US Economic Reports and Fed Comments Signal Mixed Outlook February ISM Manufacturing Data Disappoints The latest ISM manufacturing data for the US came in at 47.8, which was below the expected 49.5. This indicates a slowdown in the manufacturing sector and could potentially impact overall economic growth. Construction Spending Falls
Breaking Down the Latest Forex News: US Dollar Falters on Disappointing Data, Nasdaq Hits New High in 2021! Description: US February ISM manufacturing came in at 47.8, missing the expected 49.5. Additionally, US January construction spending dropped by 0.2%, contrary to the predicted increase of 0.2%. US February UMich final
The Impressive S&P 500 Rally By: Anonymous Since October 27, the S&P 500 has rallied 24.7%. It’s an incredible achievement as the world’s largest stock market (by far) increases its value by one quarter. Nvidia alone was 33% of the gain, but that’s another story. What stands out about this
Unprecedented Success: US Stocks on an Unstoppable Four-Month Streak – A Record Breaking Run! Introduction Since October 27, the S&P 500 has rallied 24.7%. It’s an incredible achievement as the world’s largest stock market (by far) increases its value by one quarter. Nvidia alone was 33% of the gain, but
The Latest Economic Update: A Positive Outlook for Manufacturing Key Points: – Prelim was 51.1, Prior was 50.7 – Input prices rose at a slower pace – Selling prices increased at the steepest pace since April 2023 – Domestic and foreign client demand strengthened, driving total sales higher and at
Breaking Down the Latest US Manufacturing PMI: A Closer Look at the February Numbers Preliminary Numbers The latest US Manufacturing Purchasing Managers’ Index (PMI) for February has been released, with the preliminary figure coming in at 51.1. This is an improvement from the prior month’s figure of 50.7, indicating a
Canada’s Manufacturing PMI Shows Signs of Improvement Overview Prior Situation Previously, Canada’s manufacturing Purchasing Managers’ Index (PMI) was at 48.3, indicating a contraction in the sector. The decline was mainly driven by falling output and new orders. Current Situation In the latest report, there has been a relative improvement in
Breaking Down the Latest Canadian Manufacturing PMI: February’s Surprising Results! Prior was 48.3 The latest Canadian Manufacturing Purchasing Managers’ Index (PMI) for February has just been released and the results are surprising. The PMI for February stood at 48.3, showing a relative improvement compared to the previous period. The relative
Market Update: Nasdaq Composite Reacts to US Data Yesterday’s Market Movement Yesterday, the Nasdaq Composite bounced around a key support zone helped by the release of the US PCE report where the data came in line with expectations. The market might have feared a higher reading but as soon as
Unleashing the Power of Technical Analysis: A Closer Look at the NASDAQ Composite – March 1st, 2024 Description Yesterday, the Nasdaq Composite bounced around a key support zone helped by the release of the US PCE report where the data came in line with expectations. The market might have feared
The Rise of Bitcoin Dogs: A Game Changer in the Blockchain World With only two weeks remaining, the Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first ICO on BRC-20, Bitcoin Dogs,
Time is Running Out: Don’t Miss the First Presale on the Bitcoin Blockchain! Bitcoin Dogs Presale Overview With only two weeks remaining, the Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first
GBE Brokers Partners with TradingView Advancing Brokerage Technology GBE Brokers has recently announced a strategic partnership with TradingView, a social trading platform, to offer its clientele access to an array of market analysis tools and features. This collaboration was made possible through Match-Trader, a leading provider of trading software solutions.
Revolutionizing Forex Trading: GBE Brokers Teams Up with TradingView for Seamless Match Trader Integration Advancing Brokerage Technology GBE Brokers has recently announced a strategic partnership with TradingView, a social trading platform, to offer its clientele access to an array of market analysis tools and features. This collaboration was made possible
eToro Strengthens French Strategy eToro Appoints Inès de Dinechin as Special Adviser in France eToro, the trading and investment platform, has announced the appointment of Inès de Dinechin as Special Adviser to the business in France. Dinechin is set to collaborate closely with eToro’s management team alongside the local French
Revolutionizing the Forex Industry: eToro Welcomes Inès de Dinechin as Special Adviser in France Description: eToro, the trading and investment platform, has announced the appointment of Inès de Dinechin as Special Adviser to the business in France. Dinechin is set to collaborate closely with eToro’s management team alongside the local
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