GBP/USD: The Cable Dips Further on Renewed Risk Aversion
Cable remains in red on Friday and extends lower after nearly 2% drop on Thursday, […]
EUR/USD: Larger Bulls to Stay Intact above Daily Tenkan-Sen
The Euro remains at the back foot in European trading on Friday, after Thursday’s drop […]
Swiss Franc Reverses Slide after SNB Hike
SNB raises rates by 50 bp, Swiss franc rises Major central banks were in the […]
Eurozone PMI composite rose to 48.8, consistent with -0.2% GDP contraction in Q4
Eurozone PMI Manufacturing rose from 47.1 to 47.8 in December. PMI Services rose from 48.5 […]
GBPJPY Hovers in Ascending Triangle Near 167.00
GBPJPY reversed to the downside to test its short-term simple moving averages (SMAs) after the pullback off […]
EUR/USD Pair Started a Fresh Increase Above 1.0650
The Euro started a fresh increase above the 1.0650 and 1.0665 resistance levels against the […]
Bundesbank expects no severe economic slump in Germany
Bundesbank projects that the German economy will contract -0.5% in 2023, then grow by 1.7% […]
NAS 100 Breaks Major Support
The Nasdaq 100 plunged as global central banks’ hawkishness rattled investors. The choppy price action […]
NZD/USD Drifts Lower
The New Zealand dollar slipped after the Fed stressed on keeping the interest rates high […]
USD/CHF Attempts to Bottom Out
The Swiss franc retreated after the SNB raised its policy interest rate by 50 basis […]
Back to Economic Data With All-Important European PMI
Markets The ECB delivered a 50 bps hawkish-to-the-bone rate hike yesterday. More than a third […]
UK PMI manufacturing fell to 44.7, services recovery to 50.0
UK PMI Manufacturing dropped from 46.5 to 44.7 in December, a 31-month low. PMI Services […]