Australia AiG Performance and Services Index dropped sharply from 57.8 to 49.2 in May, indicating mild contraction. Sales dropped -13.0 pts to 50.7. Employment dropped -10.4 to 47.4. New orders dropped -3.3 to 49.7. Input Read more…
The British pound hit some turbulence overnight thanks to the confidence vote (or lack of) for UK’s Prime Minister, Boris Johnson. GBP initially rallied on expectations that he would win, yet most of those gains Read more…
US 10 Year yields are up for the 6th consecutive day after news from China has led to optimism in the markets and, therefore, bond selling. Shanghai is up and running again in full force Read more…
With interest rate decisions from both the RBA and the ECB, EUR/AUD has the potential to be volatile this week. The Eurozone CPI for May released last week showed that inflation increased by 8.1% YoY Read more…
In this blog, we will take a look at the recent rally in Nasdaq Futures up from May 20, 2022 low, structure of this rally and some charts from the recent past showing our forecast Read more…
CADJPY broke resistance level 102.00 Likely to test resistance level 105.00 CADJPY recently broke above the strong resistance level 102.00 (which has been reversing the pair since the middle of April) . The breakout of Read more…
GBPCHF reversed from round support level 1.2000 Likely to reach resistance level 1.22 GBPCHF recently reversed up from the key round support level 1.2000 (which has been repeatedly reversing the pair from the end of Read more…
Could we see some volatility injected into euro crosses and yields at this Thursday’s meeting. Read below to find out more. This Thursday brings a significant meeting for the ECB with the market expecting an Read more…
Electric-vehicle leader Tesla reportedly reviewed employees’ organizing activity on social media. The increasing popularity of unionized workforces has been rattling C-suites across corporate America. One after another, major business behemoths like Amazon (AMZN) – Get Read more…
The billionaire has become very influential in China, which is a key market for Tesla. Elon Musk knows he has become the most influential chief executive officer in the world. With this new power, he Read more…