Dollar is gaining some traction, emerging as the strongest currency of the week so far. Several factors are underpinning this momentum. First, Fed Chair Jerome Powell has reaffirmed the expectation of two additional rate cuts this year, adhering to the script established in the latest dot plot. This stance has tempered market speculation about another […]
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UK PMI Services was finalized at 52.4 in September, down from August’s 53.7, while PMI Composite declined to 52.6 from 53.8. Despite the slight slowdown, the UK economy remains in positive territory, supported by improving Read more…
Eurozone PMI Services was finalized at 51.4 in September, down from August’s 52.9. PMI Composite fell to 49.6 from 51.0, both hitting 7-month lows. This marks the first month since December 2023 that all of Read more…
NZDUSD pulls back from its 15-month top Stochastic tumbles to oversold region RSI falls near 50 level NZDUSD lost more than 2% following the pullback from the 15-month high of 0.6380, flirting with the short-term Read more…