Share: The US Dollar came under renewed selling pressure on Friday. The US Dollar Index declined below 102.00 and erased a large portion of weekly gains. US July jobs report showed a 187,000 increase in Nonfarm Payrolls in July. The US Dollar started to weaken against its rivals in the second half of the
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Caixin / S&P Global Services PMI for July is a beat and an improved 54.1 and a seventh consecutive month of expansion expected 52.5, prior 53.9 The Composite, however, is down from June at 51.9 “In terms of policies, the top priorities should still be guaranteeing employment, stabilizing expectations and increasing household income,” said Wang
That’s an extremely poor reading as Swiss manufacturing activity slumped heavily to start Q3. The reading is the lowest since April 2009 as production fell sharply alongside purchasing volume. That comes despite a fall in purchase prices and shorter delivery times. That’s not a good sign at all. لینک منبع : هوشمند نیوز
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
NordFX, the brokerage firm, has summarized the performance of its clients’ trading transactions for July 2023. The social trading services, PAMM and CopyTrading, have also been evaluated, as well as the profits gained by the company’s IB partners. – The highest profit in July was achieved by a trader from Western Asia, with account number
Prior was 46.3 Despite a sharp fall in backlogs of work as new orders dropped, companies expanded employment at a faster rate amid greater confidence in the outlook for output. New export orders fell for the fourteenth month running There was no change from the preliminary reading. The ISM number at the top of the
It’s a mild revision higher to the initial estimate but it still marks a seven-month low for the UK manufacturing PMI. Output and new orders are both seen falling at faster rates as demand conditions falter. HCOB notes that: “July saw a deepening of the UK’s manufacturing downturn. Output fell at the quickest pace since
The integration of artificial intelligence (AI) and machine learning (ML) in forex business-to-business (B2B) solutions has been one of the most significant recent breakthroughs in the forex market. With superior skills in data analysis, pattern recognition, and decision-making, AI and ML technologies have completely changed how forex B2B firms function. The role of AI and
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought
