UK PMI Services was finalized at 50.8 in January, slipping from December’s 51.1, marking its joint-lowest level in 15 months. PMI Composite edged up slightly to 50.6, indicating that overall economic activity remains stagnant, with Read more…
Eurozone Composite PMI was finalized at 50.2 in January, up from 49.6 in December, marking the first month of economic expansion since August. However, PMI Services Index was finalized at 51.3, down from prior month’s1.6, Read more…
EUR/USD started a fresh increase above the 1.0310 resistance. USD/CHF declined and now struggling below the 0.9120 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro started a decent recovery wave from the Read more…
This morning, New Zealand’s labour market data was released, showing unfavourable results. The unemployment rate rose to 5.1% in Q4, the highest since Q3 2020, signalling economic slowdown and reinforcing expectations of a rate cut Read more…
Markets he tariff story was a blitzkrieg at the start of this week, but it’s back to the trenches now as Mexico and Canada are given a month to come up with border control measures Read more…
The Chinese markets opened for the first time after a long Lunar New Year holiday, and they opened down on a set of weaker-than-expected PMI figures, on the news of 10% tariff on its exports Read more…
In focus today Today, we receive US private sector employment data from ADP, which will provide markets with the first sense of what to expect from Friday’s nonfarm payrolls. ISM Services data is also due Read more…
Daily Pivots: (S1) 191.89; (P) 192.53; (R1) 193.28; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, firm break of 189.31 will suggest that corrective pattern from 180.00 has completed. But Read more…
Daily Pivots: (S1) 159.36; (P) 160.04; (R1) 160.88; More… Intraday bias in EUR/JPY stays neutral at this point. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 Read more…
Daily Pivots: (S1) 0.8298; (P) 0.8315; (R1) 0.8331; More… Further decline is expected in EUR/GBP with 0.8353 minor resistance intact. Corrective rebound from 0.8221 should have completed already. Fall from 0.8472 would target a retest Read more…