US ISM Manufacturing PMI dropped from 48.5 to 46.8 in July, falling below the expected 48.8. This marks the fourth consecutive month of contraction for the manufacturing sector, with the decline accelerating. New orders fell Read more…
At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates Read more…
Markets After the Fed’s most clear pivot towards imminent rate cuts yesterday, the Bank of England thought it could do even better. It cut the policy rate by 25 bps to 5% in a 5-4 Read more…
Market picture Cryptocurrencies continued to sag, failing to support gains in the stock market, returning the crypto market cap to $2.30trn levels seen a week ago. The market formed another lower local peak, a sequence Read more…
PayPal (PYPL) says 2024 is a year of change and believes they are on the right track. The fintech giant said in January that it plans to launch innovation for merchants and consumers, including a Read more…
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… Intraday bias in USD/JPY remains on the downside for the moment. Strong support could be seen from 148.66 fibonacci level to bring consolidations. On the upside, Read more…
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at Read more…
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s fall from 1.0947 resumed by breaking through 1.0797 temporary low and intraday bias is back on the downside. Current development suggest that rebound from 1.0601 Read more…
Going out of business and being liquidated doesn’t mean what it once did. It seems that if a brand has any sort of name recognition that somebody will buy the brand and bring it back Read more…
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2782) Read more…