Eurozone retail sales volume dropped -2.7% mom in December, worse than expectation of -2.5% mom. The volume of retail trade decreased by -2.9% for food, drinks and tobacco and by -2.6% for non-food products, while Read more…
UK PMI Construction dropped slightly from 48.8 to 48.4 in January, below expectation of 49.5. S&P Global noted that residential work had the steepest drop for 32 months. New orders and employment continued to decrease. Read more…
Eurozone Sentix Investor Confidence rose from -17.5 to -8.0 in February, above expectation of -11.8. That;s also the highest since March 2022. Current Situation Index rose from -19.3 to -10.0, highest since June 2022. Expectations Read more…
EURUSD opened with a slight negative gap on Monday around 1.0780 following Friday’s post-NFP crash, which erased February’s gains and squeezed the price below its 20-day exponential moving average (EMA). Encouragingly, the positive trend from Read more…
Gold price started a fresh decline from the $1,960 zone against the US Dollar. The price declined heavily below $1,925 and moved into a bearish zone. The bears even pushed the price below the $1,900 Read more…
Daily Pivots: (S1) 157.00; (P) 157.87; (R1) 159.02; More… Intraday bias in GBP/JPY remains neutral as range trading continues. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 140.23; (P) 141.29; (R1) 142.65; More…. Intraday bias in EUR/JPY remains neutral with immediate focus on 142.84 resistance. Decisive break there will argue that the correction from 148.38 has completed at 137.37 Read more…
Good day, and welcome to Monday’s edition of the Daily Authority. We finally got a cool, cloudy day in Cape Town, which seems all too rare nowadays. I’ve never been a lover of summer, Read more…
Daily Pivots: (S1) 0.8920; (P) 0.8949; (R1) 0.8986; More… EUR/GBP’s rally is still in progress and intraday bias stays on the upside. Next target is 100% projection of 61.8% projection of 0.8545 to 0.8896 from Read more…
Daily Pivots: (S1) 1.5464; (P) 1.5534; (R1) 1.5665; More… As EUR/AUD’s rebound from 1.5254 extends, intraday bias in back on the upside for 1.5749 resistance. Decisive break there will confirm that correction from 1.5976 has Read more…