UK PMI Manufacturing rose dropped from 58.0 to 55.5 in March, below expectation of 57.7, a 13-month low. PMI Services rose from 60.5 to 61.0, above expectation of 58.0, a 9-month high. PMI Composite dropped Read more…
Stock futures move higher as Biden meets NATO leaders in Brussels; Russia stocks gain trading as Moscow Exchange resumes trading; China investigators probe cockpit recorder in Boeing/Eastern Airlines crash; Hertz Global adds Tesla Model Y Read more…
ETHUSD (Ethereum) has been moving sideways since the beginning of 2022, when its downside trajectory halted. However, the technical picture seems to be improving for the cryptocurrency, with the ascending 50-day simple moving average (SMA) Read more…
Eurozone PMI Manufacturing dropped from 58.2 to 57.0 in March, above expectation of 55.9. But that’s still a 15-month low. PMI Services dropped from 55.5 to 54.8, above expectation of 54.3. PMI Composite dropped from Read more…
Germany PMI Manufacturing dropped from 58.4 to 57.6 in March, above expectation of 55.9. PMI Services dropped from 55.8 to 55.0, above expectation of 54.3. PMI Composite dropped from 55.6 to 54.6. Phil Smith, Economics Read more…
SNB keeps sight deposit rate unchanged at -0.75% as widely expected. It reiterated that is is “willing to intervene in the foreign exchange market as necessary, in order to counter upward pressure on the Swiss Read more…
The SNB is retaining its expansionary monetary policy. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75% and is willing to intervene in the foreign exchange market Read more…
France PMI Manufacturing dropped from 57.2 to 54.8 in March, below expectation of 55.1. That’s also a 5-month low. PMI Services rose from 55.4 to 57.4, above expectation of 55.2, a 4-month high. PMI Composite Read more…
USDCAD closed marginally below the ascending trendline, which has been navigating the market since the plunge to a 3½-year low of 1.2006 in June 2021. While the RSI has dipped further in the bearish area, and Read more…
WTI crude oil futures has gained this week again, and it managed to hold above the 20- and 40-day simple moving averages (SMAs) and re-enter the area above 100.00. The technical indicators are feeding prospects Read more…