Author: FX
Business activity in the US private sector expanded at a slightly better pace in January than in December, with the S&P Global’s preliminary Composite Purchasing Managers’ Index (PMI) edging higher to 52.8 from 52.7.In this period, the Manufacturing PMI rose to 51.9 from 51.8, while the Services PMI remained unchanged at 52.5. Both of these figures came in slightly below analysts’ estimates.Commenting on the survey’s findings, “The flash PMI brought news of sustained economic growth at the start of the year, but there are further signs that the rate of expansion has cooled over the turn of the new year…
Sector OverviewThe stock market presented a mixed bag of performances today, with noteworthy activity across several key sectors. The technology sector stood out with striking contrasts: while Nvidia (NVDA) surged by 1.98% amid high investor interest, Intel (INTC) faced a steep decline of 12.93%, reflecting challenges or unfavorable news impacting the semiconductor space. Notably, AMD emerged as another strong player, advancing 4.86%.Technology: While Nvidia’s gains underline investor confidence or positive developments, Oracle (ORCL) dropped by 2.95% possibly hinting at concerns in infrastructure software.Consumer Cyclical: The sector saw modest gains with Amazon (AMZN) up by 0.79%, signaling continued consumer confidence in…
Prior was 51.8 This article was written by Adam Button at investinglive.com. Source link
The Euro (EUR) weakens against the British Pound (GBP) on Friday, with the Sterling outperforming its major peers after stronger-than-expected UK economic data. At the time of writing, EUR/GBP is trading around 0.8677 after climbing to a three-week high near 0.8745 earlier this week.Preliminary S&P Global Purchasing Managers Index (PMI) figures signaled a sharp improvement in UK business activity at the start of the year. The flash Composite PMI rose to 53.9 in January from 51.4 in December, marking the strongest expansion in private-sector output since April 2024.The services sector led the upturn, with the flash Services PMI climbing to…
Exclusive-Citigroup to lay off more employees in March, sources say Source link
Date: January 23, 2026 Market: Light Crude Oil Futures (CL) | Micro Crude Oil (MCL) Author: Itai Levitan, investingLive.comAs I show in my video above, this oil technical analysis for today focuses on the daily structure in light crude oil futures, where price action continues to favor the bears. That said, this is not a one-sided narrative. While the current evidence points lower, we remain very clear about where, when, and how the bearish outlook would be invalidated. Tight risk control and open-mindedness are essential, especially in crude oil.Key takeaways for traders and investorsCrude oil remains inside a well-defined price…
The best reversal MT4 indicator doesn’t predict the future, but it does something arguably more valuable: it identifies high-probability turning points using objective price data. When calibrated properly, these tools cut through the noise and highlight moments when momentum shifts from bulls to bears—or vice versa. What Makes a Reversal Indicator Best Here’s the thing—there’s no universal champion in the reversal indicator arena. What works for scalping EUR/JPY on a 5-minute chart might fall flat when swing trading gold on the daily timeframe. The best reversal indicators share three characteristics: they combine multiple confirmation signals, they adapt to different market…
German/ Eurozone flash PMIs OverviewThe preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for January is due for release today at 08:30 and 09:00 GMT, respectively.Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European currency and the related markets as well.The flash Composite PMI for Germany is expected to come in higher due to an improvement in both manufacturing and the service sector activity. In December, the Composite PMI came in at 51.3.Preliminary Services PMI is seen at 53, higher than 52.7 in December.…
EUR/CAD is struggling to break through its moving average resistance. Could this keep the pair stuck in its downtrend before it runs into the top of the pattern? Let’s check out the daily time frame: EUR/CAD Daily Forex Chart by TradingView The euro has seen mixed price action so far this week, acting as a regional safe haven at times while also trading like a risk currency against other counterparts. The Canadian dollar has not found much traction either, with the oil-linked currency showing uneven moves despite firmer oil prices and an improvement in overall risk sentiment. With Euro Area…
The U.S. core Personal Consumption Expenditures (PCE) price index rose 2.8% year-over-year in November, matching expectations and ticking up from October’s 2.7% reading, according to data released Thursday by the Bureau of Economic Analysis (BEA). The headline PCE price index also increased 2.8% annually, up from 2.7% in October and in line with forecasts. On a monthly basis, both headline and core PCE rose 0.2%, matching expectations. Key Takeaways Core PCE rose 2.8% year-over-year in November, up from 2.7% in October Headline PCE also increased 2.8% annually, matching the core rate October and November data were released together due to…