China Caixin PMI Services rose from 48.0 to 52.9 in January, first expansionary reading in five months. PMI Composite rose from 48.3 to 51.1, the first upturn in total business activity since August 2022. Wang Read more…
BoJ Governor Haruhiko Kuroda told the parliament he expected wages to rise “quite significantly”, thanks to improvement in the economy and a tightening job market. Nevertheless, he reiterated that “BoJ must maintain the ultra-easy policy Read more…
Key insights from the week that was. This week, we received a set of downbeat updates on the consumer and housing in Australia. Meanwhile, a slew of rate hikes and updated policy guidance from across Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price Read more…
Key Highlights USD/JPY is facing a strong resistance near the 130.00 zone. A crucial bearish trend line is forming with resistance near $129.80 on the 4-hours chart. Yesterday, gold price and crude oil price saw Read more…
FOREX The Bank of England and European Central bank, both hiked rates by 50bps yesterday and have signaled another rate hike next month of similar magnitude a inflation still remain elevated. The Dollar Index has Read more…
The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding. Appetite for risk has enjoyed a great to start to the year, mostly Read more…
DAX is showing bullish impulsive Elliott wave sequence started from September-2022 low. It placed (1) at 14584.6 high and (2) at 13791.5 low on 12/20/2022. Above there, it favors higher in wave (3) and favors Read more…
A crackdown on account sharing appears to be on its way and users are expressing their opinions. Details about a Netflix (NFLX) – Get Free Report trial for paid sharing were unintentionally posted to its help Read more…
Illustration: The Verge Google is about to share more about its work in artificial intelligence. Next week, Google will be holding an event about how it’s “using the power of AI to reimagine how people Read more…