Daily Pivots: (S1) 0.8567; (P) 0.8608; (R1) 0.8633; More… Intraday bias in EUR/GBP remains on the downside at this point. With 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614 broken, next target is Read more…
Daily Pivots: (S1) 0.9055; (P) 0.9102; (R1) 0.9153; More… USD/CHF’s rise from 0.8818 is in progress and intraday bias stays on the upside. Current rally is seen as correcting whole down trend from 1.0146. Further Read more…
Daily Pivots: (S1) 1.3545; (P) 1.3599; (R1) 1.3629; More…. USD/CAD is staying in range below 1.3653 and intraday bias remains neutral. Price actions from 1.3976 are seen as a triangle consolidation pattern. Above 1.3666 will Read more…
China Caixin PMI Manufacturing rose from 49.5 to 50.9 in May, signaling the first improvement in the health of the sector since February. Caixin noted stronger increase in output as firms saw fresh upturn in Read more…
Japan PMI Manufacturing was finalized at 50.6 in May, up from April’s 49.5. That’s the first expansionary reading since October 2022, signalling a modest overall improvement in operating conditions. Also, business optimism reached highest level Read more…
BoE policymaker, Catherine Mann, has highlighted the unique and mounting inflation problem that Britain is facing in comparison to the United States and the Eurozone. Mann pointed to both large-scale price increases and the rising Read more…
The Euro came under renewed pressure and fell to new nine-week low on Wednesday, bringing larger bears back to play after brief consolidation above 1.07 support. Fresh weakness so far shapes Wednesday’s action in large Read more…