Markets US stock markets ended mixed yesterday with the industrial Dow Jones closing unchanged, the S&P 500 ceding 1.2% and the tech-heavy Nasdaq grinding 2.6% lower. Rotation out of big AI-names thus continues, making Tuesday/Wednesday’s improvement a dead cat bounce. The Nasdaq closed just above first technical support at 26k. A break lower implies downward […]
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The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to Read more…
Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…