Eurozone GDP grew 0.2% qoq in Q3, slightly above expectation of 0.1% qoq, but much slower than Q2’s 0.8% qoq. EU GDP grew 0.2% qoq too, slowed from Q2’s 0.7% qoq. Among the Member States Read more…
Eurozone CPI accelerated from 9.9% yoy to 10.7% yoy in October, above expectation of 9.9% yoy. CPI core (all-items ex energy, food, alcohol & tobacco also rose from 4.8% yoy to 5.0% yoy, above expectation Read more…
WTI oil starts week in red, dropping 2.1% in early Monday’s trading, as sentiment was soured by weak China’s manufacturing data and widening Covid restrictions, threatening of slower demand from the world’s second largest economy Read more…
The dollar extends rally into third straight day Monday, advancing around 0.4% in Asia / early Europe on Monday. The greenback received fresh support from renewed hopes that the Fed will remain on aggressive mode Read more…
Foxconn disputed reports of a massive Covid outbreak at its Zhengzhou plant, but is working to expand production at other sites amid concerns over worker safety. Apple (AAPL) – Get Apple Inc. Report shares slipped lower Read more…
Stock futures lower, treasury yields jump; Week Ahead: Earnings, Fed, jobs data in focus; Brazil elects Lula in narrow presidential runoff; Apple shares slip on China iPhone output concerns and Elon musk sets out Twitter Read more…
In the long term, EURUSD seems to be forming a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the formation of Read more…
EURUSD has been losing ground since the beginning of the year, creating a clear structure of lower highs and lower lows. Although the pair managed to cross above both its descending channel and the 50-day simple Read more…
The Aussie Dollar started a fresh decline from the 0.6520 resistance zone against the US Dollar. The AUD/USD pair declined below the 0.6450 level to move into a bearish zone. There was a clear move Read more…
Gold prices are moving lower after several failed attempts to jump above the short-term simple moving averages (SMAs). The price remains below the long-term descending trend line and the technical oscillators currently confirm the bearish structure. The MACD Read more…