European stock markets are plunging at the start of the week following a day of mixed trade in Asia, with Gazprom’s announcement on Friday weighing heavily on the bloc. A bank holiday in the US Read more…
Eurozone Sentix Investor Confidence dropped further from -25.2 to -31.8 in September, below expectation of -27.5. That’s also the lowest level since May 2020. Current Situation Index dropped from -16.3 to -26.5, lowest since February Read more…
UK PMI Services was finalized at 50.9 in August, down from July’s 52.6. PMI Composite was finalized at 49.6, down from prior month’s 51.2, the first contraction reading in 18 months. Chris Williamson, Chief Business Read more…
Eurozone PMI Services was finalized at 49.8 in August, down from July’s 51.2, a 17-month low. PMI Composite was finalized at 48.9, down from prior month’s 49.9, a 18-month low. Looking at some member states, Read more…
Swiss GDP grew 0.3% qoq in Q2, below expectation of 0.4% qoq. Looking at some details, manufacturing contracted -0.5%. Construction contracted -1.7%. Trade dropped -2.1%. However, accommodation and food grew strongly by 12.4%. By expenditure Read more…
Gold price started a major decline from well above the $1,750 level against the US Dollar. The price traded below the $1,720 support to move into a bearish zone. It traded as low as $1,688 Read more…
Cable hits new 29-month low on Monday, in extension of bearish acceleration in past three weeks, a part of larger downtrend. The pound remains under strong pressure on risk aversion, driven by growing economic and Read more…
EURUSD opened with a gap lower on Monday to chart a new 20-year low at 0.9877. The constraining descending line, which connects all the lows from August 2018, continued to buffer downside pressures ahead of Thursday’s Read more…
Gold has been trending lower since early March, generating a profound structure of lower highs and lower lows within a descending channel. Although the precious metal’s latest downleg came to a halt at the six-week Read more…
Market picture Bitcoin declined 0.4% over the past week, ending at around $19,900 without experiencing any significant movement during that time. For now, we can only say that the crypto market is wagering on the Read more…