Daily Pivots: (S1) 1.3135; (P) 1.3171; (R1) 1.3202; More… Intraday bias in USD/CAD remains neutral at this point. On the upside, decisive break of 1.3222 will resume larger up trend from 1.2005. Next target is Read more…
Daily Pivots: (S1) 0.6715; (P) 0.6738; (R1) 0.6770; More… Intraday bias in AUD/USD stays neutral first. Prior rejection by 55 day EMA is a near term bearish sign. Decisive break of 0.6680 will resume larger Read more…
The markets are overall steady in Asia today. Yen attempted a rebound yesterday but there was no follow through buying so far. Dollar’s rally also lacks sustained push. While commodity currencies are staying as the Read more…
Japan exports rose 22.1% yoy to JPY 8062B in August, driven by shipments of auto and chip-related equipment. Imports rose 49.9% yoy to JPY 10879B. That’s the largest increase by value on record, since data Read more…
Ethereum’s software update, called the Merge, is a major event for the cryptocurrency industry. The Merge is here. The long-awaited update of the Ethereum platform – the internet of crypto space – has finally arrived Read more…
New Zealand’s GDP rebounded by 1.7% in the June quarter, close to our forecast and the RBNZ’s expectation. Services grew strongly as tourists started to return. Quarterly change: +1.7% (last: -0.2%, Westpac f/c: +1.6%, market Read more…
Australia employment rose 33.5k in August, slightly smaller than expectation of 35.5k. Full-time jobs rose 58.8k while part-time jobs decreased -25.3k. Unemployment rate ticked up from 3.4% to 3.5%, above expectation of 3.4%. Participation rate Read more…
New Zealand GDP grew 1.7% qoq in Q2, above expectation of 1.0% qoq, following a -0.2% qoq decline in Q1. Service industries rose 2.7% but goods producing industries dropped -3.8%. Primary industries rose 0.2%. “The Read more…
ECB Chief Economist Philip Lane said in a speech that risks to the inflation outlook are “primarily on the upside”. Major short term risk is a “further disruption of energy supplies”. Over the medium term, Read more…
Key Highlights Crude oil price started a steady increase above the $85 resistance. It broke a major bearish trend line with resistance at $87.50 on the 4-hours chart. Gold price is consolidating losses below the Read more…