Canada S&P Global Manufacturing PMI: 46.1 (July) vs 45.6

EURUSD: The Euro-Dollar pair continues to hover around 1.0360 during the Asian session on Friday, remaining close to the low reached the previous day. Current levels suggest the possibility of the lowest weekly close since November 2022. The pair’s dynamics is influenced by the divergence in approaches to monetary policy between the ECB and the…

Brent crude oil price rose in its recent intraday trading, after reaching our target at $60.70, providing some of the positive momentum that assisted it to achieve these gains, amid the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line, with the continuation of the negative pressure…

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It was a back-and-forth day for US equities. The market liked what it saw in the US PCE report and that initially kicked off a rally but midway through trading it was erased. Later in the day, the bulls regrouped for a strong close. Tesla, Intel and Boeing were among the winners. The gains weren’t…

2024.10.11 2024.10.11 EUR/USD: Elliott wave analysis and forecast for 11.10.24 – 18.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 1.0773 with a target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.0773. Stop…

By Heekyong Yang, Ju-min Park and Hyunsu Yim SEOUL (Reuters) – Samsung Electronics (KS:)’ union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The union, which has about 28,000 members, or more than a fifth of the…