UK PMI Manufacturing was finalized at 47.5 in February, up from January’s 47.0. This marks the highest reading since April 2023, yet the sector has been contracting for 19 consecutive months. Rob Dobson, Director at Read more…
Eurozone PMI Manufacturing was finalized at 46.5 in February, down slightly from January’s 46.6. Greece, Ireland, and Spain notably marked significant highs in their manufacturing PMI, with Greece reaching a 24-month high at 55.7, Ireland Read more…
GBPJPY breaks below key support area after new high Technical signs weaken, but 20-day EMA comes to the rescue again GBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the third consecutive day Read more…
Japanese yen falls below 150 BoJ’s Tanaka urges changes to monetary policy US PCE price index falls to 2.4% BoJ’s Tanaka hints at tighter monetary policy After close to two weeks of little movement, the Read more…
AUDUSD was recovering from its lowest level since November But is on the retreat again as 200-day SMA repels advance Momentum indicators are tilted to the downside AUDUSD had been in a steady decline after peaking at Read more…
GBP/USD is attempting a recovery wave from 1.2600. USD/CAD is rising and might aim for a move above the 1.3580 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…
The short-term Elliott Wave View in the Nasdaq (NQ) suggests that rally from 1.5.2024 low is in progress as a nesting 5 waves impulse. Up from 1.5.2024 low, wave ((i)) ended at 18121.5 and pullback Read more…
Markets Several Fed central bankers saw confirmation in yesterday’s PCE deflators (headline 0.3% m/m, 2.4% y/y – core 0.4%, 2.8%) that rate cuts would be appropriate later this year. But a bumpy return towards the Read more…
Thank God! Yesterday’s inflation report from the US wasn’t worse than expected. The core PCE index showed that, yes, the monthly inflation rose at the highest pace in a year, but that the yearly figure Read more…
In focus today In the euro area we will get the HICP print for February. With the regional data we got yesterday (see more below) we will probably see HICP come in at 2.5% y/y Read more…