USD to CAD Rate Bounces Off Support After Soft Manufacturing Sales
The USD to CAD rate has been trading in a 100 pip range, but with a slight bullish bias as highs are getting higher. Today the CAD weakened. Full Article
Global Economy Slows As PMI Manufacturing and Services Decline
The manufacturing activity continues to remain in recession in Europe and the US, while services are also slowing, indicating a possible rec Full Article
Bearish Signs in GBP/USD, As It Makes Lower Highs
GBP/USD failed at the 50 daily SMA yesterday, making lower highs, which is a strong bearish signal Full Article
Will the 200 Daily SMA Hold for GBP/USD?
GBP/USD is testing the 200 daily SMA for the second time, which held for the second time last Friday Full Article
Strong Bullish Sign in the USD Today, but Can It Keep That Up?
USD/CAD surged 150 pips higher today as the USD buyers returned, although it's the first trading day of 2023 Full Article
Forex Signals Brief for January 3: Global Manufacturing in Contraction Besides Switzerland
Global economy heading into a recession as manufacturing remains in contraction, besides in Switzerland as today's PMI report showed Full Article
Forex Signals Brief for November 24: USD Resumes Decline on Softer US Services/Manufacturing
The USD was showing some buying pressure late last week, but yesterday's manufacturing report showed that this sector fell in contraction wh Full Article
USD/JPY Lower As US Manufacturing Falls in Contraction
US manufacturing activity finally fell in contraction which should turn the FED softer on rate hikes, sending the USD lower Full Article
Forex Signals Brief for November 23: November Flash Manufacturing and Services
Manufacturing and services figures will be released today before the FOMC meeting minutes in the evening, which might shake the markets Full Article
AUD/USD Testing the 50 Daily SMA As Support After the 150 Pip Retreat, Despite Softer Philly FED Manufacturing
AUD/USD has been bullish for about a month, but has retreated lower in the last two days and is testing the 50 SMA on the daily chart as sup Full Article
Forex Signals Brief for November 17: Can Philly Fed Manufacturing Turn the USD Around?
Yesterday the positive US retail sales for October improved the sentiment for the USD, so if the manufacturing figures come positive today t Full Article
Forex Signals Brief for October 25: Chinese GDP Picks Up Again, European and US Economies Slow Further
Yesterday the Chinese GDP showed a reversal and a 3.9% expansion in Q3, after cooling off in Q2, while European and US services and manufact Full Article
Stock Markets Stall, As Global Services and Manufacturing Weakens Further
Eurozone, UK and US services and manufacturing fell deeper in contraction in September, indicating that the global recession is on the way Full Article
Will We See Recession in the Eurozone Soon, With Manufacturing in Contraction?
Todays final manufacturing figures from Germany and the Eurozone showed that this sector remains in contraction, which will probably turn in Full Article
US Economic Data Shows Improvement, Keeping the FED Hawkish and USD Bullish
The US economic data is showing improvement, which is strengthening the case for the FED to keep hiking, which will help the USD Full Article