Market sentiment continues to be supported by hopes of inflation cooling further, even if macro data came out somewhat on the strong side this week. Euro area and UK PMIs edged cautiously higher, albeit from Read more…
Markets After the Thanksgiving Holiday (some) US traders rejoined. For once, they had to catch up with the price dynamics in Europe yesterday. They found bond markets under corrective pressure. A poor EMU PMI causing Read more…
US PMI Manufacturing fell from 50.0 to 49.4 in November. PMI Services rose from 50.6 to 50.8. PMI Composite was unchanged at 50.7. Siân Jones, Principal Economist at S&P Global Market Intelligence said: “The US Read more…
Southwest Airlines operates in its own space in the airline industry. Value is part of its proposition, but it’s not a no-frills, a la carte airline like Spirit and Frontier. When you buy a Southwest Read more…
Daily Pivots: (S1) 1.0883; (P) 1.0906; (R1) 1.0929; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0964 is still in progress. Further rally is in favor as long as 1.0823 support holds. Sustained Read more…
Daily Pivots: (S1) 0.8820; (P) 0.8839; (R1) 0.8861; More…. USD/CHF is extending consolidation above 0.8815 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But near term outlook will stay bearish as long Read more…
Daily Pivots: (S1) 149.08; (P) 149.38; (R1) 149.88; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. On the downside, break of 148.57 minor support will indicate rejection by 55 4H EMA, and Read more…
Daily Pivots: (S1) 1.2494; (P) 1.2529; (R1) 1.2568; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. Current rise from 1.2036 should target 61.8% retracement of 1.3141 to 1.2036 at Read more…
Canadian Dollar is having a notable rebound in early US session, fueled by unexpectedly robust Canadian retail sales data. This data indicated a surprising resurgence in consumer spending, defying the constraints of high interest rates Read more…
Retail sales in Canada rose 0.6% mom to CAD 66.5B in September, much better than expectation of 0.0% mom. Sales were up in four of nine subsectors and were led by increases at motor vehicle Read more…