Yesterday was a rather calm day, lacking the US drive, and as the hours passed it partially soured. The European indices all finished slightly in the red, however no more than -0.24% on the FRA40, while the only significant figure from the Eurozone – apart from the Sentix Investor Confidence still nosediving – was the
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly tight. Overall, the economic data
Number of traders net-short has decreased by 28.08% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI NZD/USD BEARISH 80.80% 19.20% 4.00% Daily -2.86% Weekly -9.48% Daily -28.08% Weekly 1.11% Daily -8.99% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
POUND STERLING ANALYSIS & TALKING POINTS Upbeat BRC retail sales unable to deter market focus on China. UK PMI to drive GBP/USD later today. Head & shoulders vs falling wedge. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound is now back below the 1.2600 handle once more despite
Investing.com– Most Asian currencies fell on Tuesday as Chinese service sector data pointed to more headwinds for the region’s largest economy, while the Australian dollar fell sharply after the Reserve Bank kept rates steady, as expected. The U.S. dollar steadied near three-month highs before a slew of Federal Reserve speakers this week. While the greenback
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In the dynamic world of financial markets, traders are constantly in search of tools and indicators that can provide them with valuable insights for making informed trading decisions. One such tool that has gained prominence in the trading community is the Bheurekso Pattern MT4 Indicator. This article delves into the intricacies of this indicator, shedding
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China’s Country Garden has paid coupons of USD22.5mn – avoids default European Central Bank President Lagarde speaking again today, Schnabel, de Guindos also China’s Country Garden seeking to extend payments of another 7 onshore bonds by 3 years AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default Chinese developer Country