Eurozone PMI Services was finalized at 50.2 in February, up from January’s 48.7, a 7-month high. PMI Composite was finalized at 49.2, up from January’s 47.9, an 8-month high. Country-specific data revealed varying degrees of Read more…
Despite the abundance of fundamental data of the past trading week, the main currency pairs continue to trade in rather narrow flat corridors. Thus, the US dollar/yen currency pair is trading above 150.00, from time Read more…
In focus today This morning we published our Nordic Outlook with updated economic forecasts. We expect the euro area and the Nordic countries to gradually move out of their current stagnation or mild recession (in Read more…
Markets In a session deprived of data, US yields yesterday easily reversed a big part of Friday’s decline post a weaker than expected US manufacturing ISM. The move started early in US dealings. Comments from Read more…
China wants to grow 5% this year, create around 12 mio jobs in the urban area and print a 3% inflation. Targets are ambitious – especially the inflation target – given that the base effect Read more…
Lacklustre movement was seen in China & Hong Kong benchmark stock indices today after the release of China Premier Li Qiang’s economic work report during the second day of the “Two Sessions”. Premier Li Qiang Read more…
Daily Pivots: (S1) 1.6623; (P) 1.6652; (R1) 1.6708; More… EUR/AUD’s rally resumed by breaking through 1.6692 temporary top and intraday bias is back on the upside. Rise from 1.6127 should target 61.8% projection of 1.6127 Read more…
Daily Pivots: (S1) 0.8548; (P) 0.8557; (R1) 0.8564; More… Intraday bias in EUR/GBP remains neutral at this point, and outlook is unchanged. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 Read more…
Daily Pivots: (S1) 162.79; (P) 163.15; (R1) 163.77; More… Intraday bias in EUR/JPY stays neutral first. Corrective pattern from 163.70 could extend further. Break of 161.67 minor support should push the cross through channel support Read more…
Daily Pivots: (S1) 190.15; (P) 190.67; (R1) 191.56; More….. Intraday bias in GBP/JPY remains neutral at this point. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall to Read more…