BoJ board member Seiji Adachi has signaled that the central bank could raise interest rate earlier if depreciation of Yen accelerates or persists. In his speech today, Adachi emphasized the need to avoid premature rate Read more…
New Zealand’s ANZ Business Confidence index dropped from 14.9 to 11.2 in May, signaling a decline in business sentiment. Outlook for own activity also decreased from 14.3 to 11.8. Cost expectations saw a reduction 76.7 Read more…
Australia monthly CPI rose form 3.5% yoy to 3.6% yoy in April, exceeding the expectation of 3.4%. This marks the second consecutive month of rising inflation. CPI excluding volatile items and holiday travel remained steady Read more…
Australia Westpac Leading Index improved slightly in April, rising from -0.08% to -0.01%. Westpac noted that the index is once again indicating some stabilization in growth momentum. However, the improvement in growth is expected to Read more…
In an event in London overnight, Minneapolis Fed President Neel Kashkari stated that the likelihood of raising interest rates again is “quite low,” although he emphasized, “I don’t want to take anything off the table.” Read more…
Key Highlights Ethereum started a fresh rally toward the $4,000 zone after ETH ETFs were approved by the SEC. ETH price is facing resistance near $3,950 on the 4-hour chart. Bitcoin price corrected gains from Read more…
WTI crude oil reversed from key support level 76.70 Likely to rise to resistance level 81.10 WTI crude oil recently reversed up from the support zone located between the key support level 76.70, which has Read more…
The GBPJPY cross continues to trend higher and establishing above 200 mark (Monday’s close above this level was the first since Aug 2008). Bulls cracked barrier at 200.50 (Apr 29 spike high), with sustained break Read more…
Besides lithium and cobalt for the batteries driving electric vehicles, another valuable material is needed to make all the cars that need to hit the roads in order to fulfill the Biden administration’s lofty EV Read more…
As the rest of the auto industry inches along the path toward electrification, Toyota (TM) has been taking a different strategy in regards to future powertrains — solidifying its position with a new, three-way partnership with Read more…