Month: July 2022

Japan all-item CPI dropped from 2.5% yoy to 2.4% yoy in June. CPI core (all-items ex-fresh food), rose from 2.1% yoy to 2.2% yoy, matched expectations. CPI core-core (all-items ex-fresh food, energy) rose from 0.8% Read more…

Japan PMI Manufacturing dropped from 52.7 to 52.2 in July, below expectation of 53.1. PMI Services dropped from 54.0 to 51.2. PMI Composite output dropped from 53.0 to 50.6. Usamah Bhatti, Economist at S&P Global Read more…

Australia PMI Manufacturing dropped from 56.2 to 55.7 in July. PMI Services dropped from 52.6 to 50.4, a 6-month low. PMI Composite dropped from 52.6 to 50.6, also a 6-month low. Laura Denman, Economist at Read more…

We have revised our profile for the RBA cash rate cycle to include 50bp moves in both August and September; followed by a step down in the pace to 25bp increases at every meeting from Read more…

DXY: On the H4, with prices moving within the ascending channel and bouncing off the stochastic support, we have a bullish bias that prices will rise to the 1st resistance at 107.514 where the 38.2% Read more…

EUR/USD stayed at or below parity only briefly The 1.036 region and 1.050 region are possible resistance levels A Brief Moment Below Parity Life for EUR/USD at or below parity thus far has been short Read more…

CADJPY reversed from resistance area Likely to fall to support level 106.00 CADJPY currency pair recently reversed down from the resistance area lying between the resistance level 107.25 (previous monthly high from June) and the Read more…

GBPUSD reversed from resistance area Likely to fall to support level 1.1800 GBPUSD currency pair recently reversed down from the resistance area lying between the resistance level 1.2030 (which stopped the previous wave (ii), as Read more…