Whilst EUR/USD flirted with the parity level in July, the anti-dollar saw a clear daily close beneath this key level yesterday for the first time in nearly 20-years. Asian Indices: Australia’s ASX 200 index fell Read more…
In our last update on gold a month ago, we were watching for a false break below range lows at $1670 to set up a rebound. While the false break lower did not eventuate, a Read more…
Monday blues kicked in following a $7 trillion rally since July, which was mainly fueled by the expectation that the recession rhetoric would convince the Federal Reserve (Fed) to stop raising the rates and even Read more…
Billionaire wants to convince a Delaware court he was right to withdraw his $44 billion bid for the microblogging website. The legal battle between Elon Musk and Twitter (TWTR) – Get Twitter Inc. Report is heating Read more…
Market movers today A key focus today will be the August flash PMIs out in most western countries. In Europe, further declines – as also signalled by ZEW – will probably be in store, as Read more…
Credit: YouTube/JerryRigEverything OnePlus has issued a response after the OnePlus 10T failed a YouTuber’s bend test. The company says that the OnePlus 10T met or exceeded durability testing in its labs. OnePlus phones made headlines Read more…
Daily Pivots: (S1) 0.9897; (P) 0.9972; (R1) 1.0018; More… EUR/USD’s break of 0.9951 support confirms down trend resumption. Intraday bias stays on the downside for 61.8% projection of 1.0773 to 0.9951 from 1.0368 at 0.9860. Read more…
European majors, including the Swiss Franc, are under much selling pressure currently. EUR/USD dived through parity, and hit a new low. The development came on worries that Russia will further weaponize its natural gas supplies Read more…
Following broad-based selloff in Euro, EUR/CAD finally broke out of range this week and it’s now resuming long term down trend. Outlook is clearly bearish with the cross staying well inside falling channel, with recovered Read more…
Japan PMI Manufacturing dropped from 52.1 to 51.0 in August, below expectation of 51.8. PMI Manufacturing Output dropped from 49.7 to 48.3. That’s also the lowest level in 19 months. PMI Services dropped from 50.3 Read more…