Eurozone’s manufacturing sector remains entrenched in contraction, with PMI Manufacturing index finalized at 45.8 in August, unchanged from July’s reading. This marks the third consecutive month of significant decline, indicating that the sector is still Read more…
Cable is coming lower, but the overlapping price action suggests that this is likely a corrective movement within the broader uptrend. However, there could be some further downside as the seven-swing drop is not fully Read more…
EURUSD recoups some losses Finds support near 20-day SMA Stochastics and RSI point north EURUSD is recovering somewhat after three consecutive red days from its 13-month high of 1.1200. The price is flirting with the Read more…
Markets European inflation figures and US PCE, spending & income data basically played second fiddle on Friday, triggering barely more than some intraday volatility in yields. Technical elements were at least as much of a Read more…
August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Personal spending rose more Read more…
In focus today Today will be quiet on the macro front, with US markets closed for Labor Day. In Sweden, PMIs are due 8.30 CET. Like trends observed in many other countries, the manufacturing sector Read more…
Daily Pivots: (S1) 190.85; (P) 191.45; (R1) 192.40; More… Breach of 191.99 resistance suggests that GBP/JPY’s rebound from 180.00 is resuming. Intraday bias is mildly on the upside for 61.8% retracement of 208.09 to 180.00 Read more…
Daily Pivots: (S1) 160.60; (P) 161.11; (R1) 162.01; More…. Intraday bias in EUR/JPY remains neutral as range trading continues below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 Read more…
Daily Pivots: (S1) 0.8401; (P) 0.8415; (R1) 0.8429; More…. Intraday bias in EUR/GBP remains neutral for consolidations above 0.8399 temporary low. Stronger recovery might be seen but further decline is expected as long as 0.8466 Read more…
Daily Pivots: (S1) 1.6278; (P) 1.6320; (R1) 1.6372; More… Intraday bias in EUR/AUD remains neutral for consolidations above 1.6256 temporary low. But further decline would remain in favor as long as 1.6580 resistance holds. Below Read more…