Month: May 2022

Markets All eyes were on PMI business confidence for May today. In a context where concerns about growth going forward rise by the day, they provide much-appreciated guidance. For Europe, the fall-out of the war, Read more…

US PMI Manufacturing dropped from 59.2 to 57.5 in May. PMI Services dropped from 55.6 to 53.5. PMI Composite dropped from 56.0 to 53.8. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: Read more…

Central Bankers have some important decisions to make. In the below article I make the case for a looming policy mistake. Read below to find out more. Inflationary fears are certainly weighing on the minds Read more…

After yesterday’s rebound US futures are falling. A profit warning from Snap hit shares of social media companies. The Nasdaq is leading the charge lower. US futures Dow futures -0.7% at 31642 S&P futures -1.2% Read more…

The dollar index fell to one-month low on Tuesday, in extension of Monday’s 0.85% drop, under increased pressure from renewed risk appetite. Hawkish comments from ECB’s President Lagarde that the European Central Bank is likely Read more…

Daily Pivots: (S1) 127.34; (P) 127.70; (R1) 128.25; More… USD/JPY’s correction from 131.34 is still in progress. Deeper fall could be seen to 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86). But Read more…

Daily Pivots: (S1) 0.9607; (P) 0.9679; (R1) 0.9728; More… USD/CHF’s fall form 1.0063 is still in progress. Intraday bias stays on the downside for 55 day EMA (now at 0.9595) and below. But downside should Read more…

Daily Pivots: (S1) 1.0602; (P) 1.0650 (R1) 1.0739; More… EUR/USD’s rise from 1.0348 short term bottom is still in progress. Intraday bias remain son the upside. Firm break of 55 day EMA (now at 1.0760) Read more…