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Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus expected a stabilization at 50.1. The EMU manufacturing remains deeply mired in […]

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22/02/2024

CHFJPY Wave Analysis

CHFJPY reversed from support level 169.65 Likely to rise to resistance level 171.45 CHFJPY currency pair recently reversed up from the key support level 169.65 (lower boundary of the narrow sideways price range inside which the pair has been trading from the start of January). The support level 169.65 was strengthened by the lower daily […]
14/12/2023

Fed Review: Rising Optimism

The Fed maintained its monetary policy unchanged as widely anticipated. Lower rate and inflation projections together with more dovish wording in the statement and from Powell sparked a post-meeting rally in the markets. The Fed did not attempt to guide the market against the easing in financial conditions. We see this as a strong signal […]
13/08/2024

Brent Crude Oil Faces Demand Concerns Despite Recent Gains

After five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns over global oil demand, particularly following OPEC’s downward adjustment of its demand forecasts for 2024 and 2025. This adjustment reflects […]