Month: January 2023

In general, inflation has been slowing over the last few months.  On Thursday, markets will get a look at December’s CPI print.  Expectations are that the headline print will continue to move lower to 6.5% Read more…

USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…

Australia retail sales rose 1.4% mom in November, well above expectation of 0.7% mom. The seasonally adjusted turnover of AUD 35.92B was a new record high. Ben Dorber, ABS head of retail statistics, said, “While Read more…

Australia monthly CPI accelerated from 6.9% yoy to 7.3% yoy in November, above expectation of 7.2% yoy. Michelle Marquardt, ABS Head of Prices Statistics, said “This month’s annual movement of 7.3% compares to 6.9% in Read more…

ECB Governing Council member Mario Centeno said yesterday, “we are approaching the end of the current process of interest rate hikes, I believe that is true.” Centeno said that “wage updates in Europe could make Read more…

Fed Governor Michelle Bowman said in a speech, “In recent months, we’ve seen a decline in some measures of inflation but we have a lot more work to do, so I expect the FOMC will Read more…

Key Highlights Bitcoin price started a fresh increase above the $16,750 resistance. It broke a major bearish trend line at $16,760 on the 4-hours chart. Gold price is gaining pace above the $1,870 resistance. Crude Read more…

The Monthly CPI Indicator rose 7.3% in the year to November splitting Westpac’s 7.4%yr forecast and the market’s 7.2%yr. The most significant contributors to the annual rise in November were housing (+9.6%yr), food & non-alcoholic Read more…

EURJPY reversed from support level 138.00 Likely to rise to resistance level 142.80 EURJPY currency pair recently reversed up with the daily Bullish Engulfing from the key support level 138.00 (which also stopped the previous Read more…