Australian Dollar tumbles broadly today after weaker than expected job data. Overall risk-off sentiment is also pressuring commodity currencies. On the other hand, Yen and Swiss Franc are strengthening together with Dollar. As for the Read more…
Daily Pivots: (S1) 0.6897; (P) 0.6980; (R1) 0.7025; More… AUD/USD dropped notably after hitting 0.7062 and intraday bias is turned neutral first. Some consolidations could be seen but further rally is in favor as long Read more…
Credit: Nieuwe Mobiel The US pricing of the Galaxy S23 series has leaked via an alleged internal Verizon document. The leaked information was posted on Reddit and spotted by 9to5Google. The document suggests that the Read more…
USD/JPY: Looking at the Daily chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is Read more…
Australia employment declined -14.6k in December, much worse than expectation of 21.2k growth. Full-time jobs rose 17.6k while part-time jobs fell -32.2k. Unemployment rate was unchanged at 3.5%. Participation rate dropped -0.2% to 66.6%. Monthly Read more…
In December, Japan exports rose 11.5% yoy to JPY 8787B, marking the slowest growth rate in 2022. Exports to China fell -6.2% yoy in value and down -24% yoy in volume. Imports rose 20.6% yoy Read more…
Total employment: -14.6k from 58.3k (revised from 64.0k). Unemployment rate: 3.5% from 3.5% (revised 3.4%). Participation rate: 66.6% from 66.8% (unrevised 66.8%). We suspect we have now past the low in unemployment. Total employment declined Read more…
Dallas Fed President Lorie Logan said it’s a “good idea to slow down” in “today’s complex economic and financial environment”. “That’s why I supported the decision last month to reduce the pace of rate increases. Read more…
Philadelphia Fed President Patrick Harker said yesterday, “I expect that we will raise rates a few more times this year, though, to my mind, the days of us raising them 75 basis points at a Read more…
Finally – an interesting employment report arrives for Australia, which could be good for traders but less so for the economy. We have three ‘misses’ with employment change and the participation rate below expectations and Read more…