Eurozone, German Service PMI ease in December Euro snaps four-day rally The euro has snapped a four-day winning streak on Friday. In the European session, EUR/USD is trading at 1.0949, down 0.38%. The euro has Read more…
ECB Governing Council member Francois Villeroy de Galhau, in an Ecorama radio interview, stated, “Barring shocks or surprises, rate hikes are over. However, he emphasized that “doesn’t mean a quick rate cut.” He further clarified, Read more…
USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month Read more…
China industrial production and retail sales accelerate Australian dollar extends gains The Australian dollar has extended its gains on Friday. In the European session, AUD/USD is trading at 0.6713, up 0.23%. It has been an Read more…
UK PMI Manufacturing fell from 47.2 to 46.4, below the expected 47.5. Conversely, PMI Services rose from 50.9 to 52.7, exceeding expectations of 51.0 and reaching a six-month high. This surge in services also lifted Read more…
Daily Pivots: (S1) 179.23; (P) 180.22; (R1) 182.10; More… GBP/JPY recovered after dipping to 178.32 and intraday bias is turned neutral first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 Read more…
Daily Pivots: (S1) 154.53; (P) 155.29; (R1) 156.72; More.. EUR/JPY recovered ahead of 153.15 support and intraday bias is turned neutral. Near term outlook stay bearish as long as 157.67 resistance intact. On the downside Read more…
Eurozone PMI Manufacturing remained unchanged at 44.2 in December, falling short of anticipated 44.5. PMI Services index also declined from 48.7 to 48.1, below expected 49.0. Consequently, PMI Composite index decreased from 47.6 to 47.0. Read more…
Daily Pivots: (S1) 0.8587; (P) 0.8611; (R1) 0.8634; More…. While EUR/GBP’s recovery from 0.8548 extended, it’s capped below 0.8648 support turned resistance. Intraday bias stays neutral and outlook further decline is expected. On the downside, Read more…
Daily Pivots: (S1) 1.6272; (P) 1.6346; (R1) 1.6485; More.. Intraday bias in EUR/AUD is turned neutral with current recovery. But outlook remains bearish with 1.6478 resistance intact. Break of 1.6206 will resume larger decline from Read more…