Daily Pivots: (S1) 193.59; (P) 194.05; (R1) 194.83; More.. Intraday bias in GBP/JPY is mildly on the upside with break of 55 4H EMA. Pull back from 200.53 should have completed at 191.34. Rebound from Read more…
Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his Read more…
As BoE meets today, expectations are set for interest rate to remain unchanged at 5.25%. The focal point for investors, however, is any signal from regarding rate cuts. Financial markets have already fully priced in Read more…
China’s trade figures for April showcased significant recovery, with exports increasing by 1.5% yoy to USD 292.5 B, exceeding the expected 1.0% yoy growth. This rebound is particularly noteworthy given the -7.5% yoy decline observed Read more…
Summary of Opinions from BoJ’s April meeting revealed a notable hawkish tilt among its board members, with significant dialogue concerning further rate hikes. This development reflects a growing concern over inflationary pressures and the impact Read more…
Range anxiety: the fear of not having enough charge, is still a fear that occupies a part of EV driver’s minds and keeps some drivers out of pure battery-electric vehicles. However, a new study found Read more…
In Japan, real wages fell notably by -2.5% yoy in March, marking a worsening trend from the previous month’s -1.8% yoy. It also extended the streak of declines to 24 consecutive months—the longest since such Read more…
Key Highlights Crude oil prices declined further below the $80.00 support. A connecting bearish trend line is forming with resistance at $79.60 on the 4-hour chart. Gold prices are consolidating below the $2,335 resistance. Bitcoin Read more…
Boston Fed President Susan Collins described current monetary policy as “well positioned” to adapt based on new economic data and the evolving economic outlook. She is “optimistic” that Fed can achieve 2% inflation target in Read more…
ARM Holdings is one of those tech companies that fly under the radar of everyone except everybody in tech. In 2020, Nvidia (NVDA) offered $40 billion to buy ARM (ARM) from Softbank (SFTBY) , the Read more…