Dollar’s rally appeared to be slowing a little despite extended rally in benchmark treasury yields, the selloff in US stocks could be stabilizing too. Fed Chair Jerome Powell’s comment that interest rate could stay at Read more…
Short term Elliott Wave view in Nikkei Futures (NKD) suggests that rally to 40960 ended wave 3. Pullback in wave 4 is currently in progress as a double three Elliott Wave structure. Down from wave Read more…
Japan’s exports marked the fourth consecutive month of growth with a 7.3% yoy increase to JPY 9470B in March, slightly surpassing expected 7.0%. This growth was largely fueled by robust performances in automotive and semiconductor Read more…
Australia’s economic outlook appears subdued for the remainder of 2024, according to the latest data from Westpac’s leading index, which fell from -0.03% to -0.23% in March. This decline signals continuation of “sub-trend” growth, as Read more…
New Zealand CPI rose 0.6% qoq in Q1, while annual inflation rate decelerated from 4.7% yoy to 4.0% yoy. This marks the lowest annual inflation rate since Q2 2021 but still remains above RBNZ’s target Read more…
Key Highlights Crude oil started a downside correction from the $87.70 level. A connecting trend line is forming with support at $84.00 on the 4-hour chart. Gold prices might aim for a fresh increase above Read more…
Fed Chair Jerome Powell acknowledged that recent economic data have not bolstered confidence in disinflation. He signaled the readiness to keep rates elevated for an extended period if inflationary pressure persists. “Recent data have clearly Read more…
BoE Governor Andrew Bailey to “strong evidence” that disinflation process is “working its way” throughthe UK economy, suggesting that the previous monetary tightening is having the intended effects. “Our judgement with interest rates is how Read more…
Consumer prices rose by 0.6% in the March quarter, leaving them up 4.0% over the past year. The total was a little below our forecast, but domestically-driven inflation remains surprisingly strong. Consumers Price Index, March Read more…
USDJPY under the bullish pressure Likely to rise to resistance level 156.35 USDJPY currency pair under the bullish pressure after the earlier breakout of the major resistance level 151.80, former yearly high from 2022 and Read more…