Key Highlights GBP/USD started a fresh increase above the 1.2350 resistance. A connecting bullish trend line is forming with support near 1.2340 on the 4-hours chart. EUR/USD extended its increase above the 1.0880 resistance. The Read more…
Japan PMI Manufacturing was unchanged at 48.9 in January, below expectation of 49.4. PMI Services rose from 51.5 to 52.4. PMI Composite rose form 49.7 to 50.8. Laura Denman, Economist at S&P Global Market Intelligence, Read more…
Australia NAB Business Conditions fell from 20 to 12 in December. Trading conditions fell from 27 to 18. Profitability conditions fell from 19 to 12. Employment conditions also declined from 13 to 8. Business Confidence Read more…
Australia PMI Manufacturing fell from 50.2 to 49.8 in January, a 32-month low. PMI Services rose from 47.3 to 48.3. PMI Composite rose from 47.5 to 48.2. Warren Hogan, Chief Economic Advisor at Judo Bank Read more…
New Zealand BusinessNZ Performance of Services Index dropped from 53.8 to 52.1 in December. Looking at some details, activity/sales dropped notably from 58.2 to 52.1. Employment fell from 51.8 to 47.1. New orders/business rose from Read more…
ECB President Christine Lagarde said in a speech that the “high inflation environment” is a big challenge facing Europe. And, that’s “the challenge that concerns me the most”. “We must bring inflation down. And we Read more…
After signaling that it will be considering whether interest rates need to rise further on a meeting-by-meeting basis, the Bank of Canada was seen as the first major central bank to end its tightening crusade. Read more…
The Bank of Canada are expected to hike interest rates by 25bp tomorrow according to market pricing and economists. The hike would see their benchmark rate rise to 4.5% – its highest level since October Read more…
The Fed has entered its “Blackout period” ahead of next week’s FOMC meeting. However, in the weeks leading up to this, Fed speakers have been much less hawkish than they had during 2022. Even the Read more…
CADJPY reversed from support level 96.00 Likely to rise to resistance level 98.00 CADJPY currency pair recently reversed up from the pivotal support level 96.00 (which has been reversing the price from the middle of Read more…