Wall Street will look to hold onto the best rally of the year this week as investors face a five-day run bereft of headline risks put packed appearances from with Federal Reserve officials that could Read more…
U.S. equity futures edged higher Monday, following on the from the best week for the S&P 500 benchmark since November of last year, as investors pulled rate cut bets forward into early spring following a Read more…
According to Friday’s data, in the US: → the unemployment rate rose to 3.9% (expected = 3.8%). The last time the level was this high was in February 2022. → the number of workers employed Read more…
It is a classic economic puzzle akin to the chicken-and-egg dilemma: as interest rates reach their highest levels in over two decades, which vital component of the economy will give way first—spending or employment? When Read more…
Eurozone’s Sentix Investor Confidence Index rose from -21.90 to -18.6 in November, marking the highest level since June and surpassing analysts’ expectations of -22.5. The details of the report are also encouraging, with Current Situation Read more…
GBPUSD bulls held grip at the start of the week and cracked psychological 1.2400 barrier, in attempts to extend Friday’s nearly 1.5% advance. Fresh risk appetite gave strong boost to sterling, in addition to BOE’s Read more…
Eurozone PMI Services slumped to 47.8 (final reading) from September’s 48.7. PMI Composite index, which tracks both manufacturing and services, descended to a 35-month low of 46.5 from 47.2. The rate at which new business Read more…
Gold extends last week’s sideways move below 2,000 Bullish structure in progress above 1,980 Gold shifted to a sideways pattern after its impressive rally from a seven-month low of 1,800 run out of steam slightly above the 2,000 mark. Read more…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed Read more…
EURUSD is consolidating Friday’s 1.03% advance (the biggest daily rally since July 12) but keeping firm bullish tone for further advance. Soft US jobs data and less hawkish Fed deflated the US dollar, lifting the Read more…