Japan’s PMI Services was finalized at 51.6 in October, down from previous month’s 53.8. PMI Composite figure similarly declined to 50.5 from September’s 52.1. Andrew Harker of S&P Global Market Intelligence highlighted the subdued performance: “While the PMI data continue to make positive reading for the Japanese service sector, the recent trends suggest that growth […]
The post Japan’s PMI services finalized at 51.6, growth is on the wane appeared first on Action Forex.
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…
Daily Pivots: (S1) 193.79; (P) 195.10; (R1) 195.96; More… GBP/JPY retreated after failing to sustain above 195.95 resistance and intraday bias is turned neutral first. Another rally is in favor as long as 190.22 support Read more…