Key insights from the week that was. Following a tumultuous start to the week for global markets after a disappointing US employment print (see below), the RBA made clear their views on the risks the Read more…
Key Highlights USD/JPY is attempting a fresh increase from the 141.65 support zone. A major bearish trend line is forming with resistance at 150.00 on the 4-hour chart. Oil prices might struggle to climb above Read more…
China’s CPI rose by 0.5% yoy in July, up from June’s 0.2% yoy surpassing expectations of 0.4% yoy and marking the highest increase since February. This uptick was driven in part by a significant 20.4% Read more…
Kansas City Fed President Jeff Schmid acknowledged that while inflation is nearing the Fed’s 2% target, currently at around 2.5%, “we are still not quite there.” Nevertheless, “if inflation continues to come in low, my Read more…
Chicago Fed President Austan Goolsbee reiterated concerns about the current stance of monetary policy in a Fox interview, warning that maintaining high borrowing costs, even as inflation declines, could further tighten financial conditions and potentially Read more…
Richmond Fed President Tom Barkin expressed optimism about the ongoing disinflation trend during a virtual event overnight. Barkin noted that recent data has been encouraging, both in overall levels and across various inflation components, stating Read more…
EURGBP reversed from resistance zone Likely to fall to support level 0.8540 EURGBP currency pair earlier reversed down from the resistance zone set between the pivotal resistance level 0.8620 (which has been reversing the price Read more…
EURJPY reversed from support zone Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the support zone located between the multi-month support level 154.30 (which has been reversing the Read more…
Oil prices rose for the third consecutive session on Thursday, driven by easing demand concerns from better-than-expected U.S. job data and escalating tensions in the Middle East. Brent crude increased by 0.73% to $78.90 per Read more…
“Surge ride pricing went from $40 to $80-$90 in 20 minutes, then back down to $40 in 40 minutes,” Reddit user “chroboseraph3” complained about an airport ride-hail trip, adding that the platform changed over eight Read more…