UK PMI Services index was finalized at 52.1 in June, down from May’s 52.9, marking the slowest growth rate since November of last year. PMI Composite also fell to 52.3, from the previous month’s 53.0, Read more…
In June, Eurozone PMI Services index was finalized at 52.8, slightly down from May’s 53.2. PMI Composite also dropped, finalizing at 50.9 compared to the previous month’s 52.2. The countries ranked by Composite PMI Output Read more…
As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately Read more…
As shown by the daily chart of the S&P 500 (US SPX 500 mini on FXOpen): → Since the beginning of 2023, the price has been moving in an upward blue channel. To date, the Read more…
NZDUSD is in a steady decline since early June Completion of golden cross fails to trigger a recovery Oscillators are tilted to the bearish side NZDUSD had been in an aggressive uptrend following its 2024 bottom of Read more…
Cable is turning south for the last few weeks, as price stopped at the trendline connected from 2023 high so we certainly should not be surprised by current retracement. Break below the channel support also Read more…
USDJPY continues its ascending move Technical oscillators still ticking up USDJPY is creating higher highs, unlocking a fresh 38-year high of 161.92 earlier in the day. The rebound off 154.50 is still in progress, while the technical Read more…
Daily Pivots: (S1) 1.0721; (P) 1.0735; (R1) 1.0760; More…. Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 55 D EMA (now at 1.0772) will argue that pull back Read more…
Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… USD/JPY’s rally continues today despite some loss of upside momentum. Intraday bias stays on the upside at this point. Current up trend should target 61.8% projection Read more…
Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… Intraday bias in GBP/USD stays neutral for the moment as range trading continues. On the upside, firm break of 1.2705 resistance will argue that pull back Read more…