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Eurozone PMI indices for February had a mixed impact on market sentiment, composite indices (manufacturing + services) were higher than expected, both in the EU and the key economies of the block, however manufacturing and services sectors separately showed different dynamics – services’ activity rose while in manufacturing sector activity declined compared to the previous […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a correctional wave to 1.0700. Today the market is consolidating under this level. An escape downwards and a decline to 1.0637 are expected. And with a breakaway of this level downwards as well, a pathway for a wave of decline to 1.0579 will open. GBPUSD, […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has bounced off the resistance line. Now, a downward breakaway of 5/8 (0.6897) is to be expected, followed by falling to the support level of 4/8 (0.6835). The scenario can be cancelled […]

Strong Services Sector Gains GBP has been on the rise today as traders digest the latest set of UK economic data. January PMIs saw the UK services sector bouncing back into growth territory last month with the index printing 53.3, up from the prior month’s 48.7 result and above the 49.1 the market was looking […]

Walmart In Focus Today The big focus for US stock traders today will be the release of Walmart’s Q4 earnings, coming just before the US open. The company’s performance always attracts plenty of attention given its status as an indicator of overall US economic health due to its size. One of the key themes we’ve […]

AUDUSD, “Australian Dollar vs US Dollar” The currency pair is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6915 is expected, followed by falling to 0.6735. An additional signal confirming the decline will be a bounce off […]