UK PMI Services was finalized at 62.6 in March, up from February’s 60.5. Rate of expansion was the second strongest since May 1997, exceeded only by the post-lockdown recovery in May 2021. PMI composite was Read more…
Eurozone PMI Services was finalized at 55.6 in March, up from February 55.5, hitting a 4-month high. However, PMI Composite was finalized at 54.9, down from prior month’s 55.5. Looking at some member states, Ireland Read more…
GBPUSD is developing near the 20-day simple moving average (SMA) and below the significant barrier of the 23.6% Fibonacci retracement level of the down leg from 1.3750 to 1.3000 at 1.3175. Over the last month, Read more…
The Reserve Bank Board has abandoned its patient approach to policy and given itself sufficient flexibility to raise rates as early as June. This decision will depend on the data over the next two months. Read more…
The AUDUSD has surged to a 9-month high at .7639 (1.15%), following a more hawkish RBA meeting and a lift in the commodity complex overnight. At its meeting this afternoon the RBA kept rates on Read more…
AUD is one of the strongest across the board after recent RBA comments, who want to see more indications that wage growth has significantly picked before moving to tighten policy. So, the potential date for Read more…
A sense of caution has taken hold of financial markets as investors evaluate the prospects of more sanctions on Russia for the alleged destruction in Bucha, a town on the outskirts of Ukraine’s capital. Asian Read more…
Twitter jumped 27% in a single move on the news that Elon Musk took a 9.2% stake in the company. The jump in Twitter shares gave an energy boost to the US equities, especially to Read more…
EUR/USD For the single European currency, the week began with some losses against the dollar. After the market opened, the bulls did not even try to test the resistance at 1.1060 and relinquished control of Read more…
US stocks rose on Monday even as investors remained concerned about the Federal Reserve and the fact that the American economy was slowing. The Dow Jones rose by 53 points while the tech-heavy Nasdaq 100 Read more…