Fresh bullish acceleration in European session on Friday hit two-week high, as gold price benefits from weaker dollar. Calmer tones from the US policymakers about rate hikes in the coming months, weakened dollar’s bullish stance Read more…
UK PMI Services was finalized at 53.5 in February, up from January’s 48.6. PMI Composite was finalized at 53.1, up from prior month’s 48.5. Both were their strongest readings since June 2022. Tim Moore, Economics Read more…
Eurozone PMI Services was finalized at 52.7 in February, up from January’s 50.8. PMI Composite was finalized at 52.0, up from prior month’s 50.3. Both were at their 8-month highs. Looking at some member state, Read more…
The Euro started a fresh decline from the 1.0685 zone against the US Dollar. The EUR/USD pair traded below the 1.0655 level to move into a bearish zone. The pair even traded below the 1.0625 Read more…
Cycle from 12.9.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.9.2022 low, wave 1 ended at 82.64 and pullback in wave 2 ended at 72.31. Internal subdivision of Read more…
Cycle from 12.9.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.9.2022 low, wave 1 ended at 82.64 and pullback in wave 2 ended at 72.31. Internal subdivision of Read more…
DXY: Price is in an ascending channel along and at the same time, there is an Ichimoku cloud support that is pushing it up. Our 1st resistance is at 105.35 area which is a swing Read more…
China Caixin PMI Services rose from 52.9 to 55.0 in February, above expectation of 54.7. That’s also the highest reading since April 2021. PMI Composite rose from 51.1 to 54.2, highest since May 2021. Wang Read more…
Key Highlights USD/JPY extended its increase above the 136.50 resistance. A major bullish trend line is forming with support near 136.20 on the 4-hours chart. Gold price might revisit the $1,845 and $1,850 resistance levels. Read more…