United States ISM Services PMI came in at 50.1 below forecasts (51.5) in July
United States ISM Services PMI came in at 50.1 below forecasts (51.5) in July
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United States ISM Services PMI came in at 50.1 below forecasts (51.5) in July
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Overall Analysis The Australian Dollar/US Dollar has currently in a selling trend for a long, following a channel-based moment. The Australian Dollar/New Zealand Dollar is also under selling pressure and is currently on a sensitive level. AUD/USD Chart Analysis AUD/USD 15-Minute Chart (Source: TradingView) On the 29th Oct 2024 price continues following the selling trend,…
The end of the year is marked in many different ways. In Ecuador and some parts of India, people build and burn effigies to symbolise the destruction of past grievances and the welcome of a fresh start. In Denmark, smashing plates is said to banish bad spirits, while people jump, as is the custom in…
Fed rate cuts and dollar weakness are driving gold higher, with markets pricing two more cuts this year. Geopolitical risks and U.S. shutdown uncertainty keep safe-haven demand strong despite record equity highs. Structural flows from ETFs and central banks reinforce the rally, with forecasts eyeing $4,000 by year-end. Gold remains firm on Friday, holding above…
EUR/USD edged higher to 1.1494 last week but lost momentum again. Initial bias stays neutral this week first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On the downside, break of 1.1356 support will…
Hello traders. Welcome to a new blog post that highlights the latest trade setups shared with the Elliott-wave-forecast members. In this post, the spotlight will be on the Eurostoxx-50. The post will uncover the setup that led to the recent Long position for educational purposes. The EuroStoxx refers to a family of stock market indices…
The EUR/USD outlook indicates increased volatility as traders weigh ECB and Fed policy outlooks. ECB policymakers said the central bank was still in a good place. US unemployment claims increased sharply to 264,000, well above the forecast of 235,000. The EUR/USD outlook indicates increased volatility as traders weigh a hawkish ECB and data supporting Fed…