Germany PMI Manufacturing rose from 43.3 to 45.4 in January, an 11-month high. PMI Services fell from 49.3 to 47.6, a 5-month low. PMI Composite fell from 47.4 to 47.1, a 3-month low. Cyrus de Read more…
France PMI Manufacturing rose from 42.1 to 43.2 in January. PMI Services fell from 45.7 to 45.0. PMI Composite fell from 44.8 to 44.2. Norman Liebke, Economist at Hamburg Commercial Bank, said the PMIs show Read more…
NZUSD hovers above a key support area Aggressive downward move from late December 2023 peak Momentum indicators are mostly mixed at this juncture NZDUSD is in the green today, but it continues to range trade. Read more…
EUR/USD started another decline from the 1.0915 resistance. USD/JPY surged and broke the 148.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today · The Euro started a fresh decline below the 1.0880 support Read more…
Markets Core bonds drifted south yesterday in the run-up to this week’s big events, starting with January PMI surveys today. Daily changes on the US yield curve ranged between -2.1 bps (2-yr) and 4.3 bps Read more…
Daily Pivots: (S1) 187.42; (P) 188.17; (R1) 188.99; More… Intraday bias in GBP/JPY stays neutral as consolidation continues. Further rally is expected as long as 186.14 resistance turned support holds. On the upside, break of Read more…
Daily Pivots: (S1) 160.41; (P) 161.06; (R1) 161.70; More… EUR/JPY’s consolidation from 161.84 is still in progress and intraday bias remains neutral. Further rally is expected as long as 158.55 resistance turned support holds. On Read more…
Daily Pivots: (S1) 0.8545; (P) 0.8557; (R1) 0.8566; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be Read more…
Daily Pivots: (S1) 1.6455; (P) 1.6514; (R1) 1.6555; More… EUR/AUD’s consolidation from 1.6671 is in progress and intraday bias stays neutral. Rise from 1.6127 is expected to continue as long as 1.6398 support holds. Corrective Read more…
Daily Pivots: (S1) 0.9434; (P) 0.9449; (R1) 0.9460; More… EUR/CHF’s consolidation from 0.9471 is in progress and intraday bias stays neutral for the moment. Further rally is expected as long as 0.9404 minor support holds. Read more…