The dollar index stabilized in early European trading on Thursday, after a gap lower opening and dip to two-week low, as less hawkish than expected remarks from Fed Chair Powell on Wednesday, soured the sentiment. Read more…
UK PMI Manufacturing was finalized at 46.5 in November, up from October’s 46.2. S&P Global said intermediate goods remained the weakest performing sector. Business sentiment dipped to the lowest since April 2020. Input price inflation Read more…
AUDUSD jumped into the 0.6800 territory early on Thursday after a remarkable session in November, which added 6% to the pair’s value—the largest gain since April 2020. The progress followed the confirmation of a bullish Read more…
WTI oil futures (January delivery) have been stuck in a downtrend since mid-June when the price failed to surpass the 121.00 mark. Moreover, in the last few daily sessions, the commodity plummeted to a fresh 11-month low before Read more…
Eurozone PMI Manufacturing was finalized at 47.1in November, up from October’s 46.4. Looking at some member countries, Ireland PMI Manufacturing was at 48.7 (30 mth-low), Italy at 48.4, Greece at 48.4, France at 48., Austria Read more…
DAX rallies post-Federal Reserve Chair Jerome Powell’s speech After surging 8% across the month of November, the DAX is showing few signs of slowing. The German index is pointing to a 1% jump o the Read more…
We’re seeing green flashing across the board on Thursday, with sentiment buoyed by positive signals on Fed rate hikes and China’s Covid response. While it could be argued that Jerome Powell’s comments on Wednesday were Read more…
Daily Pivots: (S1) 165.54; (P) 166.48; (R1) 167.45; More… GBP/JPY’s fall resumed after brief recovery and intraday bias is back on the downside for 163.02 support. Break there will resume the whole decline from 172.11 Read more…
Daily Pivots: (S1) 142.96; (P) 143.91; (R1) 144.64; More…. EUR/JPY’s choppy decline from 148.48 resumed by breaking through 142.54 support. Intraday bias is back on the downside. Deeper fall would be seen to 61.8% retracement Read more…
Daily Pivots: (S1) 0.8613; (P) 0.8637; (R1) 0.8653; More… Intraday bias sin EUR/GBP is turned neutral as recovery was rejected by 4 hour 55 EMA. Overall outlook stays bearish with 0.8827 resistance intact. On the Read more…