New Zealand’s BusinessNZ Performance of Services Index dropped significantly from 46.6 to 43.0 in May, marking the lowest level of activity for a non-COVID lockdown month since the survey’s inception in 2007. BusinessNZ Chief Executive Kirk Hope described the May result as “as bad as it can get” for the sector, with contraction levels surpassing […]
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Daily Pivots: (S1) 1.3467; (P) 1.3504; (R1) 1.3526; More… USD/CAD’s recovery lost momentum after breaching 55 4H EMA (now at 1.3514). But intraday bias stays neutral first, as more consolidations could be seen above 1.3418. Read more…
Global markets are showing mixed performance as sentiment diverges across regions. In the US, stocks closed lower with traders displaying increased caution. ISM manufacturing report indicated continuation of the prolonged recession in the sector, though Read more…
Key Highlights AUD/USD faced resistance near 0.6940 and started a downside correction. A key bullish trend line is forming with support at 0.6880 on the 4-hour chart. Gold could rise again and trade toward the Read more…