China’s Caixin PMI Services fell sharply to 51.2 in June, down from 54.0 in May, significantly below expectations of 53.4. This marks the lowest reading since October 2023 but remains in expansionary territory for the Read more…
Japan’s PMI Services was finalized at 49.4 in June, a significant drop from May’s 53.8, ending a 21-month growth sequence. PMI Composite was finalized at 49.7, down from May’s 52.6, marking the first contraction in Read more…
Australia’s retail sales turnover increased by 0.6% mom to AUD 35.94B in May, well above expectation of 0.3% mom. On an annual basis, sales grew by 1.5% yoy. Robert Ewing, ABS head of business statistics, Read more…
We expect the RBNZ to leave the OCR at 5.5%. We expect a short statement as with the April Review. The RBNZ will emphasise the upside risks to consumer spending and inflation emanating from the Read more…
Key Highlights AUD/USD is trading in a range below the 0.6700 resistance. A key rising channel is forming with support at 0.6625 on the 4-hour chart. Oil prices extended gains and approached the $85.00 resistance. Read more…
CADJPY broke key resistance level 117.00 Likely to reach resistance level 119.00 CADJPY currency pair recently broke through the key resistance level 117.00 (which stopped the pervious sharp upward impulse wave (1) at the end Read more…
Stocks have hit the jackpot over the past two years, with the S&P 500 index soaring 44%. It has hit multiple record highs this year. Now the argument is raging between bulls and bears: will Read more…
Let’s face it: No matter what you do, some people just aren’t going to like you. The same goes for companies. Take Walmart (WMT) , for example. Related: Analysts adjust Walmart stock price target after Read more…
When you think about an “American car,” what do you picture? Perhaps it’s a massive, full-size SUV like a Chevrolet Tahoe or Suburban, a Ford Expedition, or a Lincoln Navigator. These hefty vehicles are popular Read more…