Eurozone PMI Manufacturing dropped from 48.4 to 46.6 in October, a 29-month low. PMI Services dropped from 48.8 to 48.2, a 20-month low. PMI Composite dropped from 48.1 to 47.1, a 23-month low. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The eurozone economy looks set to contract in the fourth quarter […]
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Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…