday, September 30.
NY Federal Reserve/MNI
GBPUSD trend conditions remain bearish despite this week’s bounce and resistance remains intact. A break of 1.1915, the Feb 17 low would confirm a resumption of the bear leg and expose key support at 1.1842, the Jan 6 low. Clearance of this important price level would highlight a broader reversal threat and a potential double top reversal pattern. Key short-term resistance is seen at 1.2147, the Feb 21 high.