Japan Finance Minister Shunichi Suzuki declined to confirm if there was intervention in the currency markets last Friday. But he reiterated, “we cannot tolerate excessive volatility caused by speculative moves, and we are ready to take Read more…
Japan PMI Manufacturing ticked down from 50.8 to 50.7 in October, weakest in 21 months. PMI Manufacturing Output improved slightly from 48.3 to 48.7. PMI Services rose from 52.2 to 53.0. PMI Composite also rose Read more…
RBA Assistant Governor Christopher Kent said in a speech, “The Board expects to increase interest rates further in the period ahead, given the need to establish a more sustainable balance of demand and supply and Read more…
Australia PMI Manufacturing dropped from 53.5 to 52.8 in October, a 14-month low. PMI Services dropped from 50.6 to 49.0, a 9-month low. PMI Composite dropped from 50.9 to 49.6, a 9-month low. Jingyi Pan, Read more…
Key Highlights EUR/USD is correcting higher above the 0.9850 resistance. It broke a major bearish trend line with resistance at 0.9835 on the 4-hours chart. USD/JPY declined heavily after it tested the 152.00 resistance zone. Read more…
Volatile price action across yen pairs on Friday quickly saw the finger pointed at the BOJ (Bank of Japan) and MOF (Ministry of Finance) for currency intervention. After rising to just 6 pips below 152, Read more…
The serial entrepreneur had planned an important event on October 31, on Halloween. Elon Musk is notorious for not sticking to his schedule. The list of promises kept but with great delay by the billionaire Read more…
Disney’s plans for an anticipated major expansion at Epcot has been scrubbed. Walt Disney Co. (DIS) – Get The Walt Disney Company Report theme parks have been busy expanding with the addition of new rides, as Read more…
As other fast-food chains bring back beloved classics, McDonald’s shows its aces. Food is king and when food rules, consumers follow. Restaurants have the public’s taste buds to thank for crazy demands of popular food Read more…