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Australia PMI Services Holds Firm at 53.2 as Confidence Rises but Costs Stay High

Australia’s service sector remained in solid expansion in August, though momentum eased slightly. PMI Services slipped from 53.6 in July to 53.2, while business activity rose for a third straight month. New orders increased for Read more…

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USDJPY – Hawkish BoJ and Speculation of Another Intervention Were Likely Behind Today’s Sharp Fall

USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier. The Read more…

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S&P 500 Wave Analysis

S&P 500: ⬆️ Buy – S&P 500 reversed from support zone – Likely to rise to resistance level 7765.00 S&P 500 index recently reversed from the support zone between the support level 7600.00 (former top Read more…