Yen remains the worst performer for the week but selling appears to have slowed after Japan’s intervention yesterday. Dollar is following as next weakest, as risk sentiment stabilized. Also, Dollar bulls are clearly on guard Read more…
Australia Westpac leading index six-month annualized growth rate declined from -0.33% to -1.15% in September. It’s now at the weakest level since the pandemic first hit in 2020, and prior to that, since early 2016. Read more…
BoJ Governor Haruhiko Kuroda told a parliamentary committee that recent depreciation of Yen was sharp and one-sided “This kind of yen weakening makes it difficult for companies to set their business plans and raises uncertainties Read more…
Minneapolis Fed President Neel Kashkari said yesterday, “I’ve said publicly that I could easily see us getting into the mid-4%s early next year.” “But if we don’t see progress in underlying inflation or core inflation, Read more…
September’s CPI inflation prints will be closely watched in Canada on Wednesday at 12:30 GMT. Analysts estimate a third consecutive month of diminishing inflation, but that might not necessarily be enough to push additional rate Read more…
Key Highlights USD/CAD corrected lower from the 1.4000 resistance zone. A key rising channel is forming with support near 1.3680 on the 4-hours chart. Crude oil price is moving lower and might dive below $80. Read more…
It’s not particularly hard to make a bearish case for the European economy, especially relative to the US – heck, I’ve done it myself numerous times over the last few weeks! Between a war in Read more…
The mega-retail chain is getting into the world of content creation thanks to a new program to shake up its marketing. Shopping had evolved pretty radically over the last 100 years. At the turn of Read more…
A new report finds investment at its lowest level in years. Elon Musk’s SpaceX vehicles have rocketed up to the International Space Station and have deployed Starlink satellites by the dozens with every one of Read more…