In focus today In the euro area, focus turns towards the German Ifo indicator. It will be important to see if it shows the same improvement in the manufacturing sector like the PMIs did last Read more…
Key Highlights EUR/USD is attempting a fresh increase above the 1.1650 resistance. It cleared a key declining channel with resistance at 1.1685 on the 4-hour chart. GBP/USD is holding gains above the 1.3400 pivot zone. Read more…
Typically, the last week of August is something of a let-down. It’s just ahead of Labor Day. Market activity tends to slow way down because so many on Wall Street are headed to the beach or Read more…
Ethereum briefly surged to a new record above 4,900 over the weekend but has struggled to sustain momentum just shy of the 5,000 psychological barrier. While ETH has outpaced Bitcoin in recent weeks on the Read more…
Markets were quiet for most of last week as traders waited for Fed Chair Jerome Powell’s speech at Jackson Hole. Until Friday, the U.S. dollar traded sideways and stocks moved lower as investors wanted to Read more…
At Jackson Hole on Saturday, ECB President Christine Lagarde credited foreign workers with playing a vital role in supporting the Eurozone economy. She said migration inflows have helped counterbalance reduced working hours and weaker living Read more…
BoE Governor Andrew Bailey warned at Jackson Hole on Saturday that the UK faces an “acute challenge” of weak underlying growth compounded by reduced Labor force participation. He stressed that with ageing demographics unlikely to Read more…
BoJ Governor Kazuo Ueda told a Jackson Hole panel on Saturday that Japan’s labor shortages are becoming “one of our most pressing economic issues.” He highlighted that wage growth, once concentrated in large enterprises, is Read more…
Retail spending levels rose 0.5% in the June quarter, beating expectations. Retail sector conditions remain tough, but we are starting to see signs of the long-awaited recovery taking shape. June quarter retail sales Retail sales Read more…
Dow (YM) Futures bounced from the extreme support zone and broke to new highs, extending April’s bullish cycle. This post shows how our Elliottwave analysis positioned members ahead of the move—spotting the setup before the Read more…