Good news today for the Australian economy as the employment report for June stunned with across-the-board strength. The economy added 88,400 jobs in June to a new peak of 13.6million, well above expectations for a Read more…
The US inflation report was ugly. Inflation in the US advanced to 9.1% in June, from 8.6% a month earlier, and there was nothing toppish about yesterday’s inflation report, apart from the fact that gasoline Read more…
Gold recouped some losses after the US dollar bulls took profit following inflation data in June. The price action has struggled to stay above September 2021’s lows at 1723. A bullish RSI divergence showed a Read more…
The Canadian dollar soared after the Bank of Canada surprised the market with a 1% hike. The greenback consolidated its gains after it broke above June’s peak at 1.3070. 1.2940 at the base of a Read more…
Daily Pivots: (S1) 136.39; (P) 136.96; (R1) 137.44; More… USD/JPY’s up trend resumes by breaking 137.74 and intraday bias is back on the upside. There is sign of upside re-acceleration as seen in daily and Read more…
Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that Fed could follow later in the month, Read more…
Australia employment grew 88.4k in June, above expectation of 30.0k. Full time jobs grew 52.9k while part-time jobs rose 35.5k. Unemployment rate dropped sharply from 3.9% to 3.5%, below expectation of 3.8%. That’s the lowest Read more…
Cleveland President Loretta Mester told Bloomberg TV yesterday, the June inflation report was “uniformly bad”. “There was no good news in that report at all,” she said. “We at the Fed have to be very Read more…
Commenting on yesterday’s US CPI report, which showed headline inflation surged to 9.1%, Atlanta Fed President Raphael Bostic said the “numbers suggest the trajectory is not moving in a positive way”. But, “how much I Read more…
DXY: On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where the pullback Read more…