The Aussie Dollar started a fresh increase from the 0.7120 support zone against the US Dollar. The AUD/USD pair traded above the 0.7150 level to move into a positive zone. The pair even traded above Read more…
UK PMI Manufacturing was unchanged at 57.3 in February, below expectation of 57.5. PMI Services surged from 54.1 to 60.8, above expectation of 55.2, an 8-month high. PMI Composite rose from 54.2 to 60.2, also Read more…
Gold in the previous trading session transmitted a bearish reversal message around the 1,900 price hurdle, following a three-week rally from the 1,780 trough. The hanging man candle formation is receiving credence with the subsequent Read more…
A belated good morning from Jakarta where I am on day two of managed isolation and where, unfortunately, my hotel room’s internet ceased functioning last night. Back home in New Zealand, it’s been nearly two Read more…
US/Russia summit lifts FX risk sentiment Most of the major currencies appear to be around their year-end levels as the end of the month approaches, having weathered a US dollar storm over the first five Read more…
Summary: After a nervous close to trading last week, sentiment has picked up to start the new week as French President Macron may succeed in brokering a summit between US President Biden and Russian President Read more…
Eurozone PMI Manufacturing dipped slightly from 58.7 to 58.4 in February, below expectation of 58.7. PMI Services, on the other hand, jumped from 51.1. to 55.8, above expectation of 51.7. PMI Composite rose from 52.3 Read more…
EUR/USD The test of the support zone at 1.1330 was not successful, and during the early hours of today`s trading, the pair is trading above the mentioned level. If the bulls prevail, then the expectations Read more…
Gold has become a winner amid escalating tensions between western countries and Russia. Investors have rushed to safe havens like gold, pushing its price to the highest level since June last year. Gold has risen Read more…
Germany PMI Manufacturing dropped from 59.8 to 58.5 in February, below expectation of 59.4. PMI Services rose from 52.2 to 56.6 in February, above expectation of 53.2, highest in six months. PMI Composite rose from Read more…