European Markets Wrap-Up: Crude Oil Technical Analysis – Consolidation ahead of the US NFP report

Crude Oil Technical Analysis – Consolidation ahead of the US NFP report Fundamental Overview It's been a rough week for crude oil as the price dropped more than 6% on renewed growth fears amid a couple of soft US data. The delay by OPEC+ to increase production from Octobe...  EUR/CHF may look to revisit record low on any NFP angst The plunge in early August when markets were throwing a tantrum was held by the December 2023 lows, at least on the daily chart. But even so, the pair has been trending in a lower highs, lower lows pa...  Russell 2000 Technical Analysis – Growth fears weigh on small cap stocks Fundamental Overview This week the growth fears came back as the we got a couple of soft US data. Most of the weakness can be attributed to the ISM Manufacturing PMI which disappointed as it missed ex...  Eurozone Q2 final GDP +0.2% vs +0.3% q/q second estimate Prior +0.3% Looking at the breakdown, household consumption was more or less negligible on the quarter and that is the same for changes in inventories. Government expenditure contributed 0.1% while gr...  Weekly update on interest rates expectations Rate cuts by year-end Fed: 111 bps (57% probability of 25 bps rate cut at the upcoming meeting) ECB: 63 bps (98% probability of 25 bps rate cut at the upcoming meeting) BoE: 43 bps (77% probability of...  Latest Forex Orders FX option expiries for 6 September 10am New York cut There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at the 1.1100 and 1.1150 levels. They are likely to help sandwich price action as traders wait on the US job...  Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network This email was sent to trungtamthuchanhmt.hanghai18021960@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences ForexLive · 11 Apostolou Andrea, Hyper Tower 3rd floor, Mesa Geitonia · Limassol 4007 · Cyprus