Eurozone PMI Data Shows Signs of Economic Slowdown What is PMI and Why Does it Matter? Purchasing Managers’ Index (PMI) is an indicator of economic health for the manufacturing and service sectors. It is based on surveys of businesses and provides insight into business conditions, such as employment, production levels, new orders, and supplier deliveries….
Daily Pivots: (S1) 0.6810; (P) 0.6849; (R1) 0.6905; More… AUD/USD: Navigating the Range If you are a forex trader, you are probably familiar with the concept of daily pivots. They are key levels that can help you identify potential price action in the market. Today, let’s take a closer look at the AUD/USD pair and…
The Second Half of the Year in the Markets: What to Expect Getting Ready for the US jobs data release Last Friday marked the start of the second half of the year on the calendar, but for the markets, the real beginning may not come until the upcoming US jobs data is released. As investors…
Introduction Portillo’s Inc. July 01, 2022 Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO) is a fast-casual restaurant concept known for its menu of Chicago-style favorites. From Italian beef sandwiches to Chicago-style hot dogs, Portillo’s has been satisfying customers with its delicious food for years. The company recently made headlines with its announcement of plans to expand its…
Itafos Inc. Announces Conda Production HOUSTON, June 30, 2022 (GLOBE NEWSWIRE) Itafos Inc. (TSX-V: IFOS) (“Itafos” or the “Company”) announced today that Conda has begun production… Itafos Inc., a leading phosphate company, has recently announced the commencement of production at its Conda facility. This development marks a significant milestone for the company and the industry…
Charmingly Eccentric: A Glimpse into Promaxo, Inc. Unveiling a Visionary Company Promaxo, Inc. is a groundbreaking medical imaging, robotics, and AI technology company based in Oakland, California. With a mission to revolutionize the healthcare industry, Promaxo combines innovation, precision, and compassion to develop cutting-edge solutions that enhance patient care. The Essence of Promaxo Founded on…
Hello fellow traders USDCAD Is Showing Reaction From The Blue Box Area USDCAD has given us another trading opportunity recently. As our members know, we’ve been favoring the long side in USDCAD and buying the dips in 3, 7, 11 swings. The reason for expecting further rally is the incomplete bullish structure the pair is…
XME Reacting Strongly From The Blue Box Area Introduction Welcome to our technical blog where we dive into the world of Elliott Wave Charts. Today, we will be analyzing the past performance of the 1-hour Elliott Wave Charts of XME ETF. The decline from the 08 June 2022 high has unfolded as an impulse sequence,…
