UK PMI Manufacturing was finalized at 45.3 in December, down from 46.5 in November, a 31-month low. S&P Global noted that production and new orders fell at faster rates, leading to accelerated job losses. Selling Read more…
The Fed has raised rates 7 times in a row, and the consensus among analysts is that it will do so again at the end of the month. At the moment, the majority of economics Read more…
GBPUSD has been marching higher since September when the pair recorded an all-time low of 1.0324. However, in the short-term, the price appears to be stuck in a tight range around the 200-day simple moving average Read more…
EURJPY stretched its bearish wave into the new year, tumbling to a three-month low of 138.20 on Tuesday. Previously, the support trendline drawn from March lows turned into resistance, squeezing the price below the 200-day Read more…
A mixed start to trading on Tuesday as traders return following the festive break to some rather gloomy forecasts for the coming year. The IMF is among those warning of a tough year, more so Read more…
Looking at the 1H timeframe for the NZDUSD currency pair, we see that the market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we Read more…
Gold price started a decent increase from the $1,795 zone against the US Dollar. The price was able to settle above the $1,810 level on FXOpen to move into a positive zone. The pair even Read more…
The Dow Jones ebbs and flows as investors probe risk appetite at the start of the year. The index has been struggling to hold onto the critical floor at 32500. The horizontal consolidation is a Read more…
The Australian dollar edges higher as traders shun safe haven assets like the greenback. The pair has clawed back a big chunk of its losses from the liquidation in mid-December. The bulls have shifted their Read more…
The pound underperforms as market participants remain worried about the UK’s economy in 2023. The pair continues to drift lower due to buyers taking profit after a two-month long rally and new sellers getting into Read more…