UK manufacturing showed tentative signs of life in October, with the final S&P Global PMI rising to 49.7 from September’s 46.2. However, the improvement remains fragile as sluggish demand and stock adjustments drove much of Read more…
The EUR/USD pair is declining for a fourth consecutive session, edging closer to the 1.1532 level. Investor sentiment remains cautious as markets digest recent trade developments and await a slew of high-impact economic data. Over Read more…
Eurozone manufacturing activity barely expanded in October, with the final HCOB PMI coming in at 50.0, up marginally from 49.8 in September. National readings showed uneven trends: Greece and Spain led with readings above 52, Read more…
AUD/USD is consolidating gains near 0.6550. NZD/USD is trimming gains and struggling to stay above the 0.5700 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from Read more…
Markets The US dollar pushed beyond the first technical boundaries going into the weekly and monthly close. EUR/USD fell below the previous October low of 1.1542 last Friday, setting the stage for a revisit of Read more…
Swiss inflation cooled further in October, with headline CPI slipping -0.3% mom — weaker than expectations of -0.1% mom. Annual inflation eased to just 0.1% yoy from 0.2% yoy, undershooting forecasts of 0.3% yoy. The Read more…
Last week ended with slowing appetite after the Federal Reserve (Fed) cast doubt on another 25bp cut in December and Big Tech earnings failed to impress investors despite beating lofty expectations. But nearly two-thirds of Read more…
In focus today From the US, the October ISM Manufacturing index is due for release. The flash PMI released earlier, and the regional Fed indices point to a small uptick. Private-sector data remains in focus Read more…
Daily Pivots: (S1) 201.93; (P) 202.42; (R1) 203.00; More… Intraday bias in GBP/JPY remains neutral for the moment, and further rise is expected. Break of 204.22 will will suggest that rise from 184.35 is resuming Read more…
Daily Pivots: (S1) 177.27; (P) 177.92; (R1) 178.38; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 178.80. Downside of pullback should be contained above 174.80 support. On the upside, Read more…