Weekly market outlook for 06.05.24 – 10.05.24
May 6, 2024 Monday kicked off with April HCOB PMIs for Europe, which came in slightly higher on average.Spanish services 56.2 vs 56 ex vs 56.1 lastItalian services 54.3 vs 54.7 ex vs 54.6 lastFrench composite 50.5 vs 49.9 ex vs 49.9 lastFrench services 51.3 vs 50.5 ex vs 50.5 lastGerman composite 50.6 vs 50.5 […]
Price Summary week 29.04.24 – 03.05.24
May 6th 2024 Forex:EurUsd:The week started off on Monday without a gap. We didn’t see a lot of action on a relatively silent start to the week. The whole-day range of roughly 47 pips underlines the market’s inability to find something worth taking a direction. We started the week at 1.0686 and ran higher to […]
Macro data summary week 29.04.24 – 03.05.24
May 6th 2024 A big highlight for last week came early Monday Asia session already, with the USD/JPY climbing from 158 to 160 in a violent stop move, clearing 158.65 to 160.16 in a single minute. We rejected 160 in an expected move and settled around 159 for a good while. Roughly two and a […]