Mixed surveys suggest that China’s economy struggles to regain traction
China’s official manufacturing purchasing managers’ index rose to 50.1 in September from 49.4% in August and above 49.6 forecast, while private manufacturing PMI survey, which typically covers smaller, export-oriented companies, showed a…
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German inflation hits the highest levels in 26 years in September
German inflation rose well above expectations in September, reaching the highest in over a quarter of a century, primarily driven by surging costs of energy, which increased by 43.9% compared to the same period last year.
Harmonized…
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Oil keeps firm tone on talks of OPEC+ production cut
The WTI oil price regained traction and rose to one-week high in mid-Thursday’s trading, advancing over $1 following drop in Asia / early Europe.
Fresh strength signals that recovery from new nine-months low ($76.35) keeps traction after…
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Bears regain control after bulls got trapped at pivotal Fibo barrier
The Euro returned to red in early Thursday’s trading and has already retraced a half of Wednesday’s 1.5% recovery rally, after traders reacted on oversold conditions.
It seems that bounce was short-lived, as recovery repeatedly failed to…
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Correction faced strong headwinds at key resistances
Cable is standing at the back foot in early Thursday, signaling that two-day recovery on oversold conditions, which was sparked by strong downside rejection on Monday, might be running out of steam.
Price adjustment on profit taking after…
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Bears are likely to travel further as conditions continue to worsen
The Euro hit new marginally lower 20-year low in early Wednesday, as risk assets fell in Asia, lifting the dollar to new high.
Technical studies show indicators on daily chart in full bearish setup, with oversold conditions likely to slow…
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The dollar is at its highest levels in the last twenty years, and the pound hit a historical low vs…
The markets became turbulent in past few days with existing trends accelerating on growing impact from a mix of key factors that lately drive the markets.
Rising geopolitical tensions which threaten to intensify and cause larger…
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Extended consolidation to precede fresh bulls
The USDJPY edges lower in Asian / early European session on Tuesday, after two-day rally lost steam on approach to initial barrier at 145.00 (former tops), as risk appetite starts to return to play.
Overall picture remains bullish, but…
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Bears are pausing above new multi-month low
WTI oil price falls to new multi-month low on Monday ($77.19, the lowest since Jan 5), in extension of last Friday’s 5.1% drop and a weekly loss of 6.5%, on track for the fourth consecutive strong monthly fall.
Near-term action is…
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Turkish lira hits new record low vs dollar, eyes psychological 20.00 level
The USDTRY hit new record high in fresh bullish acceleration after the pair traded within a narrow range, slightly elevated higher consolidation, a part of a larger uptrend from Dec 2021 trough at 10.2017.
In addition to overall weakness…
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