Hang Seng Index Technical Outlook: Strong Upward Momentum
Higher highs registered on the weekly charts suggests that the Hang Seng Index’s trend remains […]
S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?
From a trader’s perspective, what should be interpreted from a market that earns a technical […]
US GDP and PCE Inflation Eyed Ahead of Fed Decision as Dollar Languishes
Investors will get the first reading on US GDP growth for the fourth quarter on […]
Fed Preview: What It Takes for the Fed to Cut Rates
Fed Preview: What It Takes for the Fed to Cut Rates The Fed looks keen […]
US PMI composite rose to 46.6, started 2023 on a disappointingly soft note
US PMI Manufacturing rose from 46.2 to 46.8 in January. PMI Services rose from 44.7 […]
Stocks Edge Lower With Earnings, PMI Data in Focus
US futures Dow futures -0.32% at 33513 S&P futures -0.36% at 4004 Nasdaq futures -0.57% […]
Choppy Trading
Equity markets are largely moving lower on Tuesday, reversing part of Monday’s gains in what […]
US 100 Index Fails to Conquer Downtrend Line and 200-day SMA
The US 100 cash index is flirting with the long-term downtrend line, taken from the […]
Gold Moving into Technical Resistance – Five Waves Up Can Cause a Slow Down
Gold came to new highs, but it’s seen in late stages of a final fifth […]
GBP/USD Slips on Record Debt, Soft PMIs
The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is […]
UK PMI composite hit 24-month low, decline rate remains only modest
UK PMI Manufacturing rose from 45.3 to 46.7 in January, above expectation of 45.4. However, […]
ECB Panetta: Beyond February any unconditional guidance would depart from data-driven approach
ECB Executive Board member Fabio Panetta said in an interview, “It was reasonable to increase […]