In a Financial Times interview, BoE Chief Economist Huw Pill emphasized the need for the MPC to avoid prematurely “declaring victory” in the fight against inflation, noting that CPI is still considerably above BoE’s 2% Read more…
Key Highlights USD/JPY is attempting a fresh increase from the 147.15 zone. A connecting bearish trend line is forming with resistance near 150.00 on the 4-hour chart. EUR/USD is showing positive signs above the 1.0850 Read more…
Japan’s core CPI, which excludes fresh food prices, rose slightly from 2.8% yoy to 2.9% yoy in October, falling just below expected 3.0% yoy. Notably, this core CPI has stayed above BoJ’s target of 2% Read more…
Japan’s PMI for November shows a continuing contraction in the manufacturing sector and a slight improvement in services. Manufacturing PMI dropped from 48.7 to 48.1, falling below the expected 48.8 and marking another month below Read more…
In New Zealand, Q3 2023 saw retail sales volumes remain unchanged at 0.0% qoq, defying expectations of a -0.8% decline. However, a contrasting trend emerged in the sales value, which increased by 1.5% qoq, indicating Read more…
Key insights from the week that was. In Australia, the November RBA meeting minutes presented a detailed account of the Board’s deliberations and their assessment of the risks. The Board recognised recent evidence that pointed Read more…
Retail spending was stronger than expected in the September quarter. However, the longer-term trend remains soft. September quarter real retail sales (volumes): Flat (Prev: -0.9%) Westpac f/c: -2.0%, Market -0.7% September quarter nominal sales level: Read more…
Dow Jones broke key resistance level 35000. Likely to rise to resistance level 3565.00 Dow Jones index recently broke the key resistance level 35000.00 (which has been reversing the price from the start of September). Read more…
EURJPY reversed from support level 161.35 Likely to rise to resistance level 164.00 EURJPY currency pair recently reversed up from the key support level 161.35, coinciding with the 20-day moving average support trendline of the Read more…
