German, Eurozone PMIs accelerate The euro is trading slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0917, up 0.27%. German PMIs accelerate but still in decline German PMIs were released earlier Read more…
Bulls regained control on Thursday after better than expected UK PMI data (services and composite rose above 50 threshold which divides contraction from growth and manufacturing sector performed better than expected) brightened the outlook and Read more…
Gold remains constructive and holding near $2000 barrier on Thursday after Tue/Wed double failure to register daily close above this level. Increased headwinds in this zone were anticipated, but shallow dips point to strong bids Read more…
Bank of Canada Governor Tiff Macklem said yesterday that enough may have been done to curb inflation. As follows from his words, current policies can lead to inflation returning to the target of 2%. The Read more…
In our analysis of the price of WTI oil dated November 8, we wrote that the price could recover to the level of USD 80 per barrel. After the price failed to reach the round Read more…
UK PMI data for November reflects a significant improvement in economic activity. Manufacturing PMI rose from 44.8 to a six-month high of 46.7, exceeding the anticipated 45.0. Services PMI increased from 49.5 to a four-month Read more…
WTI futures fall to a 4-month low before attempting a recovery But the 200-day SMA repeatedly rejects their rebound Momentum indicators suggest that bears are in charge WTI oil futures (January delivery) have been on the retreat since their Read more…
Market picture Crypto market capitalisation rose 2.4% in 24 hours to $1.42 trillion, with gains across a vast range of altcoins from +0.4% (BNB) to +15.6% (Uniswap). The Crypto Fear and Greed Index added 4 Read more…
EURUSD regained traction early Thursday and reduced downside risk, as two-day pullback was strongly rejected on Wednesday. Technical studies are mixed on daily chart as bullish momentum is fading while moving averages remain in bullish Read more…
Eurozone’s PMI data for November shows marginal improvement but continues to indicate broader recessionary trends. Manufacturing PMI increased slightly from 43.1 to a six-month high of 43.8, exceeding expectations of 43.4. Similarly, Services PMI rose Read more…