Daily Pivots: (S1) 186.46; (P) 186.90; (R1) 187.14; More… Intraday bias in EUR/JPY stays neutral as consolidations continue below 187.93. Another fall might be seen to 38.2% retracement of 182.56 to 187.93 at 185.87. But strong support would be seen there to bring rebound. On the upside, though, break of 187.93 will resume larger up […]
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UK business activity picked up in April, with the Flash PMI Composite rising from 50.3 to 52.0, a two-month high. Services activity rose from 50.5 to 52.0. Manufacturing PMI jumped from 51.0 to 53.6, the Read more…
Eurozone business activity slipped back into contraction in April, with the Flash Composite PMI dropping from 50.7 to 48.6, a 17-month low. The downturn was driven primarily by a sharp deterioration in the services sector, Read more…