Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off Read more…
Eurozone PPI rose 0.5% mom in June, but down -3.2% yoy, comparing to expectation of 0.3% mom, -3.2% yoy. For the month. Industrial producer prices increased by 0.1% for intermediate goods,1.6% for energy, 0.1% for Read more…
Eurozone Sentix Investor Confidence fell sharply from -7.3 to -13.8 in August, marking its lowest level since January. Current Situation Index dropped from -15.8 to -19.0, the lowest since February, while Expectations Index declined from Read more…
UK PMI Services was finalized at 52.5 in July, up from June’s 52.1. PMI Composite was finalized at 52.8, up from June’s 52.3. Joe Hayes, Principal Economist at S&P Global Market Intelligence, noted that the Read more…
Eurozone PMI Services was finalized at 51.9 in July, down from June’s 52.8, a 4-month low. PMI Composite was finalized at 50.2, down from June’s 50.9, a 5-month low. These figures indicate a slowing economy Read more…
Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to Read more…
Daily Pivots: (S1) 159.20; (P) 160.40; (R1) 161.09; More… EUR/JPY’s decline continues today and breached 155.91 fibonacci level. There is no sign of bottoming yet and intraday bias remains on the downside. Next target is Read more…
Daily Pivots: (S1) 0.8476; (P) 0.8505; (R1) 0.8551; More…. EUR/GBP’s rally continues today and intraday bias stays on the upside. Sustained break of above falling channel resistance (now at 0.8555) will raise the chance of Read more…
Daily Pivots: (S1) 1.6611; (P) 1.6690; (R1) 1.6836; More… EUR/AUD surges to as high as 1.7189 so far today, and the breach of 1.7062 resistance suggests larger rally resumption. Intraday bias remains on the upside Read more…
Daily Pivots: (S1) 0.9330; (P) 0.9385; (R1) 0.9415; More…. EUR/CHF dives through 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320 today. Breach of 0.9252 low argues that larger down trend might be resuming. Read more…