#Market Review
▫️ German Ifo Business Climate Index declines for 4th month, but slightly better than expected;
▫️ EURUSD paused near a 13-month high, retreating above the 200-week average.
▫️ The pair may move towards the 1.20 area in the coming months due to a weak dollar rather than a strong euro.
▫️ German Ifo Business Climate Index declines for 4th month, but slightly better than expected;
▫️ EURUSD paused near a 13-month high, retreating above the 200-week average.
▫️ The pair may move towards the 1.20 area in the coming months due to a weak dollar rather than a strong euro.
FxPro News
Forex - Germany’s weakening business climate has cooled but is unlikely to turn the euro around | Market Overview
Germany's business climate Germany's business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell...
#Market Review #WTI
▫️ US oil production is back to a peak of 13.4mbpd, but drilling activity remains subdued
▫️ The price of WTI has encountered resistance above $77, where key moving averages (200 and 50-day, as well as 200 and 50-week) pass.
▫️ If pressure intensifies, the price may not find meaningful support until the $70-71 area, with the next support level at $64.
▫️ US oil production is back to a peak of 13.4mbpd, but drilling activity remains subdued
▫️ The price of WTI has encountered resistance above $77, where key moving averages (200 and 50-day, as well as 200 and 50-week) pass.
▫️ If pressure intensifies, the price may not find meaningful support until the $70-71 area, with the next support level at $64.
FxPro News
Forex - Oil reaches resistance | Market Overview
Market picture Crude oil posted gains at the end of last week thanks to optimism on global platforms. The beginning of the new week was also favou...
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#Market review
▫️ Germany's #DAX40 returned to all-time highs faster than its peers, surpassing 18900.
The dip in early August fuelled buying appetite and triggered a classic technical correction.
▫️ The DAX40 is potentially heading for 19500 or higher to 21500.
▫️ Germany's #DAX40 returned to all-time highs faster than its peers, surpassing 18900.
The dip in early August fuelled buying appetite and triggered a classic technical correction.
▫️ The DAX40 is potentially heading for 19500 or higher to 21500.
FxPro News
Forex - German market returns to highs ahead of rivals | Market Overview
Market picture Germany's DAX40 has returned to all-time highs above 18900. The sell-off in equities in early August lured investors waiting for a ...
#Market Review
▫️ Crude Oil -2% on the week despite a strong start, and the technical picture looks ominous.
Meanwhile, US production, drilling and economic activity are broadly normal.
Gas prices remained near the lower end of the range for the past 25 years.
▫️ Crude Oil -2% on the week despite a strong start, and the technical picture looks ominous.
Meanwhile, US production, drilling and economic activity are broadly normal.
Gas prices remained near the lower end of the range for the past 25 years.
FxPro News
Forex - Pressure on oil continues | Market Overview
Often the release of fundamental data such as oil inventories and production or economic activity influences the market, although sometimes the price...
#Market Review
▫️ In the FX market, safe havens have returned to early August extremes;
▫️ #USDJPY is back near 142, forming a death cross;
▫️ #USDCHF was in uncomfortable territory for the NBS, forcing further rate cuts;
▫️ #USDCNH has moved into the safe haven category.
▫️ In the FX market, safe havens have returned to early August extremes;
▫️ #USDJPY is back near 142, forming a death cross;
▫️ #USDCHF was in uncomfortable territory for the NBS, forcing further rate cuts;
▫️ #USDCNH has moved into the safe haven category.
FxPro News
Forex - Further Unwinding of Carry Trade | Market Overview
The unwinding of the carry trade in the FX market continues, with the major safe havens returning to the extremes seen against the dollar in early Au...