Eurozone services sector slows further in April
Eurozone services activity contracted in April for the first time in nearly a year, as weakening demand and a decline in export business weighed on the bloc’s dominant sector, according to new survey data.
The Services Purchasing Managers’…
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RBA raises interest rates by 25 bps in the third consecutive rate hike this year
Australia’s central bank raised interest rates for the third time this year on Tuesday, pushing borrowing costs back to post-pandemic highs and warning that inflation is likely to remain persistent amid a global oil shock tied to conflict…
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US services sector growth slows in April – PMI
US services sector growth slowed for a second consecutive month in April, as weakening demand and persistent cost pressures weighed on activity, according to a survey released Tuesday by the Institute for Supply Management (ISM).
The ISM…
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Brent price rises on fresh tensions in the Middle East, further supply disruption fears
Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to enter the straight.
In…
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GOLD – bears dominate while the price holds below falling thick daily cloud
Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that all of them kept…
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BTCUSD – bulls regain control and eye psychological 80K barrier
Bitcoin remains on front foot for the second consecutive session and accelerates gains on Friday, to crack Fibo barrier at 78875 (50% of 97946/59805 descend), which guards recent double top (79500 zone) and psychological 80000 barrier.…
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Japanese yen surges on likely intervention of Japan’s authorities
Japanese yen surged across the board on Tuesday, gaining around 3% vs its major counterparts, in the biggest daily gain since late 2022.
The rally was sparked by comments from Japan’s FinMin who said that timing to take decisive action…
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Gold remains under increased pressure ahead of FOMC decision and more important remarks from Powell
Gold holds in red for the third consecutive day, pressured by growing fears that elevated oil prices would lift inflation and prompt Fed to take more hawkish stance on monetary policy.
The yellow metal remains in defensive since…
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Brent price hits one-month high on worries over USA/Iran peace talks stall
Brent oil rose over 4% on Tuesday and hit its highest in almost one month, as growing uncertainty over disappointing signs from Middle East peace talks, with Strait of Hormuz remaining mainly closed and raising fears about stronger negative…
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EURUSD – recovery accelerates and cracks daily cloud top, 20/200 DMA bull-cross underpins
The Euro firmed further on Monday, generating initial signal of formation of reversal pattern on daily chart.
Recovery from a higher base at 1.1660 zone extends into second straight day and cracks significant barrier at 1.1745 (top of…
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