UK PMI Manufacturing was finalized at 51.7 in February, easing marginally from January’s 17-month high of 51.8 but remaining firmly in expansion territory. The data suggest that the sector has made an “encouraging start” to Read more…
EUR/USD rose to 1.1790 on Monday. The US dollar attempted to strengthen, but part of its rally was subsequently pared back. Demand for safe-haven assets intensified over the weekend amid an escalation of the conflict Read more…
The reason is clear: confirmed US and Israeli strikes on targets in Iran, including reports of the death of Supreme Leader Ali Khamenei, have triggered renewed demand for safe-haven assets, pushing gold prices higher. As Read more…
Eurozone PMI Manufacturing was finalized at 50.8 in February, rising from January’s 49.5 and marking a 44-month high. The move above also the 50 threshold signals a return to expansion for the bloc’s factory sector. Read more…
Gold extends its four day rally into record territory. Price spikes as escalating geopolitical tensions fuel flight to safety. Momentum indicators reinforce the bullish bias amidst the angst. Gold opened with a bullish gap on Read more…
GBP/USD failed to climb above 1.3575 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8800. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is Read more…
Daily Pivots: (S1) 1.1796; (P) 1.1812; (R1) 1.1834; More…. EUR/USD’s fall from 1.2081 resumed by breaking through 1.1740 temporary low. Intraday bias is back on the downside for 1.1576 structural support. Firm break there should Read more…
Daily Pivots: (S1) 155.66; (P) 155.95; (R1) 156.36; More… USD/JPY’s rally from 152.25 resumed by braking through 156.81 temporary top. Intraday bias is back on the upside for 157.65 resistance first. Firm break there will Read more…
Daily Pivots: (S1) 1.3449; (P) 1.3478; (R1) 1.3517; More… GBP/USD’s decline from 1.3867 resumed by breaking through 1.3432 today, and intraday bias is back on the downside. Firm break of 1.3342 support should confirm that Read more…
Daily Pivots: (S1) 0.7659; (P) 0.7705; (R1) 0.7737; More…. USD/CHF recovered today but stays in established range. Intraday bias remains neutral for the moment. In case of another rise, upside should be limited by 55 Read more…