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DXY: The DXY chart currently indicates a bearish overall momentum, suggesting a downward trend. There’s a potential for a bearish continuation towards the 1st support level. The 1st support at 103.73 is identified as a pullback support, with the presence of both the 50% and 23.60% Fibonacci Retracement levels, indicating Fibonacci confluence and strengthening its […]

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AUDUSD Bounces Off 2024 Low

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06/04/2024

Weekly Economic & Financial Commentary: Strong Jobs Numbers Diminish Urgency for Rate Cuts

Summary United States: Strong Jobs Numbers Diminish Urgency for Rate Cuts Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate. Recent comments from FOMC members have homed in […]
03/10/2024

US: ISM Shows Services Growth Picks Up in September

The ISM Services index stepped up in September, registering 54.9, up from 51.5 in August and well ahead of the 51.7 print expected. This is the third consecutive month of improvement and the strongest print since February 2023. Twelve industries of eighteen reported growth in September, up from ten in August. The strong headline print […]
18/06/2024

WTI Oil Futures Surge Back to 80

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