The euro struggles amid escalation in Western sanctions. A bullish attempt above 0.8400 indicates an upward bias as sellers cover their positions. 0.8310 has been solid support. And the market mood may become increasingly upbeat Read more…
The Swiss franc rallies as new sanctions against Russia trigger a flight to safety. The pair has met stiff resistance in the supply area (0.9290). Then a drop below 0.9220 and 0.9170 suggests that sentiment Read more…
GBPUSD switched to a bullish mode after last week’s crash ceased at a two-month low of 1.3279. That said, the pair is still some way below February’s highs and downside risks keep lingering in the background as Read more…
Eurozone PMI Manufacturing was finalized at 58.2 in February, down slightly from January’s 58.7. Markit said demand for Eurozone goods rose at fastest rate since last August. Supplier delivery times lengthened to weakest extent for Read more…
Germany PMI Manufacturing was finalized at 58.4 in February, down from January’s 59.8. Markit said there were sharp rise in backlogs as growth in the new orders outstripped output. Factory cost inflation slipped further from Read more…
France PMI Manufacturing was finalized at six-month high of 57.2 in February, up from January’s 55.5. Markit said manufacturing output increased at fastest rate since last July. Demand for goods improved despite steep output price Read more…
EUR/USD The euro managed to recover half of its Monday losses against the U.S. dollar. The main news is that Russia and Ukraine have agreed to negotiate on the border with Belarus. However, the recovery Read more…
Short Term Elliott Wave View suggests the rally from January 19 low ended wave 1 at 1.28775. Internal subdivision of wave 1 unfolded as a 5 waves impulse structure. Up from January 19 low, wave Read more…
EURJPY ended Monday in the green, recovering the negative gap and is now challenging the 129.00 psychological level. The pair has been in a descending movement in the short-term timeframe after the pullback of the Read more…
American stocks retreated modestly on Monday as the tensions in Russia rose. The Dow Jones fell by more than 400 points while the S&P 500 fell by more than 20 points. The Nasdaq 100 index Read more…