This week, the yuan broke above the 7.0000 handle against the dollar and continued to rise. Generally, the Chinese currency isn’t a popular trade because it’s officially kept within a trading band. The government allowed Read more…
Cable is consolidating after 0.6% drop on Thursday, as bears faced headwinds at 1.2400 zone, prompting some profit-taking. Upticks seen as price adjustment ahead of fresh push lower and expected to stall under 1.2470 zone Read more…
On Friday, the Japanese stock market index Nikkei 225 once again updated the maximum of the year. During this week, the bulls have overcome: → the psychological level of USD 30k; → the 2022 high Read more…
On Friday, the Japanese stock market index Nikkei 225 once again updated the maximum of the year. During this week, the bulls have overcome: → the psychological level of USD 30k; → the 2022 high Read more…
BoJ Governor Kazuo Ueda, in a speech today, reinforced the necessity “to continue with monetary easing” in Japan, citing the country’s vulnerability to a decelerating global economy and doubts surrounding the sustainability of wage increases. Read more…
Short term Elliott Wave View in S&P 500 (SPX) shows the Index ended wave 3 at 4186.92 and pullback in wave 4 ended at 4048.4. Internal subdivision of wave 4 unfolded as a zigzag Elliott Read more…
Daily Pivots: (S1) 1.2369; (P) 1.2432; (R1) 1.2471; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.2678 is seen as correcting whole up trend from 1.0351. Sustained trading below Read more…
New Zealand’s trade balance in April reported a surplus of NZD 427m, defying expected deficit of NZD -1310m. Both imports and exports experienced significant year-on-year growth, with exports rising 10% yoy (NZD 641m) to NZD Read more…
New Zealand’s trade balance in April reported a surplus of NZD 427m, defying expected deficit of NZD -1310m. Both imports and exports experienced significant year-on-year growth, with exports rising 10% yoy (NZD 641m) to NZD Read more…
April saw Japanese consumer prices accelerating, with CPI accelerated from 3.2% yoy to 3.5% yoy. That put a halt to the slowdown of headline inflation from 4.3% in January. Even more significantly, core CPI (which Read more…