Is Plaza-style deal with Japan possible as U.S. pushes FX into trade talks?

By Ope Adetayo ABUJA (Reuters) -Nigeria has arrested seven Polish nationals for raising Russian flags during anti-government protests this week in the northern state of Kano, Peter Afunanya, a spokesperson for the state security service, said on Wednesday. Hundreds of thousands of Nigerians have been protesting since Aug. 1 against President Bola Tinubu’s painful economic…

Are we about to see a bounce or a break for Brent crude oil? The energy commodity has formed lower highs and higher lows lately, creating a symmetrical triangle pattern on its 4-hour chart. Better keep this triangle support zone on your radar if you’re hoping to catch a move! Brent Crude Oil (UKOIL) 4-hour…

The Eurozone Services PMI was revised higher to 50.1 in April from an initial reading of 49.7. This was below the March reading of 51.0 and barely above the 50-level which separates expansion from contraction. New orders were down and business confidence fell for a fourth straight month as purchasing managers are concerned about the…

GBP/USD stayed in consolidation below 1.3013 last week. Initial bias stays neutral this week first. On the downside, below 1.2869 will bring deeper correction. But downside should be contained above 38.2% retracement of 1.2248 to 1.3013 at 1.2721. On the upside, break of 1.3013 will resume the rally from 1.2099 towards 1.3433 high. In the…

Wall Street indexes fell as Fed Chair Powell’s comments suggested a less aggressive rate cut in November than anticipated. US PMI data indicated a sharp decline in manufacturing new orders, job shedding, and rising output price inflation. Triangle breakout pattern still in play from a technical standpoint. Retest and continuation? Most Read: Brent Crude –…