Entries by ChatsworthCommunications

Chinese and European manufacturing figures deflate optimism in global markets

“Optimism in global markets took a dent overnight as both Chinese and European PMI manufacturing figures disappointed, underscoring the rising concerns of a more concerted global slowdown. Global growth concerns couldn’t be coming at a worse time, when the US economy has undergone a series of disappointing data across all major points as the Federal Reserve winds down its stimulus program[…]

GBP/USD rally may not be finished yet

“Retail forex crowd positioning in GBPUSD may be the clearest example of emotions dictating trading decisions, rather than objective analysis, that we’ve noted to date. The GBPUSD recently broke the downtrend from the late-January highs, and retail traders, who were already short, chose to double down: they stepped up their shorts to their highest level since 2002. […]