technical analysis september

Daily Forex Market Preview, 05/09/2018 The U.S. dollar posted strong gains on Tuesday since the start of the European trading session. The USD jumped on the strong manufacturing PMI report. Data from the Eurozone was quiet. The British pound continued to weaken as construction activity as measured by the PMI fell to 52.9. This was below fore...

2018-09-05 John Benjamin Read more
technical analysis

Daily Forex Market Preview, 04/09/2018 The British pound slumped on Monday after renewed concerns on Brexit. The Pound sterling fell as the UK’s manufacturing PMI fell to a 25-month low. Economic data from the U.S. was sparse with the U.S. and Canadian markets closed on account of the Labor Day holiday. The RBA held its monetary policy meeti...

2018-09-04 John Benjamin Read more
technical analysis

Daily Forex Market Preview, 03/08/2018 The U.S. Dollar was seen trading rather firm on Thursday. Lack of economic news flow has shifted focus on the United Kingdom. The Bank of England hiked interest rates by 25 basis points as widely expected. This brought the short-term interest rates to 0.75%. The central bank, however, signaled that furt...

2018-08-03 John Benjamin Read more
Italian elections and US revised GDP

The week ahead will be marked with investors turning their attention to the Italian elections and US revised GDP. Although the risks are limited as far as the euro currency is concerned, any surprise results could indeed bring volatility to the markets. On the economic front, data this week will focus on the revised GDP estimates from the U.S. W...

2018-03-23 John Benjamin Read more
Euro_ECB_Draghi

Eurozone Business Conditions Improving 2017 has seen a sharp improvement in business conditions for Eurozone manufacturers. Output growth remained firm at December’s 32-month record high, supported by the biggest increase in new business and job growth since the first half of 2011. However, price pressure continued to strengthen with the rate o...

2017-02-02 James Harte Read more
manufacturing PMI

USD Index Review Yesterday, despite the fact that the US economic releases came in with mixed outcomes, but mostly negative, the US Dollar was gaining momentum, trading near the session high around 100.40. However, Donald Trump decided to pressure the US Dollar again, saying “other countries take advantage by devaluation. So much for the strong...

2017-02-01 Nour Eldeen Al-Hammoury Read more
Italian Referendum

Frosinone, Italy - November 8, 2016 - The election campaign of Matteo Renzi for the constitutional referendum This week, OPEC's bi-annual meeting in Vienna will take the center-stage for the markets as traders await the decision from the OPEC meeting on potential production cuts. In economic news, the week will mark the transition into December...

2016-11-28 John Benjamin Read more
US Economic Data

The last trading week of the third quarter closed with risk aversion led by weakness in the banking sector. Wells Fargo and Deutsche Bank remained in the forefront, erasing gains from the surprise decision by OPEC to limit production levels. Looking ahead, the economic data this week that stands out will be the ISM surveys and the September jobs...

2016-10-03 John Benjamin Read more
manufacturing PMI

Market Summary China official manufacturing PMI slips into contraction, Caixin manufacturing PMI beats estimates China’s non-manufacturing PMI rises for the third consecutive month Eurozone manufacturing PMI falls to 52.0 in July, better than UK manufacturing PMI UK manufacturing PMI falls to 48.2 in July Markit manufacturing ...

2016-08-01 John Benjamin Read more