US PPI for final demand fell -0.3% mom in May, below expectation of -0.1% mom rise. PPI goods fell -1.6% mom while PPI services rose 0.2% mom. PPI less foods, energy, and trade services was flat mom. For the 12 months ended in May, PPI slowed from 3.1% yoy to 2.8% yoy, below expectation of […]
The post US PPI at -0.3% mom, 2.8% yoy in May appeared first on Action Forex.
Daily Pivots: (S1) 1.4325; (P) 1.4367; (R1) 1.4392; More… Intraday bias in USD/CAD stays neutral as range trading continues. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D Read more…
Daily Pivots: (S1) 0.6171; (P) 0.6189; (R1) 0.6213; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6130. Further decline is expected as long as 0.6310 resistance holds. Break of 0.6130 will resume Read more…
Daily Pivots: (S1) 1.0261; (P) 1.0286; (R1) 1.0333; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.0176. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0435 Read more…