It was certainly a day to remember for the Japanese yen on Thursday. USD/JPY traded in a stunning 550-point range, as the yen fell sharply before reversing directions and closing the day up over 1 Read more…
UK PMI manufacturing improved from 47.3 to 48.5 in September. But PMI services dropped from 50.9 to 49.2, a 20-month low. PMI Composite dropped from 49.6 to 48.4, a 20-month low. Chris Williamson, Chief Business Read more…
Snoop Dogg performs at the Super Bowl halftime show in 2022. | Photo by Michael Owens/Getty Images Apple Music will sponsor next February’s Super Bowl halftime show, replacing long-time sponsor Pepsi. In a press release, Read more…
Eurozone PMI manufacturing dropped from 49.6 to 48.5 in September, a 27-month low. PMI services dropped form 49.8 to 48.9, a 19-month low. PMI composite dropped from 48.9 to 48.2, a 20-month low. Chris Williamson, Read more…
Germany PMI Manufacturing dropped from 48.3 to 49.1 in September, a 27-month low. PMI Services dropped from 47.7 to 45.4, a 28-month low. PMI Composite dropped from 46.9 to 45.9, a 28-month low. Phil Smith, Read more…
France PMI Manufacturing dropped from 50.6 to 47.8 in August, a 28-month low. PMI Services improved from 51.2 to 53.0. Overall, PMI Composite rose from 50.4 to 51.2. Joe Hayes, Senior Economist at S&P Global Read more…
USDCAD skyrocketed to a higher high on yesterday’s session at 1.3543, which is a new 26-month peak. The pair looks to be creating a floor above the 1.3400 barrier while the RSI and the MACD Read more…
USDCHF experienced its most volatile daily session since June 2021 on Thursday, fluctuating vigorously between a low of 0.9619 and a high of 0.9849. The pair managed to distance significantly above its exponential moving averages Read more…
The Euro returns to red on Friday and extends below 0.98 handle, to hit new 20-year low after bears paused previous day, due to Japan’s intervention in FX market to support yen that temporarily deflated Read more…
The current USDCAD timeframe shows the internal structure of a large correction pattern, which most likely takes the form of a cycle triple zigzag w-x-y-x-z. Perhaps the first four parts are fully completed, and now Read more…