China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us. China released its official Manufacturing and Non-Manufacturing PMI data for May. The NBS Manufacturing PMI was 49.6 vs an expectation of 48.9 and an April reading of 47.4. The NBS Non-Manufacturing […]
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Daily Pivots: (S1) 0.8282; (P) 0.8298; (R1) 0.8308; More… Intraday bias in EUR/GBP remains neutral as range trading continues. Further decline is expected with 0.8446 resistance intact. On the downside, decisive break of 0.8259 will Read more…
Markets Yesterday’s shock decision by South Korean president Yoon of the conservative People Power Party to declare martial law spiced up an otherwise uneventful trading session. Yoon backtracked after parliament voted unanimously against. The opposition, Read more…
South Korea briefly stole the light from the French political chaos after President Yoon suddenly imposed the martial law yesterday accusing the opposition party – which holds the majority in the parliament – of paralysing Read more…