France PMI Manufacturing dropped from 55.7 to 54.5 in May. PMI Services dropped from 58.9 to 58.4. PMI Composite dropped from 57.6 to 57.1. Joe Hayes, Senior Economist at S&P Global Market Intelligence said: “The Read more…
EURJPY is holding above the bullish crossover within the 20- and 40-day simple moving averages (SMAs) but the current momentum is negative. The RSI indicator is pointing downwards around the neutral threshold of 50; however, Read more…
Markets Markets’ mood/reaction function continue switching sides from day to day. Last week, uncertainty that policy tightening could kill growth, triggered hefty equity selling and a pause in the core yields’ rally. Yesterday, investors saw Read more…
The US stocks rebounded on Monday. Banking stocks rallied as JP Morgan’s CEO Jamie Dimon said that the ‘storm clouds’ may dissipate. JP Morgan shares jumped more than 6%. Also, Joe Biden said that the Read more…
Market movers today The main event today is the flash PMI releases in the euro area and the US. On both sides of the Atlantic, we expect continued resilience in service sector activity, but look Read more…
PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST. Asian Indices: Australia’s ASX 200 index fell by -4.2 points (-0.06%) and Read more…
See how a location has changed over time. | Image: Google Google Maps’ Street View feature is getting a couple of upgrades to celebrate the service’s 15th anniversary, the search giant announced today. The first Read more…
Daily Pivots: (S1) 159.94; (P) 160.47; (R1) 161.54; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 155.57 will extend the correction towards 150.96 key structural support. Nevertheless, Read more…
Daily Pivots: (S1) 135.34; (P) 136.07; (R1) 137.48; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Corrective pattern from 139.99 could still extend lower. On the downside, break of 132.63 will resume Read more…
Daily Pivots: (S1) 0.8450; (P) 0.8477; (R1) 0.8521; More… Outlook in EUR/GBP is unchanged and intraday bias remains neutral first. Further rise will remain in favor as long as 0.8365 support holds. On the upside, Read more…