UK PMI Manufacturing was finalized at 43.0 in August, down from 45.3 in July. This marks the lowest level since May 2020, underscoring the frailty in the sector. S&P Global highlighted that the demand slackened Read more…
Gold price is showing positive signs above the $1,925 pivot level. Crude oil price is rising and it could climb further higher toward the $85 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Read more…
Daily Pivots: (S1) 183.63; (P) 184.90; (R1) 185.70; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Price actions from 186.75 are viewed as a corrective pattern. Another fall could still be seen Read more…
Swiss CPI rose 0.2% mom in August, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) rose 0.1% mom. Domestic products prices was flat 0.0% mom. Import products prices rose 0.8% mom. Read more…
The Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following the Board’s decision to hold rates steady at Read more…
The Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following the Board’s decision to hold rates steady at Read more…
Chinese Yuan saw a sharp uptick after PBoC announced a substantial 200 bps cut in foreign exchange reserve requirement ratio to 4% from 6%, effective September 15. According to PBoC, the move aims to “improve Read more…
Key Highlights USD/JPY is consolidating above the 145.50 support. A key bullish trend line is forming with support near 145.50 on the 4-hour chart. EUR/USD struggled to clear the 1.0940 and trimmed gains. The US Read more…