TAG: fundamental
German Manufacturing PMI Falls from 42.5 to 41.9 in March
On Tuesday, the German manufacturing sector was in the spotlight.German Manufacturing PMIIn March, the German Manufacturing PMI declined from 42.5 to a five-month low of 41.9, slightly higher than the preliminary figure of 41.6.According to the finalized...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: PMI Surprises, Dollar Eyes 105.25
Market OverviewThe EUR/USD recently saw Spanish Unemployment Change outperforming expectations at -33.4K against the forecasted 10.0K. Additionally, the Spanish Manufacturing PMI stood at 51.4, slightly above the anticipated 51.1.Events AheadIn the upcomi...
6 months ago
Natural Gas and Oil Forecast: Middle East Risks Elevate Bullish Oil Trends
Market OverviewOil prices experienced a surge, driven by promising demand indicators from China and the U.S., alongside escalating Middle East tensions impacting supply concerns. Improved manufacturing activity in China and the U.S. hints at a robust dema...
6 months ago
Gold, Silver, Copper Daily Forecast: XAU Hits $2,257; More Buying Ahead?
Market OverviewGold prices reached a new peak, with spot gold hitting $2,257 per ounce, despite the stronger dollar and U.S. manufacturing data indicating economic robustness. This growth dampened immediate rate cut expectations, elevating Treasury yields...
6 months ago
NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Pull Back From Session Highs As Treasury Yields Rise
SP500SP500 010424 4h ChartSP500 pulls back as traders react to the better-than-expected ISM Manufacturing PMI report. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4....
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Rising Tensions In The Middle East
Natural GasNatural Gas 010424 Daily ChartNatural gas is moving higher as traders bet that it would not be able to settle below the key support at $1.60 – $1.65.If natural gas stays above the $1.80 level, it will head towards the resistance at $1.95 – $2.0...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Pulls Back After Testing New Highs
GoldGold 010424 Daily ChartGold pulled back from historic highs as U.S. dollar gained ground after the release of the better-than-expected ISM Manufacturing PMI report. It should be noted that demand for gold stays strong despite rising Treasury yields, w...
6 months ago
Nasdaq 100, Dow Jones, S&P 500 News: Wall Street Wavers Amid Inflation Uncertainty
U.S. Stock Market: Early Volatility Amid Mixed SignalsThe U.S. stock market is exhibiting a blend of strength and weakness in early trading this Monday, following a robust performance in the first quarter. Traders are assessing the impact of recent U.S. i...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
ISM Manufacturing PMI Climbs Above 50, Beating Analyst Expectations
On April 1, 2024, the Institute for Supply Management released ISM Manufacturing PMI report for March. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4. Numbers above 5...
6 months ago
The Market News Today: JOLTS Survey Forecasts Dip in Job Openings
US JOLTS Preview: Job Openings Expected to Dip Below 9 Million in FebruaryAs investors await Friday’s March jobs report, analysts anticipate a slight decrease in job vacancies to 8.79 million, signaling a potential cooling in labor demand. The Job Opening...
6 months ago
Crude Oil News Today: Russia’s Taneco Refinery Attack Stirs Supply Worries
Light crude oil futures are showing significant strength on Tuesday, as they near levels not seen since October last year. This bullish trend is being fueled by a complex interplay of geopolitical events, evolving demand in key markets, and strategic move...
6 months ago
Gold Prices Forecast: New Highs Despite Firm Yields, Stronger Dollar
Gold Market Surges Despite HeadwindsGold prices reached a new all-time high on Tuesday, marking a notable rally despite a strong U.S. dollar and anticipated longer-term U.S. rate hikes. This rise in gold prices, defying several traditional market barriers...
6 months ago
Nasdaq Index, Dow Jones, S&P 500 News: Wall Street Lower Amid Sector Weakness
Stock Futures Slip Amid Health Insurer ConcernsIn Tuesday’s pre-market session, stock futures pointed down, continuing the recent trend of losses. Dow Jones Industrial Average and S&P 500 futures indicated a weaker opening, primarily impacted by devel...
6 months ago