UK PMI Manufacturing fell from 45.3 to 41.5 in August, a 39-month low, and missed expectation of 45.1. PMI Services fell from 51.5 to 48.7, a 7-month low, below expectation of 50.8. PMI Composite fell Read more…
Germany PMI Manufacturing ticked up from 38.8 to 39.1 in August. PMI Manufacturing Output fell from 41.0 to 39.7, a 39-month low. PMI Services tumbled sharply from 52.3 to 47.3, a 9-month low. PMI Composite Read more…
Daily Pivots: (S1) 1.3521; (P) 1.3543; (R1) 1.3573; More…. Intraday bias in USD/CAD stays neutral as consolidation from 1.3574 is extending. Downside of retreat should be contained by 0.3371 to bring another rally. Break of Read more…
The market mood turned sour again, and the S&P500 fell after a short relief. S&P’s bank rating downgrades – which came a few days after Moody’s downgraded some US small and mid-sized banks and Fitch Read more…
In August, Japan’s Service PMI climbed from 53.8 to 54.3, while the Manufacturing PMI saw a slight increase from 49.6 to 49.7, just above anticipated figures. Composite PMI also edged up from 52.2 to 52.6. Read more…
New Zealand’s retail sales volume for Q2 plummeted by -1.0% qoq, settling at NZD 25B. This decline starkly contrasts with market forecasts which had anticipated a milder contraction of just -0.2% qoq. A broad-based slump Read more…
Silver prices are trading above a long-term uptrend line taken from the lows of September, but below a downtrend line drawn from the peaks in May. The combination suggests silver is locked inside a symmetrical Read more…
Silver prices are trading above a long-term uptrend line taken from the lows of September, but below a downtrend line drawn from the peaks in May. The combination suggests silver is locked inside a symmetrical Read more…