BoJ Deputy Governor Shinichi Uchida noted in parliamentary remarks that recent inflation has been driven primarily by higher import and food costs, particularly staples like rice. He acknowledged the burden on households, saying the price Read more…
China’s economic data for April revealed a patchy recovery, with retail sales rising by 5.1% yoy, falling short of the 6.0% yoy forecast and slowing from March’s 5.9% yoy. Stripping out automobiles, consumer goods sales Read more…
New Zealand’s services sector showed further signs of strain in April, with the BusinessNZ Performance of Services Index dipping from 48.9 to 48.5, well below the long-term average of 53.0. Key components of the survey Read more…
ECB President Christine Lagarde has described the Euro’s recent appreciation against Dollar as “counter-intuitive,” but ultimately a reflection of growing global unease over US political and economic direction. In an interview with La Tribune Dimanche, Read more…
Key Highlights EUR/USD started a fresh decline from the 1.1260 resistance. A key bearish trend line is forming with resistance at 1.1225 on the 4-hour chart. GBP/USD is consolidating below the 1.3350 resistance zone. Gold Read more…
Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears Read more…
S&P 500: ⬆️ Buy S&P 500 broke the resistance level 5900.00 Likely to rise to resistance level 6100.00 S&P 500 index recently broke the resistance level 5900.00, the former support from January and February. The Read more…
FTSE 100: ⬆️ Buy FTSE 100 broke the resistance level 8650.00 Likely to rise to resistance level 8800.00 The FTSE 100 index recently broke the resistance level 8650.00, which stopped the previous medium-term impulse wave Read more…
Walmart (WMT) gave its fellow retailers a gift last week. In the midst of saying Walmart had a solid first quarter, CEO Doug McMillon and Chief Financial Officer John David Rainey minced no words about what’s Read more…
Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that prices may rise further in the wake of newly instituted tariffs have sparked considerable debate. The Read more…