The latest PMI data from the UK indicates a deceleration in the service sector for May, with the Services PMI dropping to 52.9 from April’s 55.0, marking the slowest growth rate since November. The Composite PMI, which aggregates both services and manufacturing, also experienced a downturn, finishing at 53.0 compared to 54.1 the previous month. […]
The post UK PMI services finalized at 52.9, expansion slows, price pressures ease appeared first on Action Forex.
Daily Pivots: (S1) 191.68; (P) 193.05; (R1) 195.69; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 189.54 will bring deeper fall to 183.70 support. On the upside, above 195.95 Read more…
Daily Pivots: (S1) 159.70; (P) 160.79; (R1) 162.88; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk is mildly on the downside as long as 163.47 resistance intact. Below 158.09 will bring deeper Read more…
Daily Pivots: (S1) 0.8319; (P) 0.8329; (R1) 0.8335; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the upside, firm break of 0.8370 resistance will indicate short term bottoming at 0.8309. Intraday Read more…