UK PMI Manufacturing was finalized at three-month high of 58.0 in February, up from 57.3 in January. Markit said output and new orders expanded at quicker rates. New export orders decreased. Input price inflation remained elevated. Rob Dobson, Director at IHS Markit, said: “February saw rates of expansion in UK manufacturing production and new orders […]
The post UK PMI manufacturing finalized at 58 in Feb, production and new orders both accelerate appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
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…