China’s official data suggest that the country’s economy recovered significantly in March. PMI readings for all of manufacturing, services and construction activities improved strongly. While seasonal factor (low base effect in February) played a role, the strong first quarter reading signals that economic recovery remains underway. Key risks are global vaccination progress and US-China trade
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In this article LULU Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit
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GBP/JPY stays firmer around two-week top amid bullish MACD. 13-day-old horizontal area guards immediate upside ahead of the early month’s multi-day high. One-week-long support line, key SMAs restrict short-term downside. GBP/JPY wavers around 152.15-20, up 0.33% intraday, ahead of Wednesday’s London open. In doing so, the pair attacks the key horizontal resistance that holds the
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AUD/USD trims intraday gains, stays below key hurdles. Fortnight-old horizontal area, monthly resistance line test recovery moves. Bears need to break 0.7557 for confirmation, monthly top adds to the upside barriers. AUD/USD steps back from 0.7664 while trimming intraday gains to 0.24% ahead of Tuesday’s European session. In doing so, the quote fades upside momentum
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