UK PMI Services was finalized at 58.9 in April, down from March’s 62.6. S&P Global noted that input cost inflation hit fresh record high. Activity and new business continued to rise, but a reduced rates. Read more…
EUR/GBP rises ahead of BoE rate decision EURGBP is rising despite weak German factory orders and as attention turns to the BoE interest rate decision. German factory orders fell -4.7% MoM after falling -0.8% in Read more…
Bitcoin soared 4.2% overnight, getting close to the meaningful $40K round level, although there is a $400 retreat from the peaks early on Thursday. Meanwhile, Ethereum strengthened 5.1% overnight and other leading altcoins in the Read more…
WTI crude oil futures are flirting with the 109.20 resistance, which failed several times in the previous weeks to surpass it. More increases could add some optimism to the bulls for a positive outlook in Read more…
GBPUSD closed confidently above the 1.2570 resistance area on Wednesday after a short period of consolidation, raising hopes that the bounce off 1.2410 may get new legs in the short term ahead of today’s BoE policy Read more…
EUR/USD The European session started calmly – with a slight decline towards 1.0510, but after the opening of the U.S. stock exchange at 13:30 GMT, the EUR bulls took control. Any speculative movements prior to Read more…
The price of crude oil moved upwards after Hungary vetoed a decision by the European Union to ban almost all imports of Russian oil. The country said that banning oil from the country would lead Read more…
Daily Pivots: (S1) 162.20; (P) 162.70; (R1) 163.61; More… Intraday bias in GBP/JPY stays neutral as corrective pattern from 168.40 is extending. In case of another fall, downside should be contained by 61.8% retracement of Read more…
Daily Pivots: (S1) 136.70; (P) 137.07; (R1) 137.54; More…. EUR/JPY is still extending the consolidation from 139.99 and intraday bias remains neutral. Downside of retreat should be contained by 38.2% retracement of 124.37 to 139.99 Read more…
Daily Pivots: (S1) 0.8386; (P) 0.8418; (R1) 0.8440; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, above 0.8465 will turn focus back to 0.8511 resistance intact. Further break of 0.8511 Read more…