Gold Down But Not Out as Traders Eye NFP
Gold and silver slumped sharply on Thursday and were struggling again ahead of the US […]
ETHUSD Hovers Around Highs, But Bullish Momentum is Weakening
ETHUSD (Ethereum) is moving sideways today, just below the January 21 high of 1,679. Cryptocurrencies […]
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 20, 2023 when GBP/JPY traded near 160.62.
Traders are further net-long than yesterday and last week, and the combination of current sentiment […]
UK PMI services finalized at 48.7 in Jan, downside remained relatively shallow
UK PMI Services was finalized at 48.7 in January, down from December’s 49.9, fastest contraction […]
ECB Simkus and Kazimir: Mar rate hike is not the last
ECB Governing Council member Gediminas Šimkus said, “I see positive trends for inflation”. Headline inflation […]
RBA to Hike after Worrying Signs for Economy
It had seemed that the RBA was almost done with the rate hikes, as several […]
EUR/USD pair moved into a short-term bearish zone below 1.1000
The Euro started a downside correction from the 1.1035 zone against the US Dollar. The […]
Eurozone PMI services finalized at 50.8 in Jan, remains too early to completely disregard recession risks
Eurozone PMI Services was finalized at 50.8 in January, up from December’s 49.8, hitting a […]
Elliott Waves Suggest More Upside on GBP/USD after a Drop to 1.18-1.2 Area
Cable is back in an uptrend after a capitulation back in September 2022. Notice that […]
GBPJPY Declines Sharply on Dovish BoE Remarks
GBPJPY has been losing ground since early November when it posted a fresh seven-year high of […]
NASDAQ enjoying best year start in decades as focus turns to NFP
Overall risk sentiment is on the positive side as market focus turn to non-farm payroll […]
EU PPI up 1.1% mom, 24.6% yoy in Dec, EU up 1.2% mom, 25.2% yoy
Eurozone PPI rose 1.1% mom, 24.6% yoy in December. For the month, industrial producer prices […]