GBP/USD did nudge a little higher to 1.2670 after the UK PMI data here earlier. But the pair is now back down to 1.2645, up just 0.2% on the day. Elsewhere, USD/CHF is down 0.2% to 0.8910 but the euro, yen, loonie, and aussie are all flat against the dollar currently. Even after the French and German PMI data,…
UK Services PMI edged higher to 51.4 in December, beat estimates. Manufacturing PMI in the UK fell further to 47.3 in December. GBP/USD extends gains above 1.2650 after UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) contracted further to 47.3 in December from 48.0 in November. The data missed the market consensus of…
2024.12.16 2024.12.16 Short-term Analysis for Oil, Gold, and EURUSD for 16.12.2024 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. On Friday, gold continued to trade in…
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Well, that’s the answer we will be getting today. But whatever the case is, it won’t be anything too pretty. And whatever the numbers are, another 25 bps rate cut by the ECB in January is pretty much confirmed. The euro is sitting marginally higher today but is still pinned down by some key near-term levels against the dollar…
The Australian Dollar remains steady following the release of mixed data from China. China’s Retail Sales (YoY) rose 3.0% in November, falling short of the expected 4.6% and previous 4.8% readings. The US Dollar remains subdued as the Fed is expected to deliver a 25 basis point rate cut on Wednesday. The Australian Dollar (AUD) halts its four-day losing…
Is gold about to break out soon? I’m seeing a fresh triangle consolidation pattern forming on its 4-hour chart, with price currently testing support. Gold (XAU/USD) 4-hour Chart by TradingView Gold prices have formed higher lows and hit resistance around the $2,700 mark, creating an ascending triangle that’s been holding since mid-November. Price has retreated back to its triangle…
The headline economic activity data for November is here: More now, focus on the property sector, info via Reuters reporting: Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier the fall was 10.3% in the January – October period Property sales by floor area in January-November fell 14.3% from a year…
NZD/USD gains ground to around 0.5775 in Monday’s Asian session, adding 0.30% on the day. China’s November Industrial Production climbed 5.4%, Retail Sales rose 3.0%. A possible hawkish rate cut by the Fed could underpin the Greenback. The NZD/USD pair attracts some buyers to near 0.5775, snapping the four-day losing streak during the Asian trading hours on Monday….
China House Prices in November -5.7% y/y (prior -5.9%) -0.1% m/m (prior -0.5%) The black hole of Chinese home prices has not yet ended. This article was written by Eamonn Sheridan at www.forexlive.com.
