The AUDUSD started trading in May in negative mode and extended to new lowest since Jan 2020 in early Monday, despite holiday-thinned Asian markets. Nears remain fully in play after 5.6% drop in April, the Read more…
Eurozone Economic Sentiment Indicator dropped from 106.7 to 105.0 in April. Industry confidence dropped from 9.0 to 7.9. Services confidence ticked down from 13.6 to 13.5. Consumer confidence dropped from -21.6 to -22.0. Retail trade Read more…
The dollar is consolidating just under new 20-year high, posted after a brief probe above former tops of 2017/2020 (103.80) and maintain firm bullish tone. The greenback remains well supported by a number of technical Read more…
The price of crude oil dipped slightly even after Germany backed a phased-in ban of Russian oil imports. In a statement, one of the closest advisors of Olaf Scholz said that Berlin was in favour Read more…
Eurozone PMI Manufacturing was finalized at 55.5 in April, a 15-month low, and down from March’s 55.5. Output index was finalized at 50.7, a 22-month low, down from March’s 53.1. Looking at some member states, Read more…
Germany PMI Manufacturing was finalized at 54.6 in April, a 20-month low, down from March’s 56.9. S&P Global said supply disruption and weaker demand weighed on output. Soaring costs drove unprecedented rise in prices charged. Read more…
France PMI Manufacturing was finalized at 55.7 in April, up from March’s 54.7. S&P Global said manufacturing output growth was constrained by war in Ukraine. There were reports of automotive sector weakness, while supply issues Read more…
Swiss SECO consumer climate dropped sharply from -4 to -27 in Q2, well below expectation of -15. That’s was the biggest decline since the onset of the pandemic, and the reading was below long-term average Read more…
The Dax 40 weakens as the energy crisis in Europe casts doubt on growth. A bullish RSI divergence indicates a slowdown in the current liquidation. A break above the latest sell-off point at 14140 prompted Read more…
The euro bounces back as core inflation across the eurozone accelerated to 3.5% in April. On the daily chart, the pair is in a narrowing consolidation between 1.0100 and 1.0370, a sign of stabilization after Read more…