Australia’s six-month annualized growth rate in the Westpac–Melbourne Institute Leading Index inched up to +0.06%, signaling a slight improvement in economic momentum. However, Westpac cautioned that this positive signal may not be sustained due to Read more…
Japan’s exports surged 10.3% yoy in July, reaching JPY 9,619B—a record high for the month. The growth of export value was was largely driven by the weaker yen, which marked a -12.3% depreciation from a Read more…
Fed Governor Michelle Bowman, in a speech overnight, stated that her baseline outlook anticipates further declines in inflation under the current monetary policy. Should incoming data continue to confirm that inflation is moving steadily toward Read more…
The Jackson Hole Symposium will be held on August 22-24 Fed Chairman Powell speaks on Friday at 14.00 GMT Markets expect a dovish tone in support of a September rate cut Fed minutes and PMI Read more…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPCAD. In which, the rally from 28 September 2023 low is unfolding as a leading diagonal sequence Read more…
Short Term Elliott Wave View in EURUSD suggests that pair is close to form a bullish sequence. A break above the previous high on 12.28.2023 at 1.1139 suggests the next leg higher has started. Near Read more…
USDCHF reversed from resistance area Likely to fall to support level 0.8500 USDCHF currency pair recently reversed down from the resistance area set between the resistance level 0.8735 (former monthly low from March), 20-day moving Read more…
EURUSD broke resistance area Likely to rise to resistance level 1.1135 EURUSD currency pair just broke the resistance area located between the resistance level 1.105 (which reversed the price last week) and the resistance trendline Read more…
The USDJPY pair dipped near 146.50 as the US Dollar weakened, with markets anticipating Fed rate cuts starting in September. Japan’s robust Q2 GDP growth has fueled expectations of more rate hikes by the BoJ. Read more…
Owning a major fast-food chain franchise like a Burger King, Wendy’s, Hardee’s or Popeyes at one time was like owning a license to print money. But times have changed, as a series of economic factors Read more…