USD Down Despite Promising Sings in ISM Services for April
ISM services showed a slight improvement in the headline number, but the details look better, although the USD continues to slide ahead of t Full Article
USD/JPY Continues to Slide Lower As ISM Services Point Toward US Recession
The JPY is benefiting from the safe haven status again as US economic indictors take a turn for the worse, keeping USD/JPY bearish Full Article
Reaction to US ISM Services Shows Markets Remain at the Middle of the Road
We are seeing large moves on any decent economic report, which indicates that markets are not certain about a hard or a soft global recessio Full Article
USD/CAD Heads for the 50 Daily SMA As Oil Crashes Below $77
USD/CAD reached 1.36 yesterday after surging from below 1.34, as Oil prices tumbled lower after the US ISM services Full Article
Forex Signals Brief for December 6: RBA Delivers the 8th Hike in A Row
Yesterday USD buyers returned as risk sentiment turned negative after the stronger US ISM services numbers, while today the RBA raised rates Full Article
Forex Signals Brief for October 6: USD Reverses After ISM Services Remain Strong
The USD has been on a strong bearish momentum for more than a week, but yesterday we saw a bullish reversal after strong ISM non-manufacturi Full Article
EUR/USD Rejected at Parity As US ISM Services Remain Upbeat
EUR/USD made a strong comeback since Monday last week, but buyers failed at parity and today we're seeing a strong reversal lower Full Article
Forex Signals Brief for October 5: Will the USD Dive on ISM Services Too?
We have seen the USD dive on softer ISM manufacturing and JOLTS jobs in the last two days, so we'll watch ISM services closely today Full Article
Forex Signals Brief for September 6: Can A 75 BPS Hike From the BOC Help the CAD?
The Bank of Canada is expected to raise interest rates by 75 basis points (bps) today, but mind FED members for action in USD/CAD Full Article
Forex Signals Brief for September 6: ISM Services to Nail Another 75 BPS FED Hike
The RBA raised interest rates by 0.50% last night, but the main event will be the ISM services which will affect the FED policy Full Article
Can Stock Markets Resume Decline After the Retrace Higher in July?
We remain short on the German DAX30 index, as it continues to find resistance above at moving averages Full Article
Forex Signals Brief for August 3: Will US Services Head Into A Recession?
The global economy is heading into a recession, with the US economy already there, but services have remained decent until June Full Article
Remaining Long on the USD, As US Services Remain Robust
US services are holding up well compared to Europe as the ISM non-manufacturing report for June showed today Full Article