UK PMI Manufacturing index was finalized at 51.2 in May, up from April’s 49.1, marking the highest reading since July 2022. S&P Global noted that output increased across all main sub-sectors and size categories, and business optimism soared to a 27-month high. Rob Dobson, Director at S&P Global Market Intelligence, described May’s performance as a […]
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GBP/JPY rebounded after initial dip to 189.54 last week, but upside is limited below 195.95 resistance. Initial bias stays neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 Read more…
EUR/JPY rebounded after initial dip to 158.09 last week but upside is limited below 163.47 resistance. Initial bias remains neutral this week first. On the upside, break of 163.47 will resume the rebound from 154.40 Read more…
EUR/GBP rebounded strongly after initial dip to 0.8309 last week. But upside was capped by 38.2% retracement of 0.8624 to 0.8309 at 0.8429. Initial bias stays neutral this week and outlook remains bearish. On the Read more…