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Daily Pivots: (S1) 1.3354; (P) 1.3378; (R1) 1.3401; More… Intraday bias in GBP/USD remains neutral as consolidations continue below 1.3438. With 1.3286 support intact, further rally is expected. As noted before, fall from 1.3787 should Read more…
Sterling is steady in early European trading after UK labor data reinforced a familiar theme of softening employment alongside stubborn wage pressures. Job losses continued, while pay growth remained elevated. The data is unlikely to Read more…
UK labor market data for November pointed to further cooling in employment conditions. Payrolled employment fell by -38k on the month, a -0.1% mom. Annual drop widened to -171k, or 0.6% yoy. Annual payroll growth Read more…
Markets Yesterday was your typical waiting game in the run-up to today much anticipated US payrolls report. Rotation forces remained at play on stock markets with the tech-heavy Nasdaq (-0.5%) underperforming against the industrial Dow Read more…
Stocks in Europe and the UK benefited from rotation flows yesterday, while tech-heavy US peers remained under pressure, with the Nasdaq 100 leading losses among the major indices. This morning, futures on both sides of Read more…
In focus this week In the US, the delayed October nonfarm payrolls (NFP) and full November jobs report are both due for release at 14:30 CET. We expect that delayed seasonal hiring will weigh on Read more…
Japan’s December PMI data pointed to a modest cooling in overall momentum, while offering tentative signs of stabilization in manufacturing. PMI Manufacturing rose from 48.7 to 49.7. PMI Services eased from 53.2 to 52.5, while Read more…
Australian consumer confidence fell sharply in December, reversing November’s brief improvement. The Westpac Consumer Sentiment Index dropped -9.0% mom to 94.5, slipping back toward levels seen prior to last month’s surprise bounce. The pullback leaves Read more…
Australia’s PMI readings for December pointed to moderating growth momentum toward year-end. PMI Manufacturing rose from 51.6 to 52.2, signaling a stronger expansion in factory activity. PMI Services slipped from 52.8 to 51.0. As a Read more…