Daily Pivots: (S1) 0.6347; (P) 0.6366; (R1) 0.6380; More… AUD/USD is staying in consolidation above 0.6336 and intraday bias remains neutral. More consolidations would be seen and another recovery cannot be ruled out. But outlook Read more…
Daily Pivots: (S1) 1.4210; (P) 1.4228; (R1) 1.4252; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rally is part of the larger up trend and should target 1.4391 projection level Read more…
The forex market began the week on a subdued note, with mild risk-off sentiment setting the tone. China’s latest economic data painted a bleak picture, with retail sales significantly underperforming expectations and fixed asset investment Read more…
Markets German and EMU yields on Friday initially only showed minor gains, but finally extended the rebound that gradually developed earlier last week. US yields added 5.4 bps (2-y) to 6.9 bps (10-y). There were Read more…
Japan’s private sector activity showed a modest improvement in December, driven by a stronger services sector, while manufacturing continued to contract. PMI Manufacturing index declined from 49.5 to 49.0, marking the fourth consecutive month of Read more…
Australia’s November PMI data pointing to a broad-based slowdown. The Manufacturing index fell from 49.4 to 48.2. Services PMI edged down from 50.5 to 50.3. Meanwhile, Composite PMI dropped from 50.2 to 49.9, slipping into Read more…
New Zealand’s BusinessNZ Performance of Services Index rose significantly from 46.2 to 49.5 in November, signaling a move closer to stabilization. However, the index remains under the no-change threshold of 50.0 and well below its Read more…
GBP/USD started a fresh decline below the 1.2720 zone. USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started another Read more…
China’s latest efforts to convince investors that it will boost its economy with great stimulus measures had the same reaction than the previous ones: disappointment. On Friday, the Chinese authorities repeated that they will boost Read more…
In focus today Today all eyes are on the euro area December flash PMIs as the very large decline in November caused significant market moves. There was nothing positive in the November report where the Read more…