China’s economy likely to struggle to gain momentum in coming months – PMI
The activity in China’s manufacturing sector was slightly faster in August but overall picture remains weak, due to new Covid infections, the heatwave that hit the country and troubled property sector.
China’s Manufacturing Purchasing…
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German inflation continued to rise after a brief pause and hit the highest in nearly fifty-years in…
Inflation in the Europe’s largest economy picked up again in August following a slight ease in July, suggesting that initial signal of possible peaking was false and inflationary pressures continue to rise.
Annualized inflation rose to…
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Recovery keeps traction but remains weighed by demand concerns
WTI oil is consolidating after 4.2% advance on Monday (the biggest one-day gains since July 18), but keeping positive near-term stance, following a bullish signal on Monday’s close above 200DMA ($95.87) which capped the action for some…
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Extended sideways mode looks for fresh direction signals; German CPI data in focus today
Near-term action remains directionless, with new low at 0.9900 offering strong support and keeping the downside protected, while upticks through parity were so far short-lived and repeatedly failed to register close above, keeping the pair…
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Bears are taking a breather after heavy losses last Friday, but remain intact on prospect of longer…
The Dow Jones falls further on Monday, in extension of last Friday’s 3.2% drop (the biggest daily loss since May 18), as US central bank’s plan to continue tightening its monetary policy to fight soaring inflation, even at the cost of…
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Gold falls to one-month low as dollar benefits from hawkish Fed
Spot gold price fell to one month low on Monday, in extension of last Friday’s 1.2% drop, under fresh pressure on comments from Federal Reserve Chair Jerome Powell, who signaled that the central bank remains on track for further policy…
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Bears remain fully in play but face headwinds from key support zone
The Aussie dollar started the week in negative mode, opening with gap lower after hawkish comments from Fed chair Powell further boosted the US dollar and extending last Friday’s 1.2% drop.
Fresh bears cracked key supports at 0.6850 zone…
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USDJPY eyes 2022 high and psychological 140 barrier in dollar-supportive environment
The USDJPY rose to six-week high on Monday after markets digested comments from Fed Chair Powell last Friday and hawkish stance that the central bank kept, sent stocks lower and further lifted the dollar.
Strong Fed’s hawkish stance that…
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Euro remains in red under parity but hopes of more aggressive ECB keep losses limited for now
The Euro edges lower in early Monday’ following a triple-Doji last week that signaled strong indecision but the action is still moving above new 2022 low at 0.9900, posted on Aug 23.
The single currency came under pressure on Fed’s hawkish…
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Sterling continues to trend lower on rising dollar; pandemic low coming in focus
Cable remains in strong defensive mode and accelerates below 1.17 handle in early Monday, hitting new lowest since March 2020.
Fresh dollar’s strength following Fed Powell’s signals of extended period of higher interest rates and slower…
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