Italy February manufacturing PMI 47.4 vs 46.8 expected

Key findings: Modest and softer drop in production volumes Output charges reduced again amid subdued sales environment Employment and purchasing fall as firms remain in retrenchment mode Comment: Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “The situation in Italy’s manufacturing sector remains bad. The headline HCOB PMI for February showed a slight…

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Pulls back from 1.4450, upside appears as bullish bias strengthens

USD/CAD could retest the “pullback resistance” near the key psychological level of 1.4450. The bullish outlook remains intact, reinforced by the 14-day Relative Strength Index staying above 50. The nine-day Exponential Moving Average at 1.4356 may act as the primary support level. USD/CAD snaps its six-day winning streak, hovering around 1.4440 during Friday’s Asian session. Technical analysis on the…

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Technical analysis of US Crude, XAUUSD, and EURUSD for today (3 March, 2025)

2025.03.03 2025.03.03 Short-Term Analysis for Oil, Gold, and EURUSD for 03.03.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Short-term forecast for oil, gold, and euro-dollar…

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Technical Analysis and Data’s Impact on Trading: How Platforms Can give you an Informational Edge

In this data-driven world, it is now harder than ever to find out the truly useful market information among all the noise. That’s the reason why having access to the right Technical Analysis tools and data is crucial to you, not just surviving but thriving among the institutional and retail investors. With today’s markets having an abundance of information…

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Australian Dollar rises as US Dollar struggles amid easing fears of inflation spikes

The Australian Dollar gains ground following the TD-MI Inflation Gauge, and China Manufacturing PMI data released on Monday. China’s Caixin Manufacturing PMI increased to 50.8 in February from January’s 50.1. The US Dollar struggles as US PCE inflation data aligns with expectations, easing concerns over unexpected US inflation spikes. The Australian Dollar (AUD) halted its six-day losing streak on Monday,…

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Chart Art: CHF/JPY Triangle Breakout Soon?

This currency pair has been in consolidation mode for quite some time, but it looks ready to make a breakout from its triangle pattern pretty soon. Which way can it go? Better keep these inflection points on your radar! CHF/JPY 4-hour Forex Chart by TradingView Market uncertainty from global trade concerns have been propping up safe-haven currencies like the…

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Blaze erupts at Ufa oil refinery amid explosion reports

An oil refinery in the Russian city of Ufa was on fire, according to the state RIA news agency. The regional branch of Russia’s emergency ministry reported that residents in nearby areas face no danger from the blaze, per Reuters.  “There is no threat to residents of nearby areas,” said RIA. The cause of the fire is yet to…

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