Daily Pivots: (S1) 162.52; (P) 163.21; (R1) 164.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Fall from 175.41 should have completed at 154.40 already. Rise from there is seen as Read more…
The market mood got a further boost yesterday after the latest data release from he US hinted that the economy is not doing that bad, after all. The retail sales rose 1% in July, more Read more…
UK retail sales volumes rose by 0.5% mom in July, slightly below market expectations of 0.6% increase. On a broader scale, sales volumes in the three months leading up to July saw a 1.1% rise Read more…
Daily Pivots: (S1) 189.77; (P) 190.89; (R1) 193.02; More… Intraday bias in GBP/JPY remains on the upside at this point. Fall from 208.09 should have completed at 180.00 already. Rebound from there is seen as Read more…
Yen, Swiss Franc, and to a lesser extent, Dollar are trailing at the bottom of the weekly currency performance chart. Strong risk-on sentiment has swept through the US markets, and the positive momentum continued in Read more…
Key insights from the week that was. In Australia, the week started on a slightly more positive note for consumers, with our Westpac-MI Consumer Sentiment Index showcasing a 2.8% bounce to 85.0 in August. The Read more…
In her remarks to the House of Representatives’ economics committee, RBA Governor Michele Bullock emphasized the careful balancing act in managing inflation while minimizing harm to the labor market. Bullock reiterated that the Board believes Read more…
In a speech today, RBNZ Governor Adrian Orr expressed a “very strong level of confidence” that forward indicators are pointing to a return to low and stable inflation, within the target range of 1% to Read more…
New Zealand’s manufacturing sector showed a slight improvement in July, with the BusinessNZ Performance of Manufacturing Index rising from 41.2 to 44.0. Despite this rebound, the sector remains deeply entrenched in contraction, marking its 17th Read more…
Data revisions have partly undercut the RBA’s narrative of lower aggregate supply than expected. The RBA will need to skate to where the labour market is going to go, not where it used to be. Read more…