Australia’s retail sales turnover unexpectedly declined by -0.1% mom in April, missing expectations for a 0.3% mom rise. On an annual basis, sales were up 3.8% compared to April 2024/ The Australian Bureau of Statistics Read more…
Japan’s industrial production fell by -0.9% mom in April, a milder decline than the expected -1.4%. The Ministry of Economy, Trade and Industry maintained its view that production “fluctuates indecisively,” reflecting ongoing uncertainty, particularly around Read more…
Tokyo’s core CPI (excluding fresh food) accelerated to 3.6% yoy in May, up from 3.4% yoy and above market expectations of 3.5% yoy, marking the fastest pace since January 2023. This marks the third consecutive Read more…
Dallas Fed President Lorie Logan said overnight that with inflation “trending gradually back to target”, the labor market “holding strong”, and risks to Fed’s dual mandate are “roughly balanced. Speaking at an event, Logan emphasized Read more…
San Francisco Fed President Mary Daly, in a Reuters interview, emphasized that above-target inflation remains her “focus” while the labor market is in “solid shape”. With inflation still running above the Fed’s 2% target and Read more…
BoE Governor Andrew Bailey emphasized the need for a “gradual and careful” approach to future interest rate cuts in light of lingering global trade uncertainty and its impact on domestic inflation. His comments follow last Read more…
Key Highlights USD/JPY started a fresh decline and traded below the 144.00 level. It traded above a connecting bearish trend line with resistance at 143.05 on the 4-hour chart. EUR/USD is rising and might clear Read more…
The short-term Elliott Wave analysis for the Dollar Index (DXY) indicates that the cycle from the January 13, 2025 high is unfolding as an impulse pattern, characterized by a five-wave structure moving in the direction Read more…
US Indices continued their recovery throughout May with another decent start to the trading week. The Nasdaq 100 is up 2.15% since Friday’s close. They are up through broadly unchanged on the day. Sentiment for Read more…
EURCAD: ⬆️ Buy EURCAD reversed from the support zone Likely to rise to resistance level 1.5755 EURCAD currency pair recently reversed up from the support zone between the support level 1.5550 and the support trendline Read more…