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Markets Its going from bad to worse with the EMU economy. According to the Flash PMI, activity contracted in September for the first time since February. The headline composite index slipped from 51 to 48.9 , substantially below the 50.5 expected. Germany fell further in contraction territory (47.2 from 48.4). Activity in France is deflating […]

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Euro Slips as Eurozone PMIs Dip, US PMIs Next

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Nosedive in Eurozone Economic Activity

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28/05/2024

WTI Crude Oil Price Shows Bullish Trend Ahead of OPEC Meeting

As the chart indicates, on Monday, the price of WTI crude oil rose by approximately 1%. Reuters reports that the bullish sentiment is driven by: → the upcoming OPEC+ meeting scheduled for 2 June; → expectations of high fuel demand with the start of the summer driving season and holiday season in the US. Conducting […]
15/10/2024

S&P 500 Index Wave Analysis

S&P 500 index broke resistance level 5785.00 Likely to rise to resistance level 5985.00 S&P 500 index under the bullish pressure after the price broke resistance zone located between the pivotal resistance level 5785.00 (which stopped wave 1 last month) and the resistance trendline of the daily up channel from last year. The breakout of […]
18/10/2024

Australian Dollar Higher as Job Growth Surges

The Australian dollar is up for a second straight day on Friday. In the European session, AUD/USD is trading at 0.6712, up 0.24%. The Aussie is having a miserable October, having lost 2.9%. Australian employment change soars Australian job growth sparkled in September with a gain of 64.1 thousand. This was higher than the revised […]