UK PMI Services was finalized at 51.5 in July, down from June’s 53.7. PMI Composite was finalized at 50.8, down from June’s 52.8, sparking concerns over the possibility of an economic stagnation in the coming Read more…
Swiss CPI fell -0.1% mom in July, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) was down -0.2% mom. Domestic products prices rose 0.2% mom while imported product prices dropped -1.2% Read more…
Swiss CPI fell -0.1% mom in July, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) was down -0.2% mom. Domestic products prices rose 0.2% mom while imported product prices dropped -1.2% Read more…
Daily Pivots: (S1) 1.0897; (P) 1.0959; (R1) 1.0999; More… EUR/USD’s decline from 1.1274 resumed by breaking through 1.0942 and intraday bias is back on the downside. Deeper fall would be seen to 1.0832 support. Sustained Read more…
Key Highlights NZD/USD is gaining bearish momentum below the 0.6120 support. A major bearish trend line is forming with resistance near 0.6140 on the 4-hour chart. EUR/USD is moving lower below the 1.0920 support level. Read more…
China’s Caixin PMI Services increased slightly from 53.9 to 54.1 in July, surpassing the anticipated figure of 52.5. However, this reading fell short of the 55.5 average seen over the previous six months. Concurrently, PMI Read more…
Dow Jones index reversed from major resistance level 35550.00 Likely to fall to support at 34675.00 Dow Jones index recently reversed down strongly from the major resistance level 35550.00, which reversed the price multiple times Read more…
We continue to see the RBNZ raising the cash rate to 5.75%, but in November instead of August. Evidence has accumulated suggesting persistent inflation pressures as feared. The economy is slowing from a very overheated Read more…