Silver has rebounded from 63.27 as the macro pressures behind its selloff simply stopped worsening, not reversed — leaving the 62.54–62.92 support cluster as the line that decides whether this is the start of the Read more…
Eurozone producer prices accelerated sharply in July, with PPI swinging from -0.3% to +1.6% m/m, above 1.2% consensus. Annual producer inflation also rose from 4.6% to 5.8% y/y. Energy accounted for most of monthly jump, Read more…
UK services activity strengthened in August, with PMI Services rising from 52.1 to 52.5, highest since April and extending recovery from Q2 soft patch. New business increased for second straight month as firms reported improving Read more…
Intraday bias in EUR/USD is turned neutral first with current recovery. On the downside, below 1.1565 will extend the fall from 1.1710 to 55 D EMA (now at 1.1549). Sustained break there will argue that Read more…
USD/JPY’s strong break of 157.99 support indicates rebound from 155.22 has completed as a three wave corrective move to 160.38. Intraday bias is back on the downside for 155.22 low, and then 154.76/155.01 key support Read more…
Intraday bias in GBP/USD remains mildly on the downside at this point. Sustained break of 55 D EMA (now at 1.3472) will indicate that whole rebound from 1.3139 has completed. Deeper fall should be seen Read more…
Rumours of changes to the GPIF’s portfolio structure, currency interventions and monetary tightening by the BoJ are bolstering the yen. Falling Treasury yields and a weakening dollar are lending a helping hand to the ‘bears’ Read more…
Intraday bias in USD/CHF is turned neutral first with current retreat. Above 0.8156 will bring retest of 0.8205 high first. Firm break there will extend larger rally from 0.7603. Next target is 100% projection of Read more…
Eurozone private-sector growth held firm in August, with PMI Composite unchanged at 52.0, matching July’s eight-month high and remaining close to long-run average of 52.3. New orders increased at same solid pace as July, jointly Read more…
Six months ago, an opposition lawmaker in Taipei asked a blunt question about Taiwan Semiconductor Manufacturing Company’s (TSM) expanding US footprint. If the company keeps building in Arizona, he wanted to know, what happens to Read more…