Weak economic data ran to the rescue of the equity bulls on Tuesday. The Federal Reserve (Fed) President Jerome Powell will be thrown to the spotlight today, to potentially shoot a couple of doves down Read more…
Market movers today The main event today will be the FOMC meeting. Anything but a 25bp hike would be a major surprise, and the focus will be on guidance about the terminal rate level. We Read more…
Fed is widely expected to continue to slow down its tightening pace today, and raise interest rate by 25bps to 4.50-4.75%. The accompanying statement should clearly indicate that the work is not done yet on Read more…
Credit: Edgar Cervantes / Android Authority Peacock has reportedly stopped offering the free tier to new subscribers. The free tier is still available to existing subscribers, though. Peacock is one of a few big-name video Read more…
China Caixin PMI Manufacturing ticked up from 49.0 to 49.2 in January. Caixin noted there were softer falls in output and new orders. Supply chain pressures eased. Confidence around the outlook hit the highest level Read more…
Japan PMI Manufacturing was finalized at 48.9 in January, unchanged from January’s 48.9. S&P Global also noted that reductions in output and new orders were slowest since last October. Supply chain disruptions were least widespread Read more…
New Zealand employment rose 0.2% in Q4, below expectation of 0.3%. Employment rate was unchanged at 69.3%. Unemployment rate rose from 3.3% to 3.4%, above expectation of 3.3%. Participation rate was unchanged at 71.7%. Labor Read more…
The Bank of England has a decision to make on Thursday. It is not “to hike or not to hike.” It is to hike by 25 or 50 (obviously, basis points), that’s the question. As 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…
Key Highlights Gold price started a fresh increase above the $1,910 resistance. A major bearish trend line is forming with resistance near $1,925 on the 4-hours chart. EUR/USD and GBP/USD slowly moved lower. The US Read more…