Daily Pivots: (S1) 148.63; (P) 149.24; (R1) 149.67; More… USD/JPY rebounded strongly despite dipping to 148.79. Intraday bias remains neutral at this point. On the upside, break of 150.76 will resume larger rise from 127.20 Read more…
Japanese Yen experienced a sharp decline following BoJ’s’s (BoJ) subtle adjustment in its language regarding the yield cap. This move has failed to meet market expectations, pushing Yen back below 150 mark against Dollar. Given Read more…
Japanese Yen is facing renewed pressure following BoJ’s policy announcement, where expectations for significant changes were left largely unmet. Instead, the central bank introduced a minor tweak in the language concerning its yield cap, resulting Read more…
Key Highlights GBP/USD is struggling to recover above the 1.2180 resistance zone. A major bearish trend line is forming with resistance near 1.2235 on the 4-hour chart. Gold price is struggling to gain pace above Read more…
The Las Vegas Strip headliner residencies have a reputation of selling out almost all of their shows, especially those of the biggest stars. Giant rock group U2’s 25-show U2:UV Achtung Baby Live At Sphere residency Read more…
China’s economic pulse seems to have lost its rhythm, as indicated by the latest PMI figures for October. The official PMI Manufacturing dropped from 50.2 to 49.5, falling below the anticipated 50.4 mark. This downturn Read more…
Japan’s industrial production in September posted subdued growth, clocking in at only 0.2% mom, significantly below the anticipated rise of 2.5% mom. When compared year-on-year , the figures revealed a drop of -4.6% yoy. Furthermore, Read more…
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New Zealand’s ANZ Business Confidence for October showcased a significant rise, moving from 1.5 to a robust 23.4. This upbeat sentiment was mirrored in the Own Activity outlook, which climbed from 10.9 to 23.1. A Read more…
BoC Governor Tiff Macklem provided a sobering insight into Canada’s economic prospects during a parliamentary committee session overnight. Highlighting the central bank’s decision to maintain policy rate at 5.00% last week, Macklem emphasized the decision Read more…