Latest Market News
US PMIs Up Next The next set of US PMI reports for the services and manufacturing sectors are due today and will be closely watched following the downside surprises seen last month. The drop in business activity in July saw the services sector reading falling into contractionary territory at 43.7, this time around the market […]
PMIs Turn Lower Still The latest round of Eurozone PMIs today highlighted worsening economic conditions in the single customs union. Both services and manufacturing sector readings were seen plunging further into contractionary territory last month. The manufacturing PMI was seen falling to 48.5 from 49.6, below forecasts for a 48.7 reading. Services, meanwhile, was seen […]
China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech. 176 Total views 3 Total shares China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China […]
Hilary Mantel, the British writer and winner of two Booker awards for her best-selling trilogy about the life of Thomas Cromwell, has died at the age of 70, according to her literary agent A.M. Health and publisher Harper Collins. Mantel died ” suddenly yet peacefully yesterday, surrounded by close family and friends,” they said in […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9900. However, an alternative scenario implies that the price may […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is falling within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.1310 and then resume moving downwards to reach 1.1020. Another signal in favour of a further downtrend […]