UK PMI Services was finalized at 50.9 in August, down from July’s 52.6. PMI Composite was finalized at 49.6, down from prior month’s 51.2, the first contraction reading in 18 months. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence: “UK private sector business activity fell for the first time in a year-and-a-half in […]
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Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…