Japan’s PMI Manufacturing was finalized at 49.2 in October, a decline from September’s 49.7, signaling continued contraction in the sector. Usamah Bhatti at S&P Global Market Intelligence noted that while output fell only slightly, it was at the sharpest rate since April, with new orders contracting at their fastest pace in three months. Companies cited […]
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EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
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