EUR/USD downtrend deepens on mounting recession EUR/USD kick-started a new round of declines as flash PMIs figures across Europe pointed at a further fall in business activities with both the EU services and manufacturing PMIs edging lower in the contraction area weaker than expected.
Fed's Waller: I support another significant hike in two weeks NEWS | 9/9/2022 4:10:28 PM GMT | By Eren Sengezer Share on Twitter Share on Facebook Share on Linkedin Join Telegram Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward, as reported by Reuters. Key...
United States: Economy Still Climbing the Mountain The second estimate of Q2 real GDP posted a 0.6% quarterly decline, slightly better than the first-reported 0.7% drop. New home sales fell 12.6% in July, reflecting the ongoing downshift in housing activity. Durable goods orders were essentially flat in July, while personal income and spending rose 0.2% and...
Support @1.1700 , Initial Buy@ 1.1700 ..........................................
Support@1.1670 , Trendline BUy@1.1670, ..........................................................................
Resistance @1.1900 , Initial SELL @ 1.1900 FOREX-Dollar firms as Fed members talk of tightening
Support @1.1840, Initial Buy@ 1.1840 ----------------Dollar pressured ahead of jobs data; kiwi leaps as rate hikes loom
BUY above 1.2185 , When Moving average UP
Possible BUY @ 1.2179 , follow MA10 in M1 charts
BUY @ when Moving average UP
Sell below Resistance line 1.2204
EURUSD Linear regression
EURUSD BUY @ middle regression band
EURUSD will bullish above yestarday weekly close price 1.2128 & bearish below 1.2128
If price above weekly close 1.2128 represents bullish Uptrend