Daily Pivots: (S1) 0.8434; (P) 0.8463; (R1) 0.8481; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Fall from 0.8720 is still expected to resume as long as 0.8585 resistance holds. Firm break Read more…
Daily Pivots: (S1) 1.4351; (P) 1.4445; (R1) 1.4496; More… Intraday bias in EUR/AUD remains on the downside for the moment. Current decline from 1.5396 should target 1.4318 support first. Firm break there will resume larger Read more…
Market movers today There are no significant market movers today. The Chinese central bank unexpectedly cut policy rates this morning. The key numbers and events are the German ZEW indicator tomorrow, UK inflation data and Read more…
Credit: Dhruv Bhutani / Android Authority Apple could reportedly bring ads to more first-party iPhone apps. An ad-supported Apple TV Plus subscription tier was also mooted. Apple’s iPhones have a reputation for shying away from Read more…
Daily Pivots: (S1) 136.60; (P) 137.00; (R1) 137.70; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, break of 138.38, and sustained trading above 55 day EMA (now at 138.29) will Read more…
Commodity currencies soften mildly in Asian session today, following weaker than expected economic data from China. On the other hand, Yen is leading Dollar and Swiss Franc higher. Euro and Sterling are mixed for now. Read more…
China industrial production rose 3.8% yoy in July, below expectation of 4.6% yoy, slowed from 3.9% yoy. Retail sales rose 2.7% yoy, below expectation of 5.0% yoy, slowed from 3.1% yoy. Fixed asset investment rose Read more…
Japan GDP grew 0.5% qoq in Q2, below expectation of 0.6% qoq. In annualized term, GDP grew 2.2%, below expectation of 2.5%. The size of the economy was lifted to JPY 542.1T, finally exceeding pre-pandemic Read more…
New Zealand BusinessNZ Performance of Services Index dropped from 54.7 to 51.2 in July. Activity/Sales dropped from 55.8 to 54.4. Employment dropped from 52.7 to 49.2.New orders/business dropped from 60.5 to 52.5. Stocks/inventories dropped from Read more…
The Chinese economic miracle seems to have turned into a nightmare lately. With a property sector in collapse and an overleveraged banking system as global interest rates move higher at the speed of light, there Read more…