Daily Pivots: (S1) 1.5642; (P) 1.5763; (R1) 1.5984; More… Intraday bias in EUR/AUD remains on the upside for the moment. Current rally from 1.4281 should target 61.8% projection of 1.4281 to 1.5704 from 1.5271 at Read more…
Euro is now the strongest one for the week, following the post-ECB rally overnight. Swiss Franc is trailing the common currency as the next strongest, and then Canadian. Dollar tried to rebound overnight on risk-off Read more…
Credit: OnePlus OnePlus is launching the OnePlus 10T Marvel Edition in India. The limited-edition box contains a OnePlus 10T and some Marvel goodies to dress up the phone. OnePlus is launching the Marvel Edition of Read more…
Credit: Motorola Motorola has launched the X40 flagship powered by the Snapdragon 8 Gen 2 SoC. The device packs a 165Hz refresh rate and 125W fast charging. It also has a crazy low price, starting Read more…
Japan PMI Manufacturing fell slightly from 49.0 to 48.8 in December, above expectation of 48.0. That’s the worst contractionary reading since October 2020. PMI Services, however, improved from 50.3 to 51.7. PMI Composite also rose Read more…
Australia PMI Manufacturing dropped from 51.3 to 50.4 in December, a 31-month low. PMI Services dropped from 47.6 to 46.9, an 11-month low. PMI Composite dropped from 48.0 to 47.3, also an 11-month low. Warren Read more…
New Zealand BusinessNZ Performance of Manufacturing Index dropped from 49.3 to 47.4 in November. That is the first time the PMI has shown consecutive months of contraction since the first nationwide lockdown in 2020. Looking Read more…
The Bank of Japan has remained an outlier compared to the other major central banks which have been raising interest rates at a fast pace throughout 2022 in a synchronized attempt to bring inflation to Read more…
Key insights from the week that was. This week, we received updates on consumer and business confidence and the labour market for Australia. Offshore, a string of 50bp rate hikes were seen across the US, Read more…
Key Highlights USD/JPY started a consolidation phase above the 134.50 level. A key bearish trend line is forming with resistance near 137.15 on the 4-hours chart. EUR/USD extended its increase above the 1.0680 resistance zone. Read more…