EUR/USD Price Update: EU PMI Miss Still Cause for Optimism
EU PMI data generally fell below rather lofty estimations, maintaining optimism that Europe may escape a recession in 2023. ECB Interest rate expectations hit 4% Read More
The Best Cryptocurrency, Blockchain and Forex News Aggregator
EU PMI data generally fell below rather lofty estimations, maintaining optimism that Europe may escape a recession in 2023. ECB Interest rate expectations hit 4% Read More
The German Dax has defended the 15500 psychological level after industrials and healthcare allowed the index to recover from the heated inflation data over the past week. Read More
ISM Services PMI was virtually unchanged in February, clocking in at 55.1 from 55.2 in January, a sign that the economy remains extremely resilient despite rapidly rising interest rates. Read More
Inflation is back from the dead but it’s sobering to recall that, not so long ago, deflation was deemed by far the greater threat. Maybe now’s a good time to ask which is worse for an economy? Read More
The S&P 500 index is trading at a critical juncture that could send prices in either direction as US Treasury yields push the limits. Read More
Spot gold continued its march higher this morning following a pause yesterday as positive Chinese data and a weaker USD fuel the rally Read More
Sterling continues to battle against a strong US dollar but one closely-followed long-term technical indicator is giving cable some support. Read More
<p>Two American men, who orchestrated a $30 million fraudulent foreign exchange (forex) trading scheme, have been sentenced to prison for up to five years, the Department of Justice announced.</p><p>FX Frauds Get Five Years in Prison</p><p>Massachusetts-based Patrick Gallagher, 45, has been sent to jail for five years, while 50-year-old Michael Dion from Florida was sentenced to four years and seven months […]
The US Dollar skipped higher on Treasury yields gaining on solid data and the Fed re-iterating its hawkish stance while will EUR/USD dipped despite impending ECB rate hikes. Read More
The EUR/USD has resumed its decline after failing to break above a key technical resistance area. Meanwhile, the GBP/USD appears to be on the verge of validating a bearish double-top pattern. Read More