EURUSD Consolidates Between Key Levels Amid Bearish Momentum
EURUSD – 1 Aug 2024 As of August 1, 2024, the EURUSD pair is trading sideways on the weekly timeframe, fluctuating between R1 (1.05052) and R2 (1.10437). The pair sits close to the kumo cloud, indicating indecision in the market as volatility persists. Currently, the pair is priced at 1.08326 and has taken on a […]
China’s Factory Activity Contracts: Economic Challenges Ahead
China’s Factory Activity Contracts: Economic Challenges Ahead China’s Factory Activity Contracts, Economic Challenges Ahead. In July, China’s factory activity contracted for the first time in nine months, highlighting the significant challenges policymakers face in revitalizing a sluggish economy. The China Caixin manufacturing purchasing managers index (PMI) fell to 49.8 in July from 51.8 in June, […]