Stock futures lower on tech slump, jobs data in focus; Apple slides on rare earnings miss, iPhone sales decline; Amazon slumps after weak holiday quarter, muted outlook; Google tumbles as ad sales slide, earnings miss Read more…
Eurozone PPI rose 1.1% mom, 24.6% yoy in December. For the month, industrial producer prices increased by 2.5% in the energy sector, by 0.5% for non-durable consumer goods, by 0.4% for durable consumer goods and Read more…
UK PMI Services was finalized at 48.7 in January, down from December’s 49.9, fastest contraction since January 2021. PMI Composite was finalized at 48.5, down from prior month’s 49.0, in contraction for the sixth straight Read more…
ECB Governing Council member Gediminas Šimkus said, “I see positive trends for inflation”. Headline inflation might have peaked but core hasn’t. He added that March’s rate hike might not be the last. For May, it Read more…
It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of Read more…
The Euro started a downside correction from the 1.1035 zone against the US Dollar. The EUR/USD pair traded below the 1.1000 level to move into a short-term bearish zone. The pair even traded below the Read more…
Eurozone PMI Services was finalized at 50.8 in January, up from December’s 49.8, hitting a 6-month high. PMI Composite was finalized at 50.3, up from prior month’s 49.3, a 7-month high. Looking at some member Read more…
Cable is back in an uptrend after a capitulation back in September 2022. Notice that price is looking impulsive on a daily chart up to 1.23-1.24 resistance where bulls will try to form a breakout, Read more…
GBPJPY has been losing ground since early November when it posted a fresh seven-year high of 172.10. In the short-term, the pair’s downtrend accelerated after the BoE delivered an anticipated 50 basis points hike, albeit with Read more…
Daily Pivots: (S1) 156.46; (P) 158.04; (R1) 158.90; More… Outlook in GBP/JPY remains unchanged and intraday bias stays neutral. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…