UK manufacturing activity remained in contraction in May, with PMI finalized at 46.4, up modestly from April’s 45.4. The data indicate that the sector continues to face “major challenges,” according to S&P Global’s Rob Dobson, Read more…
Economic data is slow, and getting to the truth of the problem can take time. This week will offer some clearer pictures of how the economy is coping (or not) with rising tariffs and related Read more…
Eurozone PMI manufacturing was finalized at 49.4 in May, up from April’s 49.0 and marking the highest level in 33 months. Production increased across all four major economies: Germany, France, Italy, and Spain, supporting economist Read more…
Switzerland’s GDP expanded by 0.5% qoq in Q1, beating market expectations of 0.4% qoq. When adjusted for the impact of major sporting events, GDP growth came in even stronger at 0.8% qoq. The State Secretariat Read more…
Gold started a fresh increase above the $3,300 resistance level. WTI Crude Oil is gaining bullish momentum and might even test $62.75. Important Takeaways for Gold and WTI Crude Oil Price Analysis Today Gold price Read more…
Markets ‘Trade noise’ is moving again to the fore, further complicating any eco-driven market reaction function. Soft US data (US Q1 GDP was upwardly revised to -0.2% Q/Qa, but with a setback in private consumption Read more…
Daily Pivots: (S1) 193.24; (P) 193.95; (R1) 194.51; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Further rise is in favor as long as 191.86 support holds. Firm Read more…
Daily Pivots: (S1) 162.83; (P) 163.45; (R1) 164.09; More… Intraday bias in EUR/JPY stays neutral. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from Read more…
Daily Pivots: (S1) 0.8412; (P) 0.8425; (R1) 0.8446; More… Intraday bias in EUR/GBP stays mildly on the upside at this point. Rebound from 0.8354 short term bottom should continue to 0.8458 resistance, and then 38.2% Read more…
Daily Pivots: (S1) 1.7603; (P) 1.7651; (R1) 1.7690; More… Intraday bias in EUR/AUD remains mildly on the upside at this point. Firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the Read more…