The Brazilian service sector growth accelerated somewhat in June as World Cup-related viewing events, hospitality spending, and media activity helped support demand, survey results published by S&P Global showed on Friday. The seasonally adjusted S&P Global Brazil Services Business Activity Index rose to 51.3 in June from 50.4 in May. A score above 50 indicates
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2026.07.03 2026.07.03 XAU/USD: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 3,927.70 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 3,927.70. Stop Loss: below 3,860.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below
The Dollar’s decline paused on Friday as trading quietened ahead of the US Independence Day holiday, but the bigger story is not the day’s price action. It is that the foreign exchange market is beginning to move beyond the one-dimensional narrative that dominated much of the second quarter. For weeks, almost every major currency traded
FUNDAMENTAL OVERVIEW USD: The US dollar has weakened across the board yesterday following the US NFP report. The data wasn’t bad, but it was enough to trigger a slightly dovish repricing in interest rate expectations. The chances for a July hike dropped to 17% vs 30% before the NFP release, and the probabilities for a
Is this the start of a sustained shift in market leadership Rather than signalling a wholesale retreat from equities, the latest moves suggest investors are simply broadening their horizons. The DAX’s record high illustrates that leadership within global equity markets is evolving, with European value stocks and traditional industries increasingly sharing the spotlight previously reserved
Russia’s services activity deteriorated at the fastest pace in nine months as weak client demand led to sharper declines in output and new orders, survey results from S&P Global showed on Friday. The services purchasing managers’ index, or PMI, dropped to 48.2 in June from 48.7 in May. Any score below 50 suggests contraction in the
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2026.07.03 2026.07.03 Short-Term Analysis for Oil, Gold, and EURUSD for 03.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil prices are
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The main highlight in ending the week for US markets was the non-farm payrolls release yesterday. It was a disappointing headline figure, which led to further downside in the dollar. In case you missed it: US June non-farm payrolls +57K vs +110K expected Still, US stocks closed in a more mixed mood amid a big
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Summary points: Asia-Pac equities recovered from an early sell-off, with the Nikkei and KOSPI leading a broad-based bounce back into positive territory Japan’s services PMI rose to 52.2 in June from 50.0, with a stronger yen and softer oil prices driving rotation out of tech into cyclicals and consumer names Gold jumped over 1% as
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The pullback from 54.4 to 54.1 is marginal enough that it shouldn’t shift the broader narrative of resilient Chinese domestic demand, but the acceleration in export orders to a 20-month high is the more interesting signal for markets watching China’s external rebalancing, particularly against the backdrop of elevated foreign equity outflows this year. The return
The headline return to expansion is unlikely to shift RBA rate expectations much given it was driven by staffing rather than demand, with new orders now contracting for a fourth straight month and backlogs being run down rather than rebuilt. The sharpest signal for markets is the confidence collapse to a two-and-a-half-year low, which points
The services sector in Australia moved into expansion territory in June, the latest survey from S&P Global revealed on Friday with a services PMI score of 50.5. That’s up from 48.7 in May and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Some companies reported that rising staffing levels had
