The UK economy showed marginal improvement in June, with PMI Composite inching from 50.3 up to 50.7, suggesting the economy is narrowly expanding. PMI Services rose from 50.9 to 51.3, while Manufacturing remained below the Read more…
On Monday, gold traded at $3,360 per troy ounce as markets nervously monitor developments in the Middle East. Washington’s involvement in the conflict has heightened fears of potential retaliation from Tehran. Particularly concerning is the Read more…
Eurozone flash PMIs offered little cause for celebration in June, as the economy continued to tread water. PMI Composite held steady at 50.2. PMI Manufacturing was unchanged in contraction at 49.4. Services ticked back from Read more…
GBP/USD started a fresh decline below the 1.3620 zone. USD/CAD is rising and might aim for more gains above the 1.3765 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started another Read more…
As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high. Only three days ago, we drew attention to Read more…
The Israeli attack on Iran on 13 June, followed by retaliatory strikes and belligerent rhetoric from officials, has acted as a bearish driver for the cryptocurrency market. US bomber strikes on Iran over the weekend Read more…
Daily Pivots: (S1) 195.72; (P) 196.21; (R1) 196.96; More… GBP/JPY’s rise from 184.35 resumed by breaking through 196.83 today and intraday bias is back on the upside for 199.79 resistance. Break there will target 100% Read more…
Daily Pivots: (S1) 167.48; (P) 167.94; (R1) 168.80; More… EUR/JPY’s rally accelerates further today and intraday bias stays on the upside. Next target is 100% projection of 154.77 to 165.19 from 161.06 at 170.45. On Read more…
Daily Pivots: (S1) 0.8538; (P) 0.8553; (R1) 0.8581; More… Intraday bias in EUR/GBP remains on the upside as rise from 0.8354 is in progress for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break Read more…
Daily Pivots: (S1) 1.7769; (P) 1.7825; (R1) 1.7921; More… EUR/AUD’s rise from 1.7245 resumed by breaking through 1.7880 and intraday bias is back on the upside. Next target is 61.8% retracement of 1.8554 to 1.7245 Read more…