European majors, including the Swiss Franc, are under much selling pressure currently. EUR/USD dived through parity, and hit a new low. The development came on worries that Russia will further weaponize its natural gas supplies Read more…
Following broad-based selloff in Euro, EUR/CAD finally broke out of range this week and it’s now resuming long term down trend. Outlook is clearly bearish with the cross staying well inside falling channel, with recovered Read more…
Japan PMI Manufacturing dropped from 52.1 to 51.0 in August, below expectation of 51.8. PMI Manufacturing Output dropped from 49.7 to 48.3. That’s also the lowest level in 19 months. PMI Services dropped from 50.3 Read more…
Australia PMI Manufacturing dropped from 55.7 to 54.5 in August, a 12-month low. PMI Services dropped from 50.9 to 49.6, a 7-month low. PMI Composite Output dropped from 51.1. to 49.8, a 7-month low. Laura Read more…
USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high and testing the first resistance at 137.602 where the 78.6% fibonacci retracement and 161.8% extension sits. If bullish momentum continues, Read more…
Key Highlights GBP/USD declined heavily below 1.2000 and 1.1850. Many hurdles are forming near 1.1900 and 1.2000 on the 4-hours chart. EUR/USD declined heavily below the parity level. The US Manufacturing PMI could decline from Read more…
With troubling economic data out of China leading to rate cuts, along with an expected hawkish speech from Fed Chairman Powell on Friday at the Jackson Hole Symposium, USD/CNH could be volatile this week. The Read more…
EURUSD broke below the parity 1.0000 Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). Read more…
He could face up to 10 years in prison. | Illustration by Alex Castro / The Verge Xiaolang Zhang has pled guilty to stealing trade secrets from Apple, where he worked on a self-driving car Read more…