Markets EMU PMI’s provided the first real (sentiment) update on consequences from the Russian invasion in Ukraine. The official setback was smaller than feared in March. The composite number fell from 55.5 to 54.5, with the decline more or less similar in the export-oriented manufacturing sector (57 from 58.2) and the domestic services industry (54.8 […]
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EURJPY in the fourth week of losses Short-term bias skewed to the downside Next stop could be near 158.00 EURJPY is set to post its fourth consecutive negative week, having retraced more than half of Read more…
The final trading week of November may prove to be the worst this month for the US dollar. Following the release of Chicago PMI data and the US Q3 GDP report, USD/JPY and USD/CAD have Read more…
Markets Multiple US data, including the closely watched PCE deflators, yesterday didn’t stop the recent correction on the Trump-trade. The headline (0.2% M/M and 2.3% Y/Y from 2.2%,) and core PCE measures (0.3% M/M and Read more…