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Prior month composite 51.5 SP global composite PMI final 51.9 versus 52.2 preliminaryS&P global services PMI 51.2 versus 51.3 preliminary and
The major US stock indices are opening higher with the Dow industrial average up 0.02%. The S&P index of 0.24%, and
Services PMI Business Activity: 47.1 vs 50.6 in May (back into contraction; lowest since February). Composite PMI: 47.9 vs 50.8 in
The USDCAD has been on a strong bullish run since May 1, rallying from a low of 1.35492 to a high
The USDCHF moved lower last week, and in the process tested an important swing area between 0.80090 and 0.80178 (rednumbered circles
The USD is higher with the USDJPY the biggest mover with a gain of 0.59% after testing a swing level near
Michael Saylor’s company, Strategy Inc. (formerly known as MicroStrategy), is the world's first and largest Bitcoin Treasury Company. Strategy has disclosed
Headlines:A week later and not much has changed with the Strait of Hormuz situationEUR/USD continues to erase the NFP gains as
From the end of last month: There's still mud in the waters on how things are playing out with the Strait
FUNDAMENTAL OVERVIEWUSD:The US dollar came under some pressure in the final part of last week following the US NFP report. The
Retail sales +0.2% vs +0.3% m/m expectedPrior -0.4%; revised to -0.3%Retail sales +1.6% vs +1.6% y/y expectedPrior +1.0%; revised to +0.9%Euro
PPI +0.2% vs +0.2% m/m expectedPrior +0.6%; revised to +0.7%PPI +5.9% vs +5.7% y/y expectedPrior +4.9%; revised to +5.0%Producer prices in
FUNDAMENTAL OVERVIEWSilver extended the pullback into the major downward trendline following the US NFP report. The data wasn’t bad, but it
Construction PMI 38.4 vs 40.0 expectedPrior 38.2UK construction activity continues to be subdued in June even with slower reductions in new
Sentix investor confidence -3.1 vs -10.0 expectedPrior -13.4That's a marked improvement in investor morale heading into July as the broader sentiment
USD/JPY bulls are back. After last week’s intervention scare briefly knocked the pair lower, Yen selling returned today as the most
Gold found its footing above $4,000 after June’s disappointing US payrolls report triggered broad-based Dollar selling and eased expectations for a
Last week’s post-US NFP rebound has given NZD/USD some breathing room, but it has done little to convince traders that the
The Dollar’s decline paused on Friday as trading quietened ahead of the US Independence Day holiday, but the bigger story is
The June non farm payrolls report did not prove the US economy is breaking. It did something more important for markets:
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway.
EUR/GBP may have passed a turning point that extends well beyond this week’s inflation data. The sharp break below key technical
The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank
Silver traders are focused on Thursday’s US Non-Farm Payrolls report, but the metal’s next major move could begin a day earlier.
The NASDAQ Composite ended the second quarter with its strongest performance in six years, but the bigger story may be what
The Japanese Yen remained the clear underperformer in otherwise subdued markets, with USD/JPY climbing to a fresh 40-year high as traders
USD/JPY has broken to a fresh 40-year high, and with it, the market may have abandoned the wrong debate. Traders have
The Australian Dollar barely reacted to the hawkish sets of RBA minutes. Instead, AUD/USD drifted lower in Asian trading, suggesting investors
Financial markets began the week on a subdued note, with quarter-end positioning and caution ahead of a packed economic calendar keeping
USD/JPY is once again knocking on the door of Japan’s intervention zone, but this week’s battle is about far more than
Data source: FXStreet, Finance Magnates, DailyFX, Investing.com, Forexlive and Action Forex
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