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Eurozone Services PMI falls to 48.3 in August (50.5 expected, 50.9 in July) Eurozone Manufacturing PMI rises to 43.7 in August (42.6 expected, 42.7 in July) Euro testing key support against the US...
The EUR/USD broke below the July 6th low today and is 29 pips below it. The bears hope they can get today to close far below the July 6th low, increasing the odds of lower prices. The bulls will see...
The EUR/USD Bears want the market to close below the July 6th buy signal bar low. This would be another sign that the market is in a trading range, not a bull trend. The selloff from the July...
The EUR/USD is forming several overlapping bars following a bear breakout of a triangle (blue dashed lines). The triangle will probably act as a final flag, meaning the market will likely test the...
The main currency pair on Monday is holding near the level of 1.0882, which is close to the minimum of seven weeks.The trend of investors massively avoiding risks is bolstering the dollar. Panic was...
The sharp fall in German producer prices is both a signal of easing inflationary pressures and a warning of a sharp slowdown in demand.The German producer price index fell by 1.1% in July, dwarfing...
NZDUSD is severely oversold so a bounce is possible to minor resistance at 5975/85. Shorts need stops above 5995.Strong resistance at 6015/25. Shorts need stops above 6040. USDCAD longs at support at...
The EUR/USD is finding support near the July 6th low. While the channel down is tight, traders are buying below bars which is a sign of hesitation by the bears. The rally up from July 6th was strong....
The EURUSD formed a downside breakout yesterday and went below the July 6th buy signal bar high. Because the market was in a trading range, the odds favored the July 6th breakout point (gap) closing,...
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