Wall Street looked to rebound from its lowest closing levels in nearly two months Friday, with U.S. equity futures nudging higher ahead of key activity data and a host of speeches Federal Reserve policymakers that Read more…
EURUSD keeps negative tone, but near-term action seems to be lacking firmer direction signals. Wednesday’s strong upside rejection left a daily candle with long upper shadow and formed a bull-trap above 10 DMA, signaling strong Read more…
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UK PMI Manufacturing sector had a slight uptick in September, moving from 43.0 to 44.2, surpassing expectations set at 43.0. Services PMI disappointed, recording a drop from 49.5 to 47.2, underperforming against the forecasted 49.0, Read more…
GBPJPY slid below 50-day SMA after BoE surprise decision to hold rates steady Remains in a gentle downward path despite today’s bounce after BoJ leaves policy unchanged Will the short-term pullback extend? GBPJPY had been stuck Read more…
USDCAD is in the red today, tests the support of the 200-day simple moving average The mixed momentum indicators complicate the outlook The SMAs’ convergence could open the door to a sizeable move ahead USDCAD Read more…
USDJPY bounced after BOJ policy decision, reversing Thursday’s loss and pressuring new 2023 high. The Bank of Japan left its ultra-low interest rate unchanged, in line with expectations and kept its dovish stance in a Read more…
Eurozone Manufacturing PMI was slightly disappointing in September, dipping from 43.5 to 43.4, failing to meet expectations set at 44.0. On the other hand, Services PMI indicated a slight revival, progressing from 47.9 to 48.4, Read more…
While Germany witnessed a modest improvement in its economic indicators for September, underlying concerns persist. PMI Manufacturing saw a slight climb from 39.1 to 39.8. Similarly, PMI Services edged up from 47.3 to just below Read more…
France’s economic indicators have signaled alarming trends as the country’s PMI Manufacturing slumped to 43.6 in September, marking a 40-month low. PMI Services and Composite figures too painted a grim picture, both plummeting to a Read more…