As the chart shows, the price of XNG fell below 2.040 on January 31 for the first time since August 2020. This was facilitated by: → seasonal trend, because towards the end of winter the Read more…
Eurozone CPI slowed from 2.9% yoy to 2.8% yoy in January, above expectation of 2.7% yoy. CPI core (excluding energy, food, alcohol & tobacco) slowed from 3.4% yoy to 3.3% yoy, above expectation of 3.2% Read more…
UK PMI Manufacturing was finalized at 47.0 in January, up from December’s 46.2. This modest improvement, however, did not signal an end to the sector’s downturn, with continued contractions observed across key areas. Rob Dobson, Read more…
GBPUSD exposed to more declines in the short-term Outlook to stay neutral as long as the price holds above 1.2485 BoE policy announcement due at 12:00 GMT GBPUSD came under renewed downside pressure on the Read more…
Financial markets were buoyant last night due to news from the Fed. Interest rates remained unchanged — as expected. However, somewhat unexpected was the harsh rhetoric of Jerome Powell, who said that: → interest rate Read more…
Eurozone PMI Manufacturing was finalized at a 10-month high of 46.6 in January, up from December’s 44.4. Despite this, caution is advised as the index still hovers below the critical expansion threshold. Cyrus de la Read more…
WTI futures retreat after hitting 2-month high Violate 200-day SMA but 61.8% Fibo pauses decline Momentum indicators weaken but remain positive WTI oil futures (March delivery) had been staging a comeback from the December bottom of 68.00, jumping above Read more…
Key Highlights USD/CAD is moving higher from the 1.3320 support zone. It broke a key contracting triangle with resistance near 1.3420 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. The Read more…
Markets A mixture of market moving elements pushed US yields down yesterday from earnings over disappointing data to the Fed. Earnings news was perhaps not so much related to the likes of Microsoft & Alphabet Read more…
Short Term Elliott Wave view in Nikkei (NKD_F) suggests that rally to 37014 ended wave 3. Wave 4 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave Read more…