UK PMI Services was finalized at 49.3 in September, a marginal drop from the neutral 50.0 recorded in August. S&P Global’s analysis points to persistent declines in both business activity and new ventures, and notably, Read more…
GBPJPY finds support after sudden fall, but risks remain Bearish wave could gain new legs below 178 GBPJPY slumped suddenly to 10-week low of 178.00 on Tuesday in what looked to be a currency intervention Read more…
The latest Eurozone PMI Services data brings both a glimmer of optimism and a note of caution to an economic region. The finalized PMI Services for September stood at 48.7, marking an increment from August’s Read more…
EUR/USD remained in a bearish zone and declined below 1.0530. USD/JPY is again rising and might climb toward the 150.00 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
Daily Pivots: (S1) 179.01; (P) 180.20; (R1) 181.19; More… GBP/JPY’s fall from 186.75 resumed by breaking through 180.78. Intraday bias is back on the downside for 176.29 support next. For now, risk will stay on Read more…
Daily Pivots: (S1) 155.09; (P) 156.16; (R1) 157.05; More…. EUR/JPY’s fall from 159.75 resumed by breaking through 156.57 and intraday bias is back on the downside. This decline is seen as a larger scale correction. Read more…
Daily Pivots: (S1) 0.8654; (P) 0.8672; (R1) 0.8686; More…. Range trading continues in EUR/GBP and intraday bias remains neutral. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger Read more…
Daily Pivots: (S1) 1.6483; (P) 1.6564; (R1) 1.6688; More… Intraday bias in EUR/AUD remains neutral first. On the upside, firm break of 1.6650 resistance will argue that pull back from 1.7062 has completed, after drawing Read more…
Daily Pivots: (S1) 0.9611; (P) 0.9644; (R1) 0.9672; More… Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Further rally is expected as long as 0.9617 support holds. Above 0.9691 will resume the rebound Read more…
Skyrocketing bond yields put markets in a spin Fed’s higher for longer calls grow louder US 10-year yield approaches 4.8% at 16-year high Can they reach 5.0% and how soon before something breaks? Yields heeding Read more…