Forex News

New Zealand Manufacturing Sector Faces Continued Contraction Business NZ Manufacturing PMI for June 2024 Collapses to 41.1 In the latest report from Business NZ, the manufacturing purchasing managers’ index (PMI) for June 2024 has plummeted to 41.1, marking the sector’s 15th consecutive month of contraction. This significant drop comes as a shock following the previous…

Hi Traders! AUDNZD short term forecast update and follow up Recap of Previous Forecast On May 23rd, 2024 I shared the “AUDNZD Technical Analysis And Short Term Forecast” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn…

US Equity Futures React to CPI Report Market Analysis US equity futures initially jumped on the CPI report but are now back in positive territory, with S&P 500 futures slightly lower ahead of the open. The index surged yesterday, climbing 1.0% on no news, leading some to speculate that the CPI data was leaked and…

Market Update: NVIDIA Drops 3%, Russell 2000 Rises 3% – A Tale of Two Stocks Description: Everyone is trying to make sense of this market but this looks like position-squaring to me. An extremely crowded trade has been to buy AI (i.e. NVDA) and short rate-sensitive stocks (Russell 2000). That’s been a wonderful trade as…

The Importance of Data Privacy in the Age of Information Protecting Your Privacy in a Digital World Over the past decade, individual data privacy has been under siege like never before. In fact, just earlier this year, a major data breach exposed millions of two-factor authentication (2FA) codes associated with leading messaging platforms such as…

The Impact of the US CPI Report on Investors Introduction In my view, it is going to be quite a task for investors to pick up on any fear from the US CPI report later. The estimate shows that we should get a softer headline reading, although core annual inflation is estimated to remain steady…

Germany’s Manufacturing Sector Struggles to Recover The Heart of Europe’s Largest Economy Germany, known for its strong manufacturing sector, is facing continued challenges in its economic recovery. The VDMA reports that around 40% of German manufacturers expect a decrease in revenue this year, with 23% predicting stagnation. This speaks volumes about the current state of…

USD/CHF and EUR/GBP Analysis USD/CHF 0.8950 Level On the day, the 0.8950 level in the USD/CHF pair doesn’t hold any significant technical importance, but it could face downside pressure as it aligns with the weekly pivot. The more intriguing aspect is the price ceiling at around 0.9000. This level is closely hugging both the 200-hour…