Eurozone inflation eases below expectations in November
Consumer prices in the Eurozone eased to 10.0% in November from the record 10.6% previous month and surprised expectations for 10.4%, bringing a dash of optimism, though the outlook remains clouded.
Stronger than expected easing in price…
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China’s economic activity slows further in November – PMI
The latest Covid restrictions hit China’s economy, slowing further the activity in manufacturing and services sectors in November.
The manufacturing Purchasing Manager’s Index, which tracks the activity in manufacturing sector, fell to…
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German inflation was slightly lower in November but remains near its record high
German inflation, harmonized across all European Union member countries, was 11.3% in November, compared to a record level at 11.6% in October and in line with consensus at 11.3%.
Monthly HICP (Harmonized Index of Consumer Prices) was flat…
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Gold regains traction but near-term direction will depend on signals of Fed’s next steps
Gold jumped nearly 1% on Tuesday, fully reversing Monday’s drop, sparked by hawkish comments from Fed officials on interest rate hikes.
The dollar lost traction quickly after news, providing fresh support for the metal, though gains are…
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Bullish near-term bias above 10DMA
Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.1957 (rising 10DMA).
Larger uptrend remains intact but pausing after a failure on approach…
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Aussie rallies on improved sentiment as top of thick daily cloud provides strong support
The Australian dollar bounces strongly in Asian / early European trading on Tuesday (up 1.3%), lifted by improved risk sentiment on speculations that China could ease Covid restrictions after recent protests.
Fresh bullish acceleration…
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Bears pressure key support zone
The dollar’s sentiment weakened on Monday, pushing the index lower and signaling possible bearish continuation after a double-Doji (Thu/Fri).
Fresh bears cracked pivotal 200DMA (105.25) the upper boundary of key support zone at…
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Signals of bearish continuation expose Fibo target at 135.47
Fresh bearish acceleration on Monday (down 1.1% since opening), broke clearly through pivotal Fibo support at 138.62 (61.8% of 130.39/151.94) which recently contained several attacks and cracked Nov 15 spike low at 137.67, hitting the…
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Sustained break above 200DMA signals further advance
The Euro regained traction and jumped on Monday, generating signal that larger bulls are resuming after last Thu/Fri consolidation.
Fresh weakness of the US dollar lifts the single currency and bulls look for attack at key near-term…
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WTI falls to 11-month low as sentiment sours further
WTI oil price fell 3% and hit the lowest levels since late December 2021, in early Monday’s trading.
The sentiment remains weak and was further soured by Sunday’s protest in Shanghai over China’s strict Covid measures, boosting concerns…
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