Germany PMI Manufacturing was finalized at 54.6 in April, a 20-month low, down from March’s 56.9. S&P Global said supply disruption and weaker demand weighed on output. Soaring costs drove unprecedented rise in prices charged. Read more…
France PMI Manufacturing was finalized at 55.7 in April, up from March’s 54.7. S&P Global said manufacturing output growth was constrained by war in Ukraine. There were reports of automotive sector weakness, while supply issues Read more…
Swiss SECO consumer climate dropped sharply from -4 to -27 in Q2, well below expectation of -15. That’s was the biggest decline since the onset of the pandemic, and the reading was below long-term average Read more…
The Dax 40 weakens as the energy crisis in Europe casts doubt on growth. A bullish RSI divergence indicates a slowdown in the current liquidation. A break above the latest sell-off point at 14140 prompted Read more…
The euro bounces back as core inflation across the eurozone accelerated to 3.5% in April. On the daily chart, the pair is in a narrowing consolidation between 1.0100 and 1.0370, a sign of stabilization after Read more…
The US dollar found support from a rise in personal income in March. The pair previously found resistance at March’s high around 1.2880. A bearish RSI divergence suggests a loss of momentum in the upward Read more…
Markets The balance between growth and inflation still was the talk of the town on Friday and will likely continue dominating the debate. EMU growth slowed to 0.2% Q/Q from 0.3% resulting in a 5.0 Read more…
Market movers today Markets will continue to digest gloomy Chinese PMI figures released over the weekend. A range of Manufacturing PMI figures for April are out in Europe and Scandinavia, as is the EU Commission’s Read more…
Daily Pivots: (S1) 162.51; (P) 163.25; (R1) 164.09; More… Intraday bias in GBP/JPY remains neutral for the moment. Correction from 168.40 could extend further. IN case of another fall, downside should be contained by 61.8% Read more…
Daily Pivots: (S1) 136.35; (P) 137.16; (R1) 137.81; More…. Intraday bias in EUR/JPY remains neutral first. Consolidation from 139.99 could extend further. But downside should be contained by 38.2% retracement of 124.37 to 139.99 at Read more…