Real GDP contracted by 0.9% quarter-over-quarter (annualized) in the second quarter of 2022. The reading came in below the consensus forecast, which called for a modest gain of 0.4% q/q. Consumer spending grew by 1% – a deceleration from the 1.8% recorded in Q1. Spending on services (4.1%) accounted for all the gains, while durable […]
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Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…
Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to Read more…
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to Read more…