Eurozone PMI Manufacturing was finalized at 49.8 in July, down from 52.1. That’s also a 25-month low. PMI Manufacturing Output Index was finalized at 46.3, down from June’s 49.3, a 26-month low. Looking at some Read more…
The current NZDUSD structure on the 1H timeframe suggests the formation of a new bearish trend, which may take the form of a primary impulse ①-②-③-④-⑤. This impulse can give rise to a global zigzag Read more…
EURUSD has been trading within a tight range after it managed to rebound from the 20-year low of 0.9951. In addition, the price is currently standing below both its descending 50- and 200-day simple moving Read more…
A mixed start to the week in Asia where Chinese PMIs dampened the mood as the reopening boost to activity quickly faded. The country was already facing an uphill challenge, to put it mildly, with Read more…
EUR/USD The consolidation of the EUR/USD continued in the early hours of today’s trading session and the pair is still locked in the zone between 1.0114 – 1.0272, as neither the bears, nor the bulls Read more…
The Dow Jones 30 rallies over expectations of slowing inflation. The index has found support in the former supply zone around 31700, which indicates the bulls’ strong commitment in extending the current recovery. As the Read more…
The Japanese yen bounces back as profit-taking turns into a short squeeze. A break below 137.00 has triggered a new round of sell-off, invalidating the July rebound in the process. 135.00 at the origin of Read more…
The Canadian dollar consolidated after Canada’s GDP showed signs of slowing down in May. A series of lower lows and a fall below the daily support at 1.2840 further weighed on short-term sentiment. A bearish Read more…
Markets Europe took center stage on Friday. July inflation jumped to 8.9% y/y (8.7% expected) and core inflation hit the 4% mark. Growth in the second quarter also surprised to the upside, expanding 0.7% q/q Read more…
Key Highlights EUR/USD started an upside correction above 1.0180. GBP/USD gained pace and broke the 1.2050 resistance. Gold price started a fresh increase above the $1,740 resistance. The US ISM Manufacturing PMI could decline from Read more…