FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July
EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
EUR/USD PRICE ANALYSIS: BEARS EYE A 61.8% FIBO CONFLUENCE TARGET AREA
The Euro is currently facing strain due to constant economic indicators reflecting the enduring strength of the U.S. economy. This is in stark comparison to the economies teetering on the brink of recession, including the Eurozone. The preliminary balance for this week is being determined in anticipation of the Federal Reserve meeting on Wednesday, with subsequent analysis tending towards a bearish bias.
Deepest US Yield Curve Inversion in 42 yrs portends Recession Dead Ahead
Last week, the US Treasury yield curve, a reliable indicator of recession, experienced its steepest inversion since 1981. This coincided with one of the most severe downturns in Bloomberg’s US Economic Surprise Index in recent memory.
WCG Markets:2023-07-25
WCG Markets:2023-07-25
Mai hui MHmarkets: July 25, 2023 - Fundamental Reminder
On Monday's mixed US economic data, with the manufacturing PMI showing strength and the services PMI falling to hit a five-month low along with the composite PMI, as well as lingering concerns about sticky inflation, the dollar index continued to rise, closing up 0.31% at 101.4.
Mai hui MHmarkets: July 24, 2023-MHM European Perspective
Spot gold traded in a narrow range on Monday (July 24) in Asia, currently trading at $1960.55 per ounce. The market is in a wait-and-see mood ahead of the Federal Reserve interest rate decision, but investors need to focus on PMI data for June from European and US countries due on Monday.
Introducing Nutchaporn Chaowchuen (Tarn) - AUS Global's New Country Manager for Thailand
AUS Global appoints Ms. Nutchaporn Chaowchuen (Tarn) as Country Manager for Thailand. With expertise in trading and exceptional marketing skills, she is set to drive growth in the Thai market. Her victory in the Axi Psyquation 2019 competition underscores her trading prowess. Excited to lead, she vows to nurture partnerships and deliver top-notch services.
07/24 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Weekly News 2023/07/17-2023/07/21
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Mai hui MHmarkets: July 24, 2023 - Fundamental Reminder
The dollar index continued to rally on Friday, closing up 0.32% at 101.1, as markets await Thursday's Fed rate decision and are still looking for clues on whether this week's near-certain rate hike will be the last in the tightening cycle.
WCG Markets:2023-07-24
WCG Markets:2023-07-24
Mai hui MHmarkets: July 21, 2023-MHM European Perspective
On Friday (July 21), spot gold narrow range shock during the Asian session, and is currently trading in the vicinity of $1969.84 per ounce. There were no important economic data and risk events during the day, the market trading is relatively cautious, most investors have begun to wait for next week's Fed interest rate resolution.
Mai hui MHmarkets: July 20, 2023 - Fundamental Reminder
The number of people applying for unemployment benefits for the first time announced last night did not increase, but decreased, indicating that the labor market is still flexible and may support the Federal Reserve to continue to raise interest rates this year.
Dr Copper: False Breakout On False Hopes?
Some market analysts have noted a breakout on copper's daily chart. As this metal is a phenomenal indicator of booms and busts, let's have a closer look.
07/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Sterling slides while stocks stall on results
USD edged off its lows with last week’s sell-off due some sort of rebound. But the DXY is still not able to bounce much above 100 so far. The February low at 100.82 should be strong resistance above here. Support sits at recent lows around 99.57/8. The yuan is pressuring USD this morning after a much firmer-than-expected reference rate by the PBoC.
Four U.S. Senators Introduce Crypto Anti-Money Laundering Bill
On July 19th, a crypto anti-money laundering bill was introduced by a group of four United States senators - Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, as per the information given in a news release on Senator Reed's official website. This bill was targeted at halting unlawful financial transfers.
WCG Markets:2023-07-21
WCG Markets:2023-07-21
NFP trading: understanding the effects of the Nonfarm Payroll
The NFP is a notable report commonly utilized by professional traders as a prospective gauge of upcoming price movements. They view economic announcements as dependable predictors of future market activities. This brings into focus, what exactly is the NFP? How does it influence the markets? And what are the ways in which it can be traded?
Japanese Candlesticks Analysis 19.07.2023 (XAUUSD, NZDUSD, GBPUSD)
Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target might be 1965.00. Upon testing the support level, the price could get a chance to rebound from it and continue the uptrend. However, the quotes might rise to 1985.00 without any correction.
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