USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
China industrial production rose 5.0% yoy in October, below expectation of 5.2% yoy. Retail sales dropped -0.5% yoy, much worse than expectation of 1.0% yoy. That’s also the first decline since May. Fixed asset investment Read more…
Japan GDP contracted -0.3% qoq in Q3, much worse than expectation of 0.3% qoq. In annualized term, GDP contracted -1.2%, versus expectation of 1.1%. GDP deflator dropped -0.5% yoy, versus expectation of -0.2% yoy. During Read more…
Minutes of RBA’s November 1 meeting revealed that board members consider both a 25 bps or a 50bps rate hike. There were “arguments in favour of both courses of action”, but the case for 25bps Read more…
Hobart – 1 November 2022 Members present Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO, Alison Read more…
SNB Chairman Thomas Jordan said yesterday, “it cannot be excluded that the SNB will raise interest rates in December,” given that interest rates are still low. “There is a high probability that the SNB will Read more…
Fed Vice Chair Lael Brainard said yesterday, “I think it will probably be appropriate soon to move to a slower pace of increases, but I think what’s really important to emphasize is… we have additional work Read more…
Key Highlights GBP/USD was able to clear the 1.1600 and 1.1700 resistance levels. A key bullish trend line is forming with support near 1.1600 on the 4-hours chart. EUR/USD started a consolidation phase below the Read more…
This week brings a plethora of data from the UK, as well as the Autumn budget. On Tuesday, the UK Claimant Count Change for October will be released. Expectations are that the Claimant Count rose Read more…