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Breaking: US ISM Services surpassed consensus in August
The US ISM Services PMI unexpectedly improved in August. The US Dollar clings to its daily gains on Thursday. Data from the Institute for Supply Management (ISM) showed the Services PMI rose to 52.0 in August, up from 50.1 in the previous month and exceeding analysts’ forecasts of 51.0. Meanwhile, the Prices Paid Index—which tracks…
UK and EU to explore renewed talks on defence cooperation
The UK and the EU are exploring the prospect of new talks on closer defence cooperation, as Keir Starmer stressed on Friday that he wanted to “go further” in the UK’s relationship with Brussels. Maroš Šefčovič, the EU’s trade commissioner, is due in London for talks next week, with trade, energy and fisheries on the…
The US tech sector is under sell-off. Platinum hits a 17-year high
At the close of Wednesday, the Dow Jones Index (US30) fell by 0.47%. The S&P 500 Index (US500) declined by 1.16%, and the tech-heavy Nasdaq Index (US100) closed lower by 1.81%. The US stock markets finished significantly down on Wednesday, extending their losing streak to a fourth consecutive session. The main pressure came from the…
German Business Climate Worse Than Expected; Euro/Pound Under Pressure – Action Forex
The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last…
Standard ADX MT4 Indicator – ForexMT4Indicators.com
The Average Directional Index (ADX) is a popular technical tool that measures the strength of a trend, regardless of its direction. It is usually displayed with two additional lines, +DI and –DI, which indicate positive and negative directional movement. Traders rely on the ADX to determine if a market is trending strongly or if it…
