The U.S. dollar steadied near a three-month peak on Monday, with traders bracing for a thin slate of economic signals that is unlikely to shift the Federal Reserve’s cautious stance. The dollar index rose 0.16% to 99.89—its highest since August 1—after the Fed’s quarter-point cut last week was paired with …
Read More »Europe stocks muted ahead of PMI prints; October outperformance in focus, select earnings in the spotlight
European equities started the week on a cautious note Monday as investors looked to a fresh round of manufacturing PMIs for a read on the bloc’s industrial pulse. By 03:02 ET (08:02 GMT), Germany’s DAX edged up 0.1%, the U.K.’s FTSE 100 rose 0.2%, while France’s CAC 40 dipped 0.1%. …
Read More »France Manufacturing Softens Again in October Despite Slight PMI Upgrade
France’s factory sector remained in contraction at the start of the fourth quarter, even as the final October reading showed a marginal improvement versus earlier estimates. The HCOB France Manufacturing PMI rose to 48.8 in October from 48.2 in September, topping the 48.3 flash print but staying below the 50.0 …
Read More »Dow Jones Leans on Support 3/11/2025
Price action has been choppy, but a short-term upward rebound has emerged. Technical outlook 50-SMA (4H): Continues to underpin price. RSI: Back above 50, signaling improving momentum. Base case (intraday bullish trigger) A clear break and hold above 47,800 would tilt bias higher toward 47,850, then 47,920. Alternative / downside …
Read More »CAD Attacks Resistance 3/11/2025
The pair kept its positive momentum, grinding higher to test 1.4030 resistance. Technical outlook Structure: A break above the descending trendline is intact. SMAs: Simple moving averages have rotated beneath price, providing support. RSI: Easing from overbought without breaking down—consistent with scope for further upside. Base case (bullish while above …
Read More »Pound Maintains the Bearish Path 3/11/2025
Sterling extended its downtrend into last week’s close, meeting the 1.3105 target and printing a 1.3097 low. Technical outlook RSI: Back out of oversold but still sending negative momentum signals—consistent with bearish control. SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Ongoing …
Read More »Oil Picks Up Extra Momentum 3/11/2025
US crude extended its climb toward the $61.75 objective flagged in the prior report, printing an early-session high at $61.41. Technical outlook SMAs: Simple moving averages are trending beneath price, supporting momentum. RSI: Stays constructive, consistent with ongoing upside pressure. Base case (bullish bias while above $60.75 / $60.30) Holding …
Read More »Gold Set for Further Corrective Downside 3/11/2025
Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend & SMAs: The 4H simple moving averages slope lower and cap rebounds as dynamic resistance—consistent with a bearish structure. Structure: A prior rising trendline break keeps downside risk in …
Read More »Euro Tracks Along a Descending Trendline 3/11/2025
The pair extended last week’s downtrend in line with our bearish view, reaching the first target at 1.1550 and posting a 1.1532 low. Technical outlook (4H) RSI: Deep in oversold territory, which may prompt a brief corrective bounce before the primary downtrend resumes. SMAs & structure: Price remains below the …
Read More »Bitcoin stalls as “Uptober” fizzles; risk aversion and hawkish Fed sap crypto bids
Bitcoin was little changed on Friday, limping toward a rare negative October as a bout of global risk aversion—stoked by U.S.–China trade tensions and macro uncertainty—kept dip-buyers on the sidelines. The largest cryptocurrency slipped 0.3% to $110,012.4, leaving it down 3.7% for the month and on track to snap the …
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