Month: August 2022

ECB Governing Council member Olli Rehn said, “a digital euro would give people an additional choice about how to pay and would make it easier to do so in an increasingly digital economy.” “A digital Read more…

The current USDCHF structure on the 1-hour timeframe shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. It is possible that the price reduction in the intervening wave x, which Read more…

The Nasdaq 100 feels the pressure from signs of a slowing US economy. A break below the psychological tag of 13000 has put the bulls under pressure. 12800 on the 30-day moving average is another Read more…

The pound bounces over upbeat services PMI. The pair had previously failed to clear the supply zone (1.2300) on the daily chart. The bears’ latest push below 1.1770 has invalidated the mid-July rebound. This is Read more…

The US dollar retreated after PMI data showed a slowdown in business activity. However, the euro’s fall below parity and July’s low indicates that sellers are in control. As last month’s rally turned out to Read more…

EUR/USD After successfully breaching the parity level at 1.0000, the euro continued to lose ground against the dollar, reaching the support at 0.9900. Apparently, during yesterday’s trading session, the pair managed to rebound from the Read more…

Markets US PMI’s unexpectedly turned out to have the biggest intraday market impact yesterday. Traditionally, they don’t carry that much weight with main focus on monthly ISM surveys. A significant setback in the August US Read more…

The US dollar bounced lower, yesterday, following the weak economic data in the US, which showed that the new home slowed, and business contracted. The flash PMI figures showed that services in the US fell Read more…

Market movers today There are only few economic releases today. The only number of relative importance is the US July durable goods orders, which are expected to slow due to the financial tightening taking place Read more…