DXY: For DXY, in alignment with the overall bullish momentum of the chart, there’s a potential scenario indicating a bullish bounce off the pivot level, possibly leading towards the 1st resistance. The pivot at 103.04 Read more…
Addressing the parliament today, BoJ Governor Kazuo Ueda articulated the rationale behind this week’s exit from the long-standing negative interest rate policy and the subsequent rate hike. This move marks a significant shift for Japan’s Read more…
Japan’s PMI Manufacturing saw a modest increase from 47.2 to 48.2 in March, while PMI Services surged to from 52.9 to 54.9, its highest level since last May. Composite PMI, which combines both sectors, also Read more…
Australia employment grew strongly by 116.5k in February, well above expectation of 40.2k. Full-time jobs rose 78.2k while part-time jobs rose 38.3k. Unemployment rate fell sharply from 4.1% to 3.7%, below expectation of 4.0%. Participation Read more…
Australia PMI Manufacturing PMI dropped to a 46-month low of 46.8. Conversely, PMI Services climbed to an 11-month peak of 53.5, with the Composite PMI also reaching an 11-month high at 52.4. Warren Hogan, Chief Read more…
Rock and roll bands, pop singers and other performers have a difficult time retiring from the stage. Sometimes, a health condition forces artists to stop performing, such as frontman Huey Lewis of Huey Lewis and Read more…
New Zealand’s economy has officially entered technical recession, with GDP contracting by -0.1% qoq in Q4, below expectation of 0.0% qoq. This decline follows -0.3% contraction in Q4, marking two consecutive quarters of negative growth. Read more…
US stocks surged sharply higher overnight, with DOW and S&P 500 closing at new record highs. Market participants expressed relief and optimism as Fed’s maintained forecast of three rate cuts for the year. Fed Chair Read more…
The Federal Reserve announced March 20 that it was holding its key lending rate, the Federal Funds Rate, at current levels and suggested it will be cutting rates soon. The decision was expected, and the Read more…
SNB will announce its rate decision on Thursday at 08:30 GMT Inflation has cooled, so market is pricing 35% chance of rate cut For the Swiss franc, the outlook has started to turn negative Inflation Read more…