Markets: The preliminary August PMI’s showed business activity in EMU contracting at accelerating pace. The composite output declined from 48.6 to 47. After 14 consecutive sub 50 readings for the manufacturing sector (43.7 from 42.7), Read more…
Markets: The preliminary August PMI’s showed business activity in EMU contracting at accelerating pace. The composite output declined from 48.6 to 47. After 14 consecutive sub 50 readings for the manufacturing sector (43.7 from 42.7), Read more…
WTI oil price fell around 1.6% on Wednesday after weak manufacturing data from Japan, Eurozone and Great Britain (PMI’s stay in contraction territory below 50 threshold) raised concerns about demand and further soured near-term sentiment. Read more…
Canada retail sales rose 0.1% mom to CAD 65.9B in June, above expectation of 0.0% mom. Excluding gasoline stations and fuel, motor vehicle and parts dealers, sales were down -0.9% mom. In volume terms, retail Read more…
EUR/USD started a fresh decline from 1.0930. USD/JPY is correcting gains and might test the 144.90 support in the near term. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
EUR/USD started a fresh decline from 1.0930. USD/JPY is correcting gains and might test the 144.90 support in the near term. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
NZDUSD has been in a steep decline after peaking at the five-month high of 0.6410 in July. However, the pair has managed to temporarily pause its retreat following its bounce off 0.5902, which is the Read more…
UK PMI Manufacturing fell from 45.3 to 41.5 in August, a 39-month low, and missed expectation of 45.1. PMI Services fell from 51.5 to 48.7, a 7-month low, below expectation of 50.8. PMI Composite fell Read more…
Germany PMI Manufacturing ticked up from 38.8 to 39.1 in August. PMI Manufacturing Output fell from 41.0 to 39.7, a 39-month low. PMI Services tumbled sharply from 52.3 to 47.3, a 9-month low. PMI Composite Read more…
Daily Pivots: (S1) 1.3521; (P) 1.3543; (R1) 1.3573; More…. Intraday bias in USD/CAD stays neutral as consolidation from 1.3574 is extending. Downside of retreat should be contained by 0.3371 to bring another rally. Break of Read more…