Prior 51.6 Manufacturing PMI 45.2 vs 46.0 expected Prior 46.0 Composite PMI 48.1 vs 50.0 expected Prior 50.0 The stark drop here is largely attributed to the decline in the services sector, in which activity fell to a 10-month low. However, manufacturing conditions also struggled with the contraction deepening amid a further decline in production...
Fundamental Overview Last week, we got a pullback in the Nasdaq as the higher-than-expected inflation readings and a less dovish Powell weighed a bit on the market. Despite the recent events though, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market...
You must be logged in to post a comment.
The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher in trading...
Ford is announcing they will cut 4000 jobs primarily in Germany and the UK. They blame week EV sales and also lack of government support and increasing competition. Shares of Ford are trading your unchanged at $11.05 in premarket trading. The last few days has seen the price test the...
The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up around 50 points. The current price is down -246 points or -1.29% at 18743.80. The low price reached 18724.39. Looking at the hourly chart, the price is approaching its 200...
Leave a comment
You must be logged in to post a comment.