Yen and Dollar rise broadly in Asian session today while Australian Dollar leads commodity currencies lower. Markets are trading with risk-off sentiment, with deeper selloff in China and Hong Kong markets. Large scale protests were Read more…
RBNZ Assistant Governor Karen Silk said in an interview, “What we have seen is actual inflation continue to surprise on the upside, but more importantly inflation expectations have moved higher as well… And it’s the Read more…
RBA Governor Philip Lowe told a parliamentary committee that the central bank is keeping an eye on electricity prices and housing. “If we can address those two issues then that will make a substantial contribution Read more…
Australia retail sales turnover dropped -0.2% mom to AUD 35.02B in October, much worse than expectation of 0.5% mom rise. That’s also the first monthly decline in 2022. Ben Dorber, ABS head of retail statistics Read more…
Highlights: Various shocks challenge the global economy, with different undercurrents driving the economic outlook across regions. The euro area and the US are headed for recession, while the Chinese growth engine is sputtering. However, the Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Key Highlights EUR/USD is showing positive signs above the 1.0280 support. It traded above a major contracting triangle with resistance near 1.0315 on the 4-hours chart. Crude oil price is accelerating losses below the $80 Read more…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of EURJPY published in members area of the website. As our members know EURJPY forex pair Read more…
The Tesla CEO has a bombastic style which scares his critics, but a topic makes him vulnerable. Elon Musk has built a reputation as a maverick. He has this bombastic side which sends this message Read more…