Gold has been experiencing a sustained downtrend since early March, creating a profound structure of lower highs and lower lows. However, the precious metal managed to cease its decline at the one-year low of 1,681 and Read more…
The euro is in positive territory today extending the gains seen on Monday. In the European session, EUR/USD is trading at 1.0262, up 0.35% on the day. German manufacturing declines The data out of the Read more…
Stock futures slip on first trading day of August; Oil dips ahead of key OPEC meeting; Pinterest, Activation Blizzard, Starbucks, Airbnb and Block set to report earnings this week. Here are five things you must Read more…
Eurozone unemployment rate was unchanged at 6.6% in June, matched expectations. EU unemployment rate was also stable at 7.2%. Eurostat estimates that 12.931 million men and women in the EU, of whom 10.925 million in Read more…
UK PMI Manufacturing was finalized at 52.1 in July, down from 52.8 in June. That’s also the lowest level in 25 months. S&P Global said that output fell in consumer and intermediate goods industries. Job Read more…
Bitcoin has added 6% over the past seven days, to $24.6K at one point, but now corrected to $23.2K. Ethereum has added 11% to $1700. Top-10 altcoins rose from 4% (Cardano) to 22% (Polkadot). The Read more…
Eurozone PMI Manufacturing was finalized at 49.8 in July, down from 52.1. That’s also a 25-month low. PMI Manufacturing Output Index was finalized at 46.3, down from June’s 49.3, a 26-month low. Looking at some Read more…
The current NZDUSD structure on the 1H timeframe suggests the formation of a new bearish trend, which may take the form of a primary impulse ①-②-③-④-⑤. This impulse can give rise to a global zigzag Read more…
EURUSD has been trading within a tight range after it managed to rebound from the 20-year low of 0.9951. In addition, the price is currently standing below both its descending 50- and 200-day simple moving Read more…
A mixed start to the week in Asia where Chinese PMIs dampened the mood as the reopening boost to activity quickly faded. The country was already facing an uphill challenge, to put it mildly, with Read more…