Dollar rises against Yen after release of slightly better than expected ISM manufacturing data. But there is no clear pick up in buying against other major currencies. Weakness in Yen remains in the main theme. Read more…
China’s PMIs released over the weekend were much weaker than expected, with the manufacturing index signalling a downturn. The official manufacturing PMI fell to 49.2 in April from 51.9 the previous month and 51.4 expected. Read more…
Daily Pivots: (S1) 1.0972; (P) 1.1009; (R1) 1.1054; More… EUR/USD is extending the sideway consolidation from 1.1094 and intraday bias remains neutral. Further rally is expected as long as 1.0908 support holds. Break of 1.1094 Read more…
Daily Pivots: (S1) 148.01; (P) 149.22; (R1) 151.30; More…. Intraday bias in EUR/JPY remains on the upside for the moment. Current up trend should now target 153.64 projection level. On the downside, below 148.61 minor Read more…
EUR/USD: Awaiting Fed and ECB Meetings The main factor determining the dynamics of the US Dollar Index (DXY) and, consequently, the EUR/USD pair last week was… silence. If recently, the speeches of Federal Reserve representatives Read more…
EUR/USD: Awaiting Fed and ECB Meetings The main factor determining the dynamics of the US Dollar Index (DXY) and, consequently, the EUR/USD pair last week was… silence. If recently, the speeches of Federal Reserve representatives Read more…
EUR/USD: Awaiting Fed and ECB Meetings The main factor determining the dynamics of the US Dollar Index (DXY) and, consequently, the EUR/USD pair last week was… silence. If recently, the speeches of Federal Reserve representatives Read more…
EUR/USD: Awaiting Fed and ECB Meetings The main factor determining the dynamics of the US Dollar Index (DXY) and, consequently, the EUR/USD pair last week was… silence. If recently, the speeches of Federal Reserve representatives Read more…
Market movers today A busy week of data releases and central banks kicks off in a quiet fashion. Today we are curious to see whether the US ISM manufacturing index for April reflects similar strength Read more…
Japan’s PMI Manufacturing for April was finalized at 49.5, marginally above March’s 49.2, marking the sixth consecutive month of contraction in the sector. Jibun Bank noted that new order volumes displayed further signs of stabilization, Read more…