The Euro fell to new multi-week low early Tuesday, weighed by firm dollar and recent dovish comments from ECB policymakers, who see four rate cuts in 2024. Monday’s 0.4% drop and close below 1.0762 (Fibo Read more…
UK PMI Manufacturing was finalized at 50.3 in March, climbing from February’s 47.5 to mark a 20-month high. This development represents the sector’s first move above the critical 50.0 threshold since July 2022, indicating a Read more…
GBPUSD moves sharply down on the first trading day of April 2024 neutral trajectory valid above 1.2500 GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the Read more…
Eurozone PMI Manufacturing was finalized at 46.1 in March, down from February’s 46.5. Disparities across member countries continued, with Greece achieving a 25-month high at 56.9, Italy at 12-month high at 50.4, and Spain dipped Read more…
EURJPY retraces lower following a 16-year peak Tests ascending trendline drawn from July 2023 Oscillators suggest weakening momentum EURJPY had been in a steady advance since December 2023, peaking at a fresh 16-year high of 165.34 on Read more…
Daily Pivots: (S1) 189.90; (P) 190.63; (R1) 191.08; More….. Intraday bias in GBP/JPY is mildly on the downside as fall from 193.51 short term top extends. Deeper decline would be seen towards 187.94 structural support. Read more…
Daily Pivots: (S1) 162.65; (P) 163.05; (R1) 163.30; More… Intraday bias in EUR/JPY is back on the downside as fall from 165.33 short term top resumed. Further decline would be seen to 160.20 structural support Read more…
Daily Pivots: (S1) 0.8545; (P) 0.8554; (R1) 0.8569; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has Read more…
Daily Pivots: (S1) 1.6518; (P) 1.6545; (R1) 1.6580; More… Intraday bias in EUR/AUD remains neutral for the moment. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above Read more…
Markets It was all about the March US manufacturing ISM yesterday. The ISM unexpectedly returned above the boom/bust-mark (50) for the first time since September 2022! The increase from 47.8 to 50.3 (vs 48.3 expected) Read more…