To Hike or Not to Hike, That Is the Question Summary After raising rates by 500 bps since March 2022, the FOMC signaled at the conclusion of its previous meeting on May 3 that the Read more…
To Hike or Not to Hike, That Is the Question Summary After raising rates by 500 bps since March 2022, the FOMC signaled at the conclusion of its previous meeting on May 3 that the Read more…
US ISM Services PMI dropped from 51.9 to 50.3 in May, below expectation of 52.6. Looking at some details, business activity/production dropped from 52.0 to 51.5. New orders dropped from 56.1 to 52.9. Employment dropped Read more…
Daily Pivots: (S1) 139.03; (P) 139.55; (R1) 140.49; More… USD/JPY is staying in consolidation below 140.90 and intraday bias remains neutral. Further rally is expected as long as 138.22 minor support holds. On the upside, Read more…
Gold has breached its ascending trendline and could soon drop below the Ichimoku cloud as well, as the short-term momentum indicators are pointing down. The %K and D% lines of the stochastic oscillator have posted Read more…
Gold has breached its ascending trendline and could soon drop below the Ichimoku cloud as well, as the short-term momentum indicators are pointing down. The %K and D% lines of the stochastic oscillator have posted Read more…
Gold has breached its ascending trendline and could soon drop below the Ichimoku cloud as well, as the short-term momentum indicators are pointing down. The %K and D% lines of the stochastic oscillator have posted Read more…
Eurozone PPI came in at -3.2% mom, 1.0% yoy in April, versus expectation of -2.7% mom, 0.8% yoy. For the month, industrial producer prices decreased by 10.1% mom in the energy sector and by -0.6% Read more…
UK PMI Services was finalized at 55.2 in May, down slightly from April’s 55.9. S&P Global said there were robust rises in output and incoming new work. Staffing numbers increased for the fifth month running. Read more…
Daily Pivots: (S1) 1.2414; (P) 1.2480; (R1) 1.2517; More… Intraday bias in GBP/USD remains neutral for the moment. on the downside, break of 1.2306 will resume the correction from 1.2678. Deeper decline would then be Read more…