Eurozone retail sales volume fell -0.2% mom in July, matched expectations. Volume of retail trade decreased by -1.2% mom for automotive fuels, while it increased by 0.4% mom for food, drinks and tobacco and by Read more…
ECB Governing Council member Klaas Knot made it clear that reaching 2% inflation target by the end of 2025 is non-negotiable. “I continue to think that hitting our inflation target of 2% at the end Read more…
Markets The dollar caught all market attention yesterday. Surging against everything and everyone, the trade-weighted index closed beyond the 104.7 resistance (May high). EUR/USD (1.0722) lost the upward trading range and the next (intermediate) support Read more…
USD/JPY has risen the most among the majors in the past month. The current swift up move of USD/JPY has prompted FX verbal intervention today from Japan’s Ministry of Finance. The current tonality of verbal Read more…
Daily Pivots: (S1) 146.82; (P) 147.31; (R1) 148.22; More… Intraday bias in USD/JPY remains on the upside at this point. Current rally is part of the whole rise from 127.20, and should target a test Read more…
DAX ended cycle from September 28, 2022 low with wave ((1)) at 16528.97 as the 1 hour chart below shows. Index is currently in wave ((2)) pullback to correct the larger degree from September 2022 Read more…
Japan’s Vice Minister of Finance for International Affairs, Masato Kanda, issued a strong warning as Dollar approaches 148 yen, marking a high for this year. Kanda stated, “We are closely monitoring the situation, with a Read more…
BoJ board member Hajime Takata highlighted in a speech today the significant shifts in firms’ behavior on price-setting and wages, leading to a budding “virtuous cycle between wages and prices” in Japan. The existence of Read more…
Australia’s GDP saw 0.4% qoq growth in Q2, aligning perfectly with market expectations. This marks the seventh consecutive quarter of economic growth for the nation. The economy exhibited resilience with a 3.4% annual growth rate Read more…