China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%)

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As anticipated, the price managed to update this year’s high. This could have been a signal for buyers to step back, as the upward impulse structure has now been fully formed. However, as often happens, the price tends to make one last attempt to break higher, shaking out those who believed too early in a……

EUR/USD holds firm at around 1.1550 on Monday, virtually unchanged as the Greenback trims some of its earlier losses amid news that the White House backs a deal to end the US shutdown in the coming days, as reported by Bloomberg. At the time of writing, the pair trades flat at 1.1560. Speculation of US…