Markets start the first day of the second half dumping risk assets, from stocks to oil to gold and copper. Safe haven flow into treasury has indeed started overnight, pushing US 10-year yield back below Read more…
Credit: Robert Triggs / Android Authority Smartphone sales are below 100 million for the second time in eight years. The market hit its peak back in 2016-17. Economic slowdown, rising inflation, and the Ukraine crisis Read more…
China Caixin PMI Manufacturing rose from 48.1 to 51.7 in June, above expectation of 50.2. Caixin said production increased at quickest rate for 19 months, as total new work and export sales returned to growth. Read more…
Japan PMI Manufacturing was finalized at 52.7 in June, down from May’s 53.3. S&P Global said output growth slowed amid near-stagnation in new orders. Prices charged for goods rose at sharpest pace on record. Business Read more…
Japan Tankan survey showed that large manufacturer sentiment dropped to lowest in more than a year. But note improvement was seen in the non-manufacturing sector. Also, the strong capital expenditure plan was a big surprise, Read more…
Australia AiG Performance of Manufacturing rose 1.6 pts to 54.0 in June. Looking at some details, production rose 2.4 to 54.7. Employment rose 0.8 to 51.0. New orders rose 0.7 to 55.7. Exports jumped 10.1 Read more…
Key insights from the week that was. Domestically, it was a quiet week. May’s retail sales and private credit data reflected the resilience of Australian consumers and businesses against cost-of-living pressures and the beginning of Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where Read more…
EUR/USD on course to end June down by 2.6% Price continues to hover over major support, but for how long June Proved Bad for EUR/USD June didn’t work out to be a great month for Read more…
NZDUSD reversed from the support level 0.6200 Likely to rise to resistance level 0.6300 NZDUSD today reversed up from the key support level 0.6200 (which stopped the previous waves 3 and 1, as can be Read more…