February 2024

Tomorrow will be a busy day for forex markets, as all the major countries report a key economic indicator: Manufacturing the global PMI. Usually, the trend in PMIs determines how risk sentiment goes for the day, which is why it's closely…
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The Dax 40 pushing for another high The Dax 40 found more momentum as inflation figures are expected to improve across the Eurozone. On the chart, the trajectory remains elevated, and the latest push in a shorter time frame looks for…
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After Europe narrowly avoided falling into a technical recession at the end of last year, apparently traders are starting to think that the ECB will hold on to higher rates. If the economy manages to eke out even a little bit of growth,…
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US 30 tests critical support After the recent stock rally cooled, the Dow Jones ( US 30 ) looks for the next move. On the chart, the index is struggling to hold on to its gains from the few sessions as a bearish divergence opens. A break…
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The dollar will have a pretty active week, with several key data points being released starting with Durable Goods Orders later today. The next event is Thursday's release of the Fed's preferred inflation measure, PCE (the last before the…
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USDJPY double top resistance Inflation data dropped again in Japan, which halted the yen's decline against the dollar. On the chart, a bullish MA has failed to move above the recent double top above 151.00 in the near term. The pair…
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Tomorrow sees the release of the latest CPI report from the BOJ. But analysts generally expect it to largely feed into general rhetoric that seems to suggest that ultra-easing won't change. The thought was that if inflation picked up in…
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