Trade Idea: Breakdown of Major Pairs
Even though we’ve only witnessed sluggish movements from the Dollar over the past few weeks, […]
Traders Await FOMC Minutes to Learn About Fed’s Outlook on Monetary Policy
On Tuesday, the Swiss franc was the best-performing currency among the 20 global currencies we […]
Eurozone PMI composite ticked up to 47.8, consistent with -0.2% GDP contraction in Q4
Eurozone PMI Manufacturing rose from 46.4 to 47.3 in November. PMI Services was unchanged at […]
Germany PMI composite rose to 46.6, contraction maybe shallower than first feared
Germany PMI Manufacturing improved from 45.1 o 46.7 in November. PMI Services dropped from 46.5 […]
Awaiting the Fed Minutes
Equity markets appear to be treading water on Wednesday as we await the latest batch […]
USDJPY Trades Flat as Latest Rebound Falters
USDJPY has been in a prolonged uptrend for almost two years, crossing above its historical resistance levels to […]
NZDUSD Needs to Surpass 0.6200 for More Bullish Actions
NZDUSD is testing the 0.6200 psychological mark once again after it broke the long-term descending […]
France PMI composite dropped to 48.8, vital support from services ended
France PMI Manufacturing improved from 47.2 to 49.1 in November. But PMI Services dropped from […]
EUR/USD Extends Yesterday’s Advance, Count Down to the November PMIs
Markets Risk-on held the upper hand during an initially choppy trading session yesterday. Stocks finished […]
Elliott Wave View: Silver (XAGUSD) 5 Waves Down Suggests Further Downside
Short term Elliott Wave View in Silver (XAGUSD) suggests cycle from 7.14.2022 low completed as […]
No Recession, But Slow and Low Growth
The OECD said the global economy will avoid a recession this year, and next year, […]
UK PMI composite ticked up to 48.3, downturn will deepen into new year
UK PMI Manufacturing was unchanged at 46.2 in November. PMI services was also unchanged at […]