Markets At first sight, EMU May PMI’s were close to expectations. The composite measure eased slightly from 54.1 to 53.3 (vs 53.5 expected), but still suggests solid growth. The dichotomy between a further contraction in Read more…
Markets At first sight, EMU May PMI’s were close to expectations. The composite measure eased slightly from 54.1 to 53.3 (vs 53.5 expected), but still suggests solid growth. The dichotomy between a further contraction in Read more…
With US lawmakers unable to reach a deal on the debt ceiling, investors are laser-focused on the risk of a catastrophic default. However, the real problem for markets might be what happens after an agreement Read more…
Daily Pivots: (S1) 1.2410; (P) 1.2441; (R1) 1.2469; More… GBP/USD’s decline from 1.2678 resumed by taking out 1.2390 temporary low and intraday bias is back on the downside. Current fall is seen as a correction Read more…
UK CPI will finally fall below double digits when the April report is issued tomorrow. Unless there is an unprecedented catastrophe, that is. While policymakers and politicians might cheer the results, the components are likely Read more…
UK PMI Manufacturing dropped from 47.8 to 46.9 in May, a 5-month low. PMI Services dropped from 55.9 to 55.1. PMI Composite dropped from 54.9 to 53.9. Chris Williamson, Chief Business Economist at S&P Global Read more…
UK PMI Manufacturing dropped from 47.8 to 46.9 in May, a 5-month low. PMI Services dropped from 55.9 to 55.1. PMI Composite dropped from 54.9 to 53.9. Chris Williamson, Chief Business Economist at S&P Global Read more…
UK PMI Manufacturing dropped from 47.8 to 46.9 in May, a 5-month low. PMI Services dropped from 55.9 to 55.1. PMI Composite dropped from 54.9 to 53.9. Chris Williamson, Chief Business Economist at S&P Global Read more…
Daily Pivots: (S1) 149.15; (P) 149.54; (R1) 150.23; More…. EUR/JPY’s rebound from 146.12 is still in progress. Further rise could be seen for retesting 151.60 high. Decisive break there will resume larger up trend. On Read more…
DXY: The DXY is currently showing a bullish trend, with the price movement in a bullish ascending channel contributing to this momentum. The price could potentially continue its upward movement towards the first resistance level. Read more…