The economic outlook for Eurozone dimmed as Sentix Investor Confidence Index suffered its third consecutive monthly fall, reaching an eight-month low in July. The index tumbled from -17 to -22.5, significantly underperforming market expectations of Read more…
Daily Pivots: (S1) 1.0900; (P) 1.0936; (R1) 1.1006; More… Intraday bias in EUR/USD remains neutral for the moment, and further rally is in favor. On the upside, break of 1.1011 will resume the rise from Read more…
DXY: The DXY (US Dollar Index) chart currently demonstrates a bearish momentum, indicating a downward bias in the market. This is supported by the price being below a major descending trend line, which suggests the Read more…
Daily Pivots: (S1) 0.6640; (P) 0.6671; (R1) 0.6723; More… AUD/USD dips mildly today but stays inside established range above 0.6594. Intraday bias remains neutral for the moment. With 0.6710 resistance intact, further decline is in Read more…
China’s factory-gate inflation, as measured by PPI, marked its ninth consecutive decline in June, slumping by -5.4% yoy. This drop is the steepest since December 2015 and outstripped -4.6% yoy in May, a well as Read more…
China’s factory-gate inflation, as measured by PPI, marked its ninth consecutive decline in June, slumping by -5.4% yoy. This drop is the steepest since December 2015 and outstripped -4.6% yoy in May, a well as Read more…
Key Highlights EUR/USD started a fresh increase from the 1.0835 support. It broke a major bearish trend line with resistance near 1.0890 on the 4-hour chart. GBP/USD also started a fresh increase and climbed above Read more…
EUR/USD: Much Depends on the CPI The Dollar Index (DXY) steadily increased during the past week, leading up to Thursday, July 6. As a result, EUR/USD was more inclined towards the American currency, causing the Read more…