• August 31, 2023
  • Market News
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China PMI Bounce Yet to Excite HK/China Equities: Hang Seng, CSI 300 Price Setups

The improvement in China’s manufacturing activity is yet to impress Hong Kong/China equities. Is the recent rebound in the Hang Seng Index and the CSI 300 Index sustainable?...
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  • August 31, 2023
  • Market News
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US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?

The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will the DXY (USD) index trend lower?...
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  • August 31, 2023
  • Market News
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Wait-and-See Ahead of US PCE Data, China’s PMI Mixed: SPDR Semiconductor ETF, China A50, Brent Crude

Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core PCE data release later today....
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  • August 31, 2023
  • Market News
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Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?

AUD rose briefly on tentative signs that China’s manufacturing activity could be reviving. Can AUD/USD rise toward 0.66?...
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  • August 31, 2023
  • Market News
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Euro Jumps as US Dollar Pauses and Japanese Yen Sinks. Higher EUR/USD and EUR/JPY?

The Euro recovery story continues as the US Dollar ascendency is questioned and the Japanese Yen is allowed to slide. Eurozone CPI lies ahead. Will it boost EUR/USD and EUR/JPY further?...
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  • August 31, 2023
  • Market News
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US Jobs Report Preview: Decoding How Gold, US Dollar and Yields Might React

The August U.S. employment report will be key in guiding the outlook for monetary policy given the Fed’s strong data-dependent stance, setting the tone for the U.S. dollar, gold prices and yields in the near term....
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  • August 31, 2023
  • Market News
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US Dollar Crumbles; Unstoppable Nasdaq 100 Hits Key Level, Defying Gravity

The U.S. dollar slides as soft economic data weigh on Treasury yields. Meanwhile, the Nasdaq 100 extends gains and advances for the fourth consecutive day to challenge an important technical resistance....
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  • August 30, 2023
  • Market News
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GBP/USD Price Forecast: US GDP & ADP Fight Head & Shoulders Pattern

GBP prices remain elevated as US GDP & ADP employment change data could hint at a slowing US economy....
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  • August 30, 2023
  • Market News
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WTI and Brent Advance as Conditions Remain Favorable for Oil Prices

Oil prices advance thanks to a host of factors including the fastest decline in Oil inventories since September 2016. EIA inventories up next....
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  • August 30, 2023
  • Market News
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Euro Breaking News: Stubborn German Inflation, US ADP and GDP Lift EUR/USD

German inflation printed higher than expected but lower on the month. US private payroll data and US GDP (2nd revision) add bullish impetus for the downtrodden EUR/USD...
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