Short term Elliott Wave View in NZDUSD suggests that rally to 0.637 ended wave 1. Pair is now doing wave 2 pullback to correct cycle from 10.26.2023 low. Internal subdivision of wave 2 is unfolding Read more…
The latest quarterly survey of business opinion by New Zealand Institute of Economic Research revealed notable improvement in business sentiment. Only a net 2% of firms now expect general business conditions to deteriorate, compared to Read more…
Australia’s Westpac Consumer Sentiment index dropped by -1.3% mom to 81 in January. This figure is especially significant as it ranks in the bottom 7% of all observations since the inception of the survey in Read more…
Japan’s PPI records a slowdown from 0.3% yoy to 0.0% yoy in December, above expectation of -0.3% yoy. Nevertheless, this figure represents the lowest PPI reading since -0.9% yoy decline in February 2021. The deceleration Read more…
Chinese GDP growth probably quickened in Q4 But doubts remain about 2024 outlook Risk assets could rally if data due on Wednesday, 02:00 GMT is upbeat China’s rebound hits a wall China’s economic recovery has Read more…
The latest update on business sentiment pointed to resilience in activity and easing inflation pressures. Key results (seasonally adjusted) General business confidence: -10.2 (Previous: -49.0) Trading activity, past three months: 6.3 Previous: -16.8) Trading activity, Read more…
Jobs, inflation, and retail data to come from the UK Markets expect 125 basis points of rate cuts Consolidation in GBPUSD ahead of the data We’ll get a lot of economic data from the UK Read more…
Gold reversed from support level 2020.00 Likely to rise to resistance level 2075.00 Gold recently reversed up from the pivotal support level 2020.00 (former minor support from the middle of December). The support level 2020.00 Read more…
EURCHF reversed from support level 0.9300 Likely to rise to resistance level 0.9400 EURCHF currency pair recently reversed up from the key support level 0.9300 (intersecting with the lower weekly Bollinger Band and the support Read more…
According to the Bank of Canada Business Outlook Survey (BOS) Canadian business sentiment remained downbeat in the fourth quarter of 2023. The BOS indicator, a statistical summary of survey results, was -3.15 in 2023 Q4, Read more…