Gold remains constructive and holding near $2000 barrier on Thursday after Tue/Wed double failure to register daily close above this level. Increased headwinds in this zone were anticipated, but shallow dips point to strong bids Read more…
Bank of Canada Governor Tiff Macklem said yesterday that enough may have been done to curb inflation. As follows from his words, current policies can lead to inflation returning to the target of 2%. The Read more…
In our analysis of the price of WTI oil dated November 8, we wrote that the price could recover to the level of USD 80 per barrel. After the price failed to reach the round Read more…
UK PMI data for November reflects a significant improvement in economic activity. Manufacturing PMI rose from 44.8 to a six-month high of 46.7, exceeding the anticipated 45.0. Services PMI increased from 49.5 to a four-month Read more…
WTI futures fall to a 4-month low before attempting a recovery But the 200-day SMA repeatedly rejects their rebound Momentum indicators suggest that bears are in charge WTI oil futures (January delivery) have been on the retreat since their Read more…
Market picture Crypto market capitalisation rose 2.4% in 24 hours to $1.42 trillion, with gains across a vast range of altcoins from +0.4% (BNB) to +15.6% (Uniswap). The Crypto Fear and Greed Index added 4 Read more…
EURUSD regained traction early Thursday and reduced downside risk, as two-day pullback was strongly rejected on Wednesday. Technical studies are mixed on daily chart as bullish momentum is fading while moving averages remain in bullish Read more…
Eurozone’s PMI data for November shows marginal improvement but continues to indicate broader recessionary trends. Manufacturing PMI increased slightly from 43.1 to a six-month high of 43.8, exceeding expectations of 43.4. Similarly, Services PMI rose Read more…
Germany’s November PMI data indicates a modest improvement in its economic situation, albeit still within recessionary bounds. Manufacturing PMI rose from 40.8 to 42.3, marking a six-month high, and Services PMI increased from 48.2 to Read more…
Recent PMI data for France underscores a deepening economic downturn. Manufacturing PMI dropped to a 42-month low, down from 42.8 to 42.6 in October, while Services PMI exhibited a negligible rise from 45.2 to 45.3. Read more…