In focus today Today in the US, we get the May ISM Manufacturing index at 16.00 CET. Its PMI-counterpart released earlier shifted modestly higher, but the leading new orders indices still pointed towards muted growth. In Sweden, we get the manufacturing PMI for May at 08.30 CET. It is set to continue higher from last […]
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Daily Pivots: (S1) 1.2684; (P) 1.2731; (R1) 1.2789; More… Intraday bias in GBP/USD remains on the upside for retesting 1.2859 high. Correction from there should have completed at 1.2612. Firm break of 1.2859 will resume Read more…
Daily Pivots: (S1) 0.8982; (P) 0.9019; (R1) 0.9051; More… Intraday bias in USD/CHF remains neutral for the moment. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the Read more…
Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… While USD/CAD declines notably, there is no change in the outlook as consolidation from 1.3845 is in progress, and could extend further. Downside should be contained Read more…