The USD/JPY pair fell to 155.67 on Wednesday, recovering part of the previous session’s sharp losses. The decline was driven by renewed pressure on the US dollar, as market expectations for a deeper Federal Reserve Read more…
GBP/USD is showing bullish signs above the 1.3180 zone. EUR/GBP is gaining pace and might extend its upward move above 0.8800. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is gaining pace Read more…
Eurozone PPI edged up 0.1% mom in October but fell -0.5% yoy, coming in softer than expectations of -0.4% yoy. The monthly gain in Eurozone PPI reflected modest increases across most major categories, including intermediate Read more…
UK Services PMI was finalized at 51.3 in November down from October’s 52.3. Composite PMI eased to 51.2 from 52.2, marking a clear loss of momentum after several months of improvement. S&P Global’s Tim Moore Read more…
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Eurozone Services PMI final rose to 53.6 in November from 53.0, marking a 30-month high and reinforcing the sector’s position as the main driver of regional growth. Composite PMI also improved to 52.8 from 52.5—another Read more…
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Market Overview The crypto market soared by almost 7% over the past day, reaching a capitalisation of $3.15T and forming a higher local peak compared to Sunday. The mood on the crypto market was buoyed Read more…
Daily Pivots: (S1) 205.43; (P) 205.85; (R1) 206.36; More… GBP/JPY is extending consolidations below 207.18 and intraday bias stays neutral. Further rally is expected as long as 204.26 support holds. Above 207.18 will resume larger Read more…
Daily Pivots: (S1) 180.58; (P) 180.97; (R1) 181.59; More… EUR/JPY is still bounded in sideway consolidations below 181.98 and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained by Read more…