Month: February 2022

Eurozone PPI rose 2.9% mom, 26.2% yoy in December, slightly below expectation of 3.0% mom, 26.6% yoy. For the month, industrial producer prices increased by 7.0% mom in the energy sector, by 0.7% mom for Read more…

UK PMI Services was finalized at 54.1 in January, up from December’s 10-month low of 53.6. PMI Composite was finalized at 54.2, up from prior month’s 53.6. Markit said charges had fastest rise on record Read more…

WTI oil futures’ 10-week rally from 66.12 has recorded a near 7½-year high of 89.70 but the price has detached from the upper Bollinger band, hinting that bullish momentum has slowed to some extent. The Read more…

The British pound has put together an impressive rally this week, with gains of 1.11%. The currency has taken a pause ahead of a key BoE policy meeting later today. BoE expected to hike rates Read more…

Eurozone PMI Services was finalized at 51.1 in January, down from December’s 53.1. PMI Composite was finalized at 52.3, down from prior month’s 53.3. Looking at some member states, Ireland PMI Composite was unchanged at Read more…

GBP/USD eases ahead of BoE GBP/USD is heading lower ahead of the BoE interest rate decision. The BoE is expected to lift interest rates again today after an unexpected hike in December. Since the last Read more…

EURJPY slowed its positive pace after Monday’s quick bounce off the 128.00 territory, but the 20-day simple moving average (SMA) came to balance the boat, navigating the price gradually above the 129.23 barrier and to Read more…

The US 30 cash index came back swinging after its January retreat, as the downtrend move appeared to be overextended. Currently, the index is trading above its 50- and 200-day simple moving averages (SMA), supporting Read more…

AUDUSD found strong support at the 18-month trough of 0.6965 in the previous week, rallying towards the 20-day simple moving average (SMA). However, the RSI indicator is suggesting a weakening bias as it is turning lower in Read more…