France’s PMI data for August revealed a stark contrast between the manufacturing and services sectors. PMI Manufacturing fell from 44.0 to 42.1, marking an 8-month low and falling short of the expected 44.6. On the Read more…
AUDUSD gains more than 6% after bottoming at 0.6350 Immediate resistance near long-term downtrend line Technical oscillators suggest bearish correction AUDUSD has posted an impressive bullish rally after the bearish doji candle on August 5, Read more…
US Dollar Index Plummets on Revised Jobs Data and Dovish Fed Minutes BLS Revises US Job Growth Downward. Biggest Downward Revision Since the Global Financial Crisis. Fed Rate Cuts Priced In? Powell’s Jackson Hole Speech Read more…
Markets The US Bureau of Labour Statistics kept most of us waiting yesterday. The preliminary benchmark payrolls revision for the year through March 2024 eventually showed the feared, significant, downward revision. The actual payroll count Read more…
The minutes from the latest FOMC meeting showed yesterday that ‘several’ Federal Reserve (Fed) officials were ready to cut rates at the June meeting, while ‘vast majority’ of them were convinced that September would be Read more…
In focus today August Flash PMIs are due for release today from the euro area, the UK and the US. July figures signaled weakening growth momentum especially in the euro area as the manufacturing index Read more…
Short Term Elliott Wave View suggests rally in $DAX to 18892.92 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three structure where wave (W) ended at 17951.17 and wave (X) ended at Read more…
Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. It traded below a key bullish trend line with support at $77.00 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1120 resistance. Read more…
Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. EUR/USD’s rally is still in progress and intraday bias stays on the upside. With break of 1.1138 resistance, next target is 161.8% projection of 1.0665 to Read more…
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… USD/JPY’s fall from 149.35 is still in progress despite weak momentum. Intraday bias stays on the downside for retesting 141.67 low. Firm break there will resume Read more…