Stocks waver ahead of key economic data; Walmart cuts corporate positions, Lucid shares plunge on production woes, and Tesla shareholders gather to vote on 3-for-1 stock split Here are five things you must know for Read more…
In ECB’s Consumer Expectations Survey, consumers’ mean perceived inflation over the past 12 months increased markedly from May’s 8.2% to June’s 8.6%. Median inflation perceptions over the previous 12 months rose from 6.6% to 7.2%. Read more…
UK PMI Construction dropped from 52.6 to 48.9 in July, below expectation of 52.1. That’s the first contraction reading since January 2021, and worst since May 2020. Tim Moore, Economics Director at S&P Global Market Read more…
WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. Although a further decline had been rejected multiple times by the 200-day simple moving average Read more…
AUDUSD is tipping upwards again after setting a foothold around the 20-day simple moving average (SMA) at 0.6880 earlier this week. Likewise, the RSI has avoided a drop below its 50 neutral mark, rotating northwards Read more…
The headline number of job gains so far this year has left policymakers quite happy. But a look under the surface shows some troubling signs. And they are expected to be exacerbated by the data Read more…
Daily Pivots: (S1) 161.55; (P) 162.30; (R1) 163.38; More… Range trading continues in GBP/JPY and intraday bias remains neutral first. Consolidation from 168.67 could still extend further. Break of 166.31 resistance will be the first Read more…
Daily Pivots: (S1) 135.18; (P) 135.80; (R1) 136.76; More…. EUR/JPY’s break of 135.85 minor resistance suggests short term bottoming at 133.38, after defending 134.11 key support. Intraday bias is back on the upside for 55 Read more…
Daily Pivots: (S1) 1.4584; (P) 1.4663; (R1) 1.4711; More… Intraday bias in EUR/AUD remains neutral for the moment. While stronger recovery cannot be ruled out, upside should be limited below 1.4910 resistance to bring fall Read more…
Daily Pivots: (S1) 0.8351; (P) 0.8363; (R1) 0.8383; More… Intraday bias in EUR/GBP stays on the downside. Current fall from 0.8720 should target a retest on 0.8201 low. On the upside, above 0.8414 minor resistance Read more…