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Markets Yesterday’s PMI releases in Europe and the US confirmed the ongoing divergence in growth on both sides of the Atlantic, cementing market expectations on similar divergence in Fed and ECB policy. The S&P global US flash PMI showed output growth at the end of the year at a 33-month high (56.6 from 54.9) amid […]

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09/09/2024

An Eventful Week Ahead

In focus today In the euro area, we receive the Sentix investor confidence indicator, which is the first indicator of investor sentiment in September. Overnight, Chinese trade data for August is released. While exports recovered during H1, momentum has faded due to a weaker global manufacturing sector. Hence, one of China’s few growth drivers in […]
30/08/2024

EURUSD Wave Analysis

EURUSD reversed from long-term resistance level 1.1150 Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down from the major long-term resistance level 1.1150 (which has been reversing the price from the start of 2022). The resistance level 1.1150 was strengthened by the upper weekly Bollinger Band and by the 61.8% Fibonacci […]
06/09/2024

August Employment: Size of September Rate Cut Remains Unsettled

Summary The August employment report indicated that while the jobs market is not unraveling, it continues to clearly weaken. Employers added 142K jobs in August, which was a bit less than expected, but came on the heels of another significant downward revision to prior months’ hiring. Over the past three months, employers have added 116K […]