US PMI Manufacturing dropped from 59.2 to 57.5 in May. PMI Services dropped from 55.6 to 53.5. PMI Composite dropped from 56.0 to 53.8. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The early survey data for May indicate that the recent economic growth spurt has lost further momentum. Growth has slowed […]
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USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…