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Fundamental Forex Analysis

Eurozone Preliminary Manufacturing PMI hits a record low of 33.6 in April, EUR/USD re-takes 1.08

Eurozone Manufacturing PMI arrives at 33.6 in April vs. 39.2 expected. Eurozone Services PMI stands at 11.7 in April vs. 23.8 expected. The Eurozone manufacturing sector witnessed the sharpest deterioration e...

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Forex News

Rebounds swiftly from weekly lows, retakes 1.2500 mark

GBP/USD continues to find decent support near the 1.2400 round-figure mark. Bulls are likely to wait for a move beyond 100-day SMA, around 1.2525 area. The GBP/USD pair quickly recovered around 100 pips from w...

UK construction PMI jumps to 48.4 in January, GBP/USD re-takes 1.3000
Fundamental Forex Analysis

UK construction PMI jumps to 48.4 in January, GBP/USD re-takes 1.3000

UK construction PMI rises to 48.4, beats estimates. GBP/USD attempts recovery above 1.3000 Hard Brexit fears will continue to weigh on the pound. The construction sector activity in the UK improved dramatica...

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Forex News

EUR/USD retakes 1.1100 and beyond on upbeat ZEW

EUR/USD quickly moves above the 1.1100 mark. German Economic Sentiment improves to 26.7 in January. Attention now shifts to Trump’s speech in Davos. A sudden boost of buying interest pushed EUR/USD back above ...