Cable jumped over one full figure and ticked above 1.21 mark on Tuesday, following upbeat Feb UK PMI data. Report from UK economy’s dominant services sector showed PMI jumping to 53.3 in February (the highest Read more…
GBPUSD has been attempting a solid recovery since September when the pair fell to an all-time low of 1.0324. However, this latest advance appears to be fading after being rejected twice at the 1.2445 region, while Read more…
It hasn’t been the most thrilling start to the week but the good news is that it should improve from here as the US rejoins and the economic calendar fills out. We were basically treading Read more…
It hasn’t been the most thrilling start to the week but the good news is that it should improve from here as the US rejoins and the economic calendar fills out. We were basically treading Read more…
Market movers today Today, all eyes will be on flash PMIs from Europe and the US. In the euro area, we look for potentially more evidence of rebounding activity amid easing inflation pressures. In the Read more…
Daily Pivots: (S1) 1.3432; (P) 1.3464; (R1) 1.3485; More…. USD/CAD retreated after hitting 1.3536 and intraday bias is turned neutral first. Outlook is unchanged that corrective pattern from should have completed at 1.3261. Above 1.3536 Read more…
Since forming the low on September 2022 at 11862.84, DAX shows an incomplete higher high (bullish) sequence. This favors further upside against 12.20.2022 low at 13791.52. Cycle from 12.20.2022 low ended as an impulsive Elliott Read more…
Since forming the low on September 2022 at 11862.84, DAX shows an incomplete higher high (bullish) sequence. This favors further upside against 12.20.2022 low at 13791.52. Cycle from 12.20.2022 low ended as an impulsive Elliott Read more…