The German business climate indicator published by the IFO Institute stood at 88.5 points in Augusttwo tenths below July’s 88.7 (figure revised upwards from 88.6), but improving the market expectation, which expected a drop to 86.8. Despite improving forecasts, the August figure is the lowest seen by the indicator in 26 months, specifically since June […]
Tag: Feeling
ZEW economic sentiment data from Germany and the Eurozone fall to more than a decade low
The index ZEW economic sentiment from Germany has plummeted to -55.3 points in August compared to -53.8 previously and expected by the market. This is his worst result since October 2008. The German ZEW Current Situation has also retreated to -47.6 from -45.8 previously. Although it is the worst result recorded since April 2021, it […]
ZEW economic sentiment for April falls to -43, its lowest level since March 2020
The index ZEW eurozone economic sentiment has dipped in April, slipping to -43 from -38.7, its most negative figure in more than two years, specifically since March 2020. The ZEW index of economic sentiment in Germany has fallen in April to -41 points from -39.3 in March, its lowest level in two months. The result […]
Sentix Investor Confidence falls to -18 points in April vs. -9.2 forecast
Eurozone investor sentiment continued to deteriorate in the fourth month of 2022according to the latest data from the research group Sentix have shown on Monday. The indicator collapsed to -18 points in April from -7 in March and against the -9.2 expected. The index reached its lowest level since July 2020hinting at an incoming recession […]
Bullish candlestick formations paved the way towards 161.00 and beyond
GBP/JPY advanced on Friday, recording gains of 0.57%. A positive market mood boosts risk-sensitive currencies such as the British Pound, weighing on safe-haven peers such as the Yen. GBP/JPY Price Forecast: ‘Inverted Hammer’ and a Confluence of ‘Bullish Harami’ Keep Uptrend Intact. The GBP/JPY breaks three days of losses and jumps losses on Thursday amid […]
AUD/USD still struggling at 0.7500, pulls back on NFP figures and USD strength
AUD/USD fails to recapture the 0.7500 mark for the seventh consecutive trading day. Mixed macro data out of the US was no excuse for the dollar to rally against most G8 currencies. AUD/USD Price Forecast: The pair broke above the 0.7500 mark, exposing AUD/USD to bearish pressure. The AUD/USD barely advances during the American session […]
Falls but remains near 136.00
Shared currency bulls failed to hold onto 136.00. Geopolitical developments in Eastern Europe turned the negative sentiment around as Russia backtracked, saying peace talks had made no progress. EUR/JPY Price Forecast: Short-term path of least resistance is skewed to the downside. The EUR/JPY back in the American session, due to risk aversion in the face […]
USD/CAD slides towards 1.2500, struggles despite dollar weakness
The Loonie extends its weekly gains, up 0.8% so far against the US dollar. The Russia-Ukraine conflict remains deadlocked in negotiations, while the US and the EU agreed on the supply of natural gas. Goldman Sachs and Citigroup expect two 50bp hikes from the Fed. USD/CAD Price Forecast: The positive divergence between the RSI and […]
EUR/USD trades near 1.1000 amid firm USD
EUR/USD has been trading in a 50-60 pip range for the last three days. Dollar Holds Firm Amid Positive Market Mood The war between Russia and Ukraine continues, although peace talks stall. EUR/USD Price Forecast: Bias To The Downside, But With EUR/USD Trading Above 1.0960, Upside Risks Remain. The shared currency goes up and down […]
AUD/USD Posts New Yearly High Above 0.7500 Amid Positive Mood
mThe Australian dollar advances during the week, up 1.30% so far. The US dollar remains close to 99.00, although it falters to weigh on the AUD/USD pair. US President Biden called for Russia to be removed from the G20. AUD/USD Price Forecast: The bias is to the upside unless it trades below 0.7440, which means […]
