UK business activity weakened further in June as the services sector recorded its sharpest contraction in nearly three and a half years, highlighting a loss of economic momentum during the second quarter. The final S&P Global UK Services PMI Business Activity Index fell to 48.8 from 49.3 in May, its lowest reading since January 2023. […]
The post UK Services PMI Falls to Lowest Since 2023 as Demand Weakens Despite Cooling Cost Pressures appeared first on ActionForex.
Gold rose to 4,177 USD per troy ounce on Friday, having gained more than 2% in the previous session. The primary driver of the recovery was US labour market data, which came in weaker than Read more…
EUR/USD is staying below 1.1499 support turned resistance. Intraday bias remains neutral, and further decline is in favor. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection of 1.2081 Read more…
Intraday bias in USD/JPY remains mildly on the downside. Pullback from 162.83 short term top would extend to 38.2% retracement of 155.01 to 162.83 at 159.84. Since this level is close to 55 D EMA Read more…