UK PMI Services was finalized at 53.4 in May, down from April’s 58.9. That’s the weakest level since February 2021. PMI Composite was finalized at 53.1, down from April’s 58.2. S&P Global added that business Read more…
Eurozone Sentix Investor Confidence rose from -22.6 to -15.8 in June, above expectation of -20.0. Current Situation Index rose from -10.5 to -7.3. Expectations Index rose from -34.0 to -24.0. Sentix said, “the real economy Read more…
We expect the Board will decide on another 50 basis point increase in July. By front loading the moves it can firmly establish its inflation fighting commitment. The cash rate is then likely to move Read more…
Bitcoin rose 4.9% on Monday, ending at around $31.5K. However, on Tuesday morning, the first cryptocurrency collapsed 7% to $29.5K, the second such bear attack in the past seven days. Both were of similar magnitude, Read more…
EURJPY has the potential to repeat last week’s exciting bull run, executing another acceleration to a new 7½-year high of 142.00 early on Tuesday. Having already charted eight consecutive green days and three months of gains, some Read more…
GBPUSD is currently positioned within the 20- and 40-day simple moving averages (SMAs), which are pointing upwards. The current bias appears negative, as the MACD is holding below the zero level, while the RSI is sloping down in the Read more…
EUR/USD The currency pair continues to move within the relatively narrow range of 1.0640 – 1.0740. During yesterday’s trading session, the bulls were limited to the upper limit of the mentioned range, after which they Read more…
Daily Pivots: (S1) 163.61; (P) 164.54; (R1) 166.17; More… GBP/JPY’s rally is in progress today and intraday bias stays on the upside for 168.40 high. Firm break there will resume larger up trend. On the Read more…
Daily Pivots: (S1) 140.22; (P) 140.67; (R1) 141.50; More…. EUR/JPY’s rally continues today and intraday bias stays on the upside for 61.8% projection of 124.37 to 139.99 from 132.63 at 142.28. Firm break there will Read more…
Daily Pivots: (S1) 0.8512; (P) 0.8550; (R1) 0.8575; More… Outlook in EUR/GBP is unchanged and intraday bias stays neutral first. With 0.8365 support intact, further rise is in favor. On the upside, break of 0.8617 Read more…