Eurozone unemployment dropped from 6.7 to 6.6% in July, matched expectations. EU unemployment dropped from 6.1% to 6.0%. Eurostat estimates that 12.959 million men and women in the EU, of whom 10.983 million in the Read more…
Cable dips below 1.16 handle in early Thursday, hitting the lowest levels in 29 months, pressured by fading risk appetite on darkening economic outlook and strong dollar, driven by expectations for further aggressive stance of Read more…
UK PMI Manufacturing was finalized at 47.3 in August, down sharply from July’s 52.1. That’s also the lowest level in 27 months. S&P Global added that output, new business and new export orders contracted sharply. Read more…
Eurozone PMI Manufacturing was finalized at 49.6 in August, down slightly from July’s 49.8. But that’s still a 26-month low. Readings for the Netherlands at 52.6 (22-month low), Ireland at 51.1 (22-month low), France at Read more…
USDCHF was flirting with the 0.9800 level during the early European trading hours, the highest since mid-July as trading for September began ahead of Friday’s US nonfarm payroll report. The pair is set for its third consecutive Read more…
AUDUSD is plunging towards a new six-week low at 0.6790, penetrating the symmetrical triangle to the downside. This break is a sign of more losses in the market, confirmed by the technical indicators as well. Read more…
EUR/USD The bears ramped up the pressure with the start of the session of the single European currency.. The bulls failed to confirm their breacht of the resistance at 1.0054 and the bears took the Read more…
WTI crude found support from a larger-than-expected drop in US stockpile. The price met selling pressure in the supply zone around 97.50 and a fall below 93.50 forced short-term buyers to bail out, driving up Read more…
The euro rallies ahead of an aggressive hike by the ECB. A surge above the daily resistance at 0.8580 may have turned sentiment around after a two-month long correction. 0.8680 at the start of the Read more…
The Canadian dollar softens after the Q2 GDP fell short of expectations. A rally above 1.3060 prompted sellers to cover their bets, opening the path for an extended recovery. A series of higher lows indicates Read more…