Australia’s flash PMI data for April showed continued, albeit slower, expansion in the private sector, with Manufacturing PMI slipping from 52.1 to 51.7 and Services PMI easing from 51.6 to 51.4. The Composite PMI also declined slightly from 51.6 to 51.4. Despite the modest pullback, S&P Global’s Jingyi Pan noted that domestic demand remained a […]
The post Australia’s PMI composite dips to 51.4, cost pressures emerge appeared first on Action Forex.
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The UK private sector contracted sharply in April, with the flash PMI Composite falling from 51.5 to 48.2, the lowest reading in 29 months. PMI Manufacturing dropped from 45.3 to 44.0, a 20-month low. PMI Read more…
Gold pulls back after sharp rally to all-time high. Bearish candlestick pattern emerges; overbought signals confirmed. Sellers eye a close below 3,290 to target lower levels. Gold opened Wednesday’s session with a downside gap, extending Read more…