Daily Pivots: (S1) 157.07; (P) 160.28; (R1) 161.99; More…. Intraday bias in EUR/JPY stays on the downside for the moment. Current development suggest that corrective pattern from 154.40 might have completed with three waves to Read more…
Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader Read more…
China’s economic data for September painted a mixed picture, with manufacturing remaining in contraction and services sector losing steam. Official NBS Manufacturing PMI edged up slightly from 49.1 in August to 49.7, above expectations of Read more…
New Zealand’s ANZ Business Confidence Index saw a significant rise in September, jumping from 50.6 to 60.9, reflecting growing optimism in the business sector. Key components of the survey also painted a positive picture. The Read more…
Japan’s industrial production took a sharp hit in August, contracting by -3.3% mom, a significant miss compared to market expectations of -0.5% mom decline. The seasonally adjusted production index for factories and mines stood at Read more…
Business sentiment has continued to charge higher as interest rate pressures ease, but activity remains soft for now. Key results (September 2024) Business confidence: 60.9 (Prev: 50.6) Expectations for own trading activity: 45.3 (Prev: 37.1) Read more…
CADCHF reversed from resistance level 0.6320 Likely to fall to support level 0.6180 CADCHF currency pair recently reversed down from the resistance level 0.6320 (former strong support which stopped the weekly downtrend at the end Read more…
Gold has hit all-time highs on each of the last six trading days. Thursday’s touch of $2685 followed the strongest selling momentum since 18th September, when initial profit-taking expanded following the release of strong GDP Read more…
Chinese, Japanese, dirty knees, look at these. I am not Chinese, but growing up, that was the nicest of the kind of jingoistic bullying I constantly heard by smart alecs on the playground. I am Read more…
