US PPI for final demand rose 0.2% mom in April, below expectation of 0.3% mom. 80% of the rise in PPI attributable to a 0.3% mom increase in prices for services. The index for goods advanced 0.2% mom. Prices for final demand less foods, energy, and trade services rose 0.2% mom. For the 12 months […]
The post US PPI up 0.2% mom, 2.3% yoy in Apr appeared first on Action Forex.
Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD recovered after brief breach of 1.0223 support and intraday bias remains neutral. With 1.0457 resistance intact, outlook stay bearish. On the downside, firm break of Read more…
Daily Pivots: (S1) 1.2240; (P) 1.2306; (R1) 1.2375; More… GBP/USD’s decline continues today and intraday bias stays on the downside. Sustained trading below 1.2256 fibonacci level will carry larger bearish implications. Next target is 61.8% Read more…
Daily Pivots: (S1) 157.69; (P) 158.04; (R1) 158.51; More… USD/JPY’s rally continues today and intraday bias stays on the upside for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will Read more…