US ISM Services PMI fell from 52.6 to 51.4 in March, below expectation of 52.8. Business activity/production ticked up from 57.2 to 57.4. New orders fell from 56.1 to 54.4. Employment rose slightly from 48.0 to 48.5. Prices fell sharply from 58.6 to 53.4. ISM said: “The past relationship between the Services PMI and the […]
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Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… USD/JPY is extending consolidation pattern from 156.74 and intraday bias remains neutral. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF remains neutral as consolidations continue below 0.8956. Outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break Read more…
Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break Read more…