Australia’s economic indicators from October paint a worrisome picture, as PMI Manufacturing dipped to a six-month low at 48.0, down from 48.7. More significantly, PMI Services plunged to a 10-month trough, dropping from 51.8 to 47.6. PMI Composite, which combines both manufacturing and services, dropped to a concerning 21-month low of 47.3 from 51.5. Weighing […]
The post Australia’s PMI composite dives to 47.3, slowdown amid sticky inflation appeared first on Action Forex.
Daily Pivots: (S1) 210.82; (P) 212.53; (R1) 214.30; More… Intraday bias in GBP/JPY stays neutral at this point. Further decline is expected as long as 214.21 holds. Below 210.43 will target 209.58 support first. Break Read more…
Daily Pivots: (S1) 182.17; (P) 183.61; (R1) 185.16; More… Intraday bias in EUR/JPY is turned neutral first, and risk will stay on the downside as long as 185.02 resistance holds. Break of 182.01 will resume Read more…
Daily Pivots: (S1) 0.8627; (P) 0.8639; (R1) 0.8657; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further fall is expected with 0.8652 support turned resistance intact. . On the downside, decisive break Read more…