Eurozone private-sector growth strengthened slightly in August, with PMI Composite Output edging from 52.0 to 52.1, its highest in nine months. PMI Manufacturing rose more clearly from 51.9 to 52.8, while PMI Manufacturing Output increased from 52.9 to 53.4, marking its strongest expansion in four-and-a-half years. PMI Services Business Activity was unchanged at 51.7, keeping […]
The post Eurozone PMI Composite Hits Nine-Month High, Reinforces ECB Hawkish Bias appeared first on ActionForex.
USD/CHF’s fall from 0.8205 short term top is in progress and intraday bias stays on the downside for rising channel support (now at 0.7921). Sustained break there will solidify the case that rebound from 0.7603 Read more…
AUD/USD’s rally from 0.6864 resumed after brief consolidations. Intraday bias is back on the upside for 161.8% projection of 0.6864 to 0.7026 from 0.6921 at 0.7183. Firm break there will bring retest of 0.7277 high. Read more…
Intraday bias in USD/CAD remains on the downside at this point. With break of 61.8% retracement of 1.3480 to 1.4247 at 1.3773, fall from 1.4247 should target a retest on 1.3480 low. On the upside, Read more…