France GDP grew 0.1% qoq in Q4, better than expectation of 0.0% qoq. On average over the year 2022, GDP increased by 2.6% (after +6.8% in 2021 and -7.9% in 2020). This annual growth figure Read more…
China official PMI Manufacturing rose from 47.0 to 50.1 in December, slightly below expectation of 50.2. PMI Non-Manufacturing jumped from 41.6 to 54.4, above expectation of 51.0. Both indexes were also back in expansion region. Read more…
Australia retail sales turnover dropped sharply by -3.9% mom to AUD 34.47m in December, much worse than expectation of -0.3% mom. That’s the first contraction after 11 straight months of growth. Still, sales turnover remained Read more…
Japan industrial production declined -0.1% mom in December, much better than expectation of -0.8% mom. The Ministry of Economy, Trade and Industry retained the assessment from the previous month that industrial production is “weakening.” 10 Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
Australia’s retail snails weigh on December’s trade figures (again) Retail sales fell -3.9% in November (-0.3% expected, down from 1.4%) Annual rate of 7.5% is the lowest since 2022 December was the worst month since Read more…
In short term Elliott wave sequence, EURUSD favors pullback in wave 2 started from 1/26/2023 high before upside resumes in wave 3. It is correcting in wave 2 in 3, 7 or 11 swings against Read more…
Key Highlights GBP/USD is facing a strong resistance near the 1.2450 zone. A key bullish trend line is forming with support near 1.2350 on the 4-hours chart. EUR/USD could correct lower if it stays below Read more…
Credit: Hadlee Simons / Android Authority Google has announced that some Fi user data was affected by a breach. The firm said the breach affected its primary network provider. T-Mobile is Google’s primary network in Read more…
Credit: Robert Triggs / Android Authority Samsung has posted weak profit numbers for the fourth quarter of 2022 due to low chip demand, economic uncertainties, and customers buying fewer new gadgets. The company expected demand Read more…