The U.S. services sector expanded at its fastest pace since February, signaling renewed momentum in the largest part of the economy. ISM Services PMI rose to 52.4 in October from 50.0, beating expectations of 50.8. The report showed broad-based improvement, with business activity up to 54.3 from 49.9 and new orders surging to 56.2 from […]
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Daily Pivots: (S1) 158.23; (P) 158.60; (R1) 159.34; More… Intraday bias in USD/JPY remains on the upside as rise from 152.07 is still in progress. Firm break of 159.44 will target 161.94 high next. On Read more…
Global markets have entered a fragile calmness as investors await the next major catalyst. With only second-tier data scheduled and Fed officials in their pre-meeting blackout period, the usual policy signals that guide markets are Read more…
Bill Ackman is making waves yet again, marking another run at the public markets. However, there is a difference. This time around, Ackman is giving investors something much more exciting. Ackman’s Pershing Square filed documents Read more…