New data from S&P Global’s Purchasing Managers’ Index (PMI) suggests that U.S. business activity saw a surprising acceleration in August, adding to signs of a strong third quarter. The Composite PMI, which combines manufacturing and services, rose to 55.4, up from 55.1 in July. Since any reading above 50 indicates …

The Dow Jones Industrial Average (DJI30) saw a slightly upward trend during the US trading session yesterday. Technical Outlook – 4-Hour Timeframe Technically, the index remains stable above the 50-day Simple Moving Average, which increases the chances of continued upward movement. This is supported by early positive signals from the …

The technical outlook remains unchanged, with the upward trend continuing to dominate the movements of the USD/CAD pair. This comes after repeated closes above the pivotal 1.3800 support level, which has reinforced the pair’s positive outlook. Technical Outlook – 4-Hour Timeframe The pair is currently facing a strong resistance level …

The GBP/USD pair has successfully reached its first downward target at 1.3445, as we noted in the previous report. It is currently stabilizing near its lowest levels, around 1.3447. Technical Outlook – 4-Hour Timeframe Continued trading below the Simple Moving Average reinforces the possibility of a continued downward path, especially …

Prices for US crude oil futures (WTI) regained their upward trend during the previous session after successfully breaking the 62.50 resistance level. This led to a high of $63.15 per barrel. Technical Outlook – 4-Hour Timeframe Current movements show continued attempts at an upward rebound. The 50-day Simple Moving Average …

Gold prices (XAU/USD) saw an upward rebound yesterday, benefiting from touching the 3310 support level to reverse the expected downward trend from the previous report. That report was based on the price remaining stable below the 3340 resistance level, noting that a break of 3340 might open the way for …

The downward trend continues to dominate the movements of the EUR/USD pair during the previous trading session, with the pair recording its highest level around the 1.1670 resistance.Technical Outlook – 4-Hour Timeframe:Technical indicators are still providing negative signals. The 50-day Simple Moving Average continues to exert additional negative pressure, supported …

Forex markets are abuzz as a wave of key economic indicators, particularly the highly anticipated Purchasing Managers’ Index (PMI) data, prepares to hit the wires. This global pulse check will offer fresh insights into the health of various economies, potentially shaking up currency valuations and setting the tone for the …

The Dow Jones Industrial Average (DJIA) is struggling to find a clear direction, hovering around the 45,000 mark. The major index faced downward pressure as investors began to take profits from tech stocks, which have seen a significant run-up. While the Dow managed to recover some of its losses, market …

In a revealing snapshot of internal deliberations, the latest Federal Open Market Committee minutes indicate that nearly all participants at the late July meeting endorsed maintaining the benchmark interest rate within the 4.25% to 4.50% range, viewing it as a prudent stance given ongoing economic uncertainties. This consensus underscores a …