The ISM Manufacturing Index rose to 49.1 in September, up from 48.7 in August, but remaining in contractionary territory. Only five of 18 industries reported growth last month, down from seven in August. Similar to August, roughly 70% of manufacturing GDP contracted in August. Demand conditions worsened in September, after showing signs of turning a […]
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Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of Read more…
Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… GBP/USD is still bounded in range above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.2081 should target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Read more…