New Zealand will report second-quarter GDP data on Wednesday at 22:45 GMT. After a negative start to the year, the commodity-dependent economy has likely enjoyed some post-Covid expansion, avoiding a technical recession despite the dim Read more…
Jobs figures are back in focus in Australia following some interesting comments from RBA Governor Lowe a few days back. Of course the RBA doesn’t care about the employment situation directly. But the theory is Read more…
The world’s richest man worries about the Federal Reserve’s aggressive rate hikes to fight inflation. The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight Read more…
Yesterday we wondered whether the dollar retreat was a correction or a reversal. But the reaction of the financial markets to the US inflation report has put everything in its place by confirming that we Read more…
Markets Central bankers of late stressed that the pace of further tightening will be guided by incoming data. In this narrative, yesterday’s higher than expected US inflation challenged markets’ expectations (or was it simply hope?) Read more…
It has been a busy week for the British pound. GBP/USD has climbed 0.66% today and is trading at 1.1566. This follows the pound’s huge decline on Tuesday, as the US dollar pummelled the major Read more…
Recovery attempts after Tuesday’s 1.5% drop, cracked parity barrier (reinforced by 20DMA), but so far lack momentum for stronger recovery. Headwinds from parity zone, accompanied with bearishly aligned daily studies, warn of recovery stall, which Read more…
Daily Pivots: (S1) 142.59; (P) 143.63; (R1) 145.61; More… USD/JPY is staying in consolidation from 144.98 and intraday bias remains neutral. Downside should be contained by 139.37 resistance turned support. On the upside, break of Read more…
Daily Pivots: (S1) 0.9522; (P) 0.9577; (R1) 0.9675; More… Intraday bias in USD/CHF stays neutral for the moment. The pair is still in corrective pattern from 1.0063. Below 0.9478 will extend the fall from 0.9868 Read more…
Daily Pivots: (S1) 0.9894; (P) 1.0040; (R1) 1.0114; More… Intraday bias in EUR/USD stays mildly on the downside for retesting 0.9863 low first. . Firm break there will resume larger down trend. On the upside, Read more…