Month: August 2022

UK PMI Manufacturing dropped sharply from 52.1 to 46.0 in August, well below expectation of 51.3. That’s also the lowest level in 27 months. PMI Services ticked down from 52.6 to 52.5, above expectation of Read more…

Eurozone PMI manufacturing dropped from 49.8 to 49.7 in August, above expectation of 49.0, a 26-month low. PMI Services dropped from 51.2 to 50.2, below expectation of 50.5, a 17-month low. PMI Composite dropped from Read more…

Germany PMI Manufacturing recovered from 49.3 to 49.8 in August, above expectation of 48.1.PMI Services dropped from 49.7 to 48.2, below expectation of 49.0, an 18-month low. PMI Composite dropped from 48.1 to 47.6, a Read more…

France PMI Manufacturing dropped from 49.5 to 49.0 in August, above expectation of 48.8, a 27-month low. PMI Services dropped from 53.2 to 51.0, below expectation of 53.5, a 16-month low. PMI Composite dropped from Read more…

GBPUSD inched to a new 29-month low of 1.1716 early on Tuesday, increasing the risk for a downtrend extension below July’s trough of 1.1758. The ongoing bearish correction follows the pullback from February’s resistance line. The Read more…

EURJPY is diving back below the near-term falling trend line and the 38.2% Fibonacci retracement level of the down leg from 124.40 to 144.25 at 136.75. The neutral to bearish picture in the short-term looks Read more…

The dollar index extends steep ascend from Aug 10/11 double-bottom (104.49) to probe through previous top at 109.12 (July 14) and hit new highest since Sep 2002. The greenback remains well supported by safe-haven flows Read more…

EUR/USD In less than a quarter, the U.S. dollar managed to reach parity with the euro for the second time. Unlike the previous time, where one euro traded for one dollar, the pair managed to Read more…

USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the markup of the final primary wave ⑤, which takes the form of Read more…