UK services activity strengthened in August, with PMI Services rising from 52.1 to 52.5, highest since April and extending recovery from Q2 soft patch. New business increased for second straight month as firms reported improving business and consumer spending alongside firmer investment sentiment. Domestic demand drove improvement, while export sales fell for sixth consecutive month […]
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Intraday bias in EUR/USD is turned neutral first with current recovery. On the downside, below 1.1565 will extend the fall from 1.1710 to 55 D EMA (now at 1.1549). Sustained break there will argue that Read more…
USD/JPY’s strong break of 157.99 support indicates rebound from 155.22 has completed as a three wave corrective move to 160.38. Intraday bias is back on the downside for 155.22 low, and then 154.76/155.01 key support Read more…
Intraday bias in GBP/USD remains mildly on the downside at this point. Sustained break of 55 D EMA (now at 1.3472) will indicate that whole rebound from 1.3139 has completed. Deeper fall should be seen Read more…