US ISM Manufacturing PMI was unchanged at 47.2 in September, falling short of expectations of 47.8. This marks the sixth consecutive month of contraction in the manufacturing sector, which has now shrunk in 22 of the past 23 months. Among the key components, new orders showed a modest improvement, rising from 44.6 to 46.1, while […]
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Daily Pivots: (S1) 140.18; (P) 141.16; (R1) 141.85; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress for 139.57 support. Strong support could seen from Read more…
The broad selloff in US assets resumed overnight as market confidence took another blow from escalating political pressure on Fed. Major US stock indexes ended the session deep in the red, while 10-year Treasury yields Read more…
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…