Germany’s Gfk Consumer Sentiment for July fell from -21.0 to -21.8, below expectation of -20.0. In June, economic expectations fell from 9.8 to 2.5. Income expectations fell from 12.5 to 8.2. Willingness to buy fell Read more…
Nvidia selloff didn’t deepen yesterday, on the contrary, the recent end-of-quarter / end-of-the-first-half pullback attracted dip buyers – if you can call it a dip yet – and Nvidia shares ended up jumping by almost Read more…
In focus today Overnight China releases industrial profits for May. Profits grew 4% y/y in April, and we expect it to be roughly the same in May. Stronger export growth and higher commodity prices compared Read more…
Australian Dollar surges broadly today following reacceleration in monthly inflation data, sparking speculation that RBA might need to raise interest rates again. The inflation uptick places significant pressure on RBA to not only refrain from Read more…
Australia’s monthly CPI accelerated from 3.6% yoy to 4.0% yoy in May, well above expectation of a fall to 3.5% yoy. The last time it was higher was last November, when it was sitting at Read more…
RBA Assistant Governor Christopher Kent, in a speech today, emphasized that recent economic data have been “mixed,” reinforcing the need for RBA to “remain vigilant to upside risks to inflation.” Kent reiterated that, regarding the Read more…
In a speech last night, Fed Governor Lisa Cook stated that the risks to achieving Fed’s dual mandate of employment and inflation have “moved toward better balance this year.” However, she emphasized that the economic Read more…
Key Highlights Crude oil prices gained pace for a move above the $80.00 resistance zone. A key expanding triangle is forming with resistance at $82.50 on the 4-hour chart. Bitcoin is attempting a recovery wave Read more…
GBPCHF reversed from support level 1.1220 Likely to rise to resistance level 1.1450 GBPCHF currency pair continues to rise after the earlier upward reversal from the pivotal support level 1.1220 (which stopped the two previous Read more…
USDCAD reversed from key support level 1.3620 Likely to rise to resistance level 1.3700 USDCAD currency pair today reversed up with the long-legged Doji from the key support level 1.3620 (which has been steadily reversing Read more…