UK PMI Manufacturing rose from 45.3 to 46.7 in January, above expectation of 45.4. However, PMI Services dropped from 49.9 to 48.0, below expectation of 49.6, hitting a 24-month low. PMI Composite dropped from 49.0 Read more…
Higher interest rates and costs are the biggest threats, the economists said. While the economy certainly hasn’t broken down yet in the face of the Federal Reserve’s interest rate hikes, economists don’t have a rosy Read more…
GBPUSD could not find enough buyers to pierce through December’s high of 1.2445, finishing Monday’s session with mild losses at 1.2375. The bulls, however, may not give up the battle, as the clear positive trajectory Read more…
The GBPJPY currency pair is presumably in the final part of a major correction pattern – a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. That is, an actionary wave Ⓩ is formed. It seems to take the form of Read more…
Eurozone PMI Manufacturing rose from 47.8 to 48.8 in January, above expectation of 48.1. PMI services rose from 49.8 to 50.7, above expectation of of 49.4, and back in expansion. PMI Composite rose from 49.3 Read more…
Asian shares rose on Tuesday, following the positive cues from Wall Street overnight as growth stocks looked enticing ahead of major tech earnings. Mounting expectations over a less aggressive Federal Reserve stimulated appetite for risk, Read more…
DAX looks to PMI data DAX is rising cautiously higher, extending gains from the previous session, as investors digest the latest German consumer confidence data and look ahead to the PMI data. German consumer confidence Read more…
The Dow Jones 30 popped higher driven by hopes that US inflation has peaked. On the daily chart, the index is consolidating within 32500 and 34800 after clearing the mid-August high of 34200. This provides Read more…
The New Zealand dollar inched higher as risk appetite gained traction across the board. On the daily chart, a bullish MA cross following a brief consolidation suggests that the rally may have picked up speed Read more…
The US dollar continues downward as the market rules out a 50 basis point hike next month. The pair has recouped most of the losses from last week’s sell-off after bouncing off 0.6870 which coincides Read more…