Month: November 2022

Inflation in Japan soared to the highest levels in more than 30 years, to 3.7% in October, up from 3% printed a month earlier. It was expected, maybe slightly higher than expected, and came as Read more…

Market movers today A quiet day on the data front gives markets plenty of time to focus on central bank comments from various ECB speakers (Lagarde, Nagel and Knot) and Fed’s Collins during the day. Read more…

Key insights from the week that was. Critical data for Australia’s economy was received this week; elsewhere though, it was the mindset and actions of policy makers that filled the headlines. Of the data received Read more…

Short term Elliott Wave View in SP500 (SPX) shows an incomplete bearish sequence from 1.04.2022 high favoring further downside. Short term, rally from 10.13.2022 low is unfolding as a zigzag Elliott Wave structure. Up from Read more…

Asian Indices: Australia’s ASX 200 index rose by 14.9 points (0.21%) and currently trades at 7,150.60 Japan’s Nikkei 225 index has risen by 19.39 points (0.07%) and currently trades at 27,952.68 Hong Kong’s Hang Seng Read more…

Daily Pivots: (S1) 1.3288; (P) 1.3344; (R1) 1.3384; More…. Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3494 support turned resistance will argue that fall from 1.3976 has completed Read more…

The forex markets continue to stay in consolidative mode in Asian session. Dollar’s recovery attempt overnight was rather short-lived. Sterling also regains some ground after initial reaction to the UK government’s new budget. Yen is Read more…

Japan headline CPI rose from 3.0% to 3.7% yoy in October, above expectation of 2.7% yoy. CPI core (all item ex-fresh food) rose from 3.0% to 3.6% yoy, above expectation of 3.5% yoy. That’s the Read more…

SNB board member Andrea Maechler said yesterday, “our mandate is to bring down inflation and we will use the tools we have to do so… If we see our inflation forecast above 2 percent, we Read more…

Minneapolis Fed President Neel Kashkari said yesterday, “I need to be convinced that inflation has at least stopped climbing, that we’re not falling further behind the curve, before I would advocate stopping the progression of Read more…