Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. Immediate focus in now on 1.0760 resistance as EUR/USD extends the rebound from 1.0665. Decisive break there will argue that pull back from 1.0915 has completed. Read more…
Euro is staging a solid rebound today, with investors feeling somewhat reassured by the preliminary results of French parliamentary elections. While the far-right National Rally made significant gains with approximately 34% of votes in the Read more…
China’s Caixin PMI Manufacturing index edged up from 51.7 to 51.8 in June, surpassing expectations of 51.2 and marking its highest level since May 2021. This rise keeps the index in expansionary territory for the Read more…
Japan’s PMI Manufacturing index for June was finalized at 50.0, slightly down from May’s 50.4, indicating a stagnation in the sector. S&P Global highlighted a marginal increase in manufacturing production, but new orders continued to Read more…
BoJ’s closely watched Tankan survey revealed that while manufacturing sector showed continued improvement, sentiment among non-manufacturers appeared to have peaked, which may complicate BoJ’s considerations for another rate hike later this month. The Tankan survey Read more…
Key Highlights EUR/USD started a recovery wave above the 1.0710 resistance. It cleared a major bearish trend line with resistance at 1.0725 on the 4-hour chart. GBP/USD is facing resistance near the 1.2680 zone. The Read more…
So, you are scouring websites and newspapers, trying to find that perfect house or condo. But you’re worried about one thing. Where will mortgage rates be when the sale closes? The short answer: Ask the Federal Read more…
