China’s Caixin PMI Services dropped to 50.6 in June from 51.1, missing expectations of 51.0. However, the broader PMI Composite rose from 49.6 to 51.3, marking a return to growth territory driven largely by stronger Read more…
BoJ board member Hajime Takata said in a speech today that Japan may finally be emerging from decades-long economic stagnation. Reflecting on the structural decline since the 1990s, driven by the collapse of the bubble Read more…
Key Highlights Bitcoin started a fresh increase above the $106,500 resistance. BTC/USD cleared a major bearish trend line with resistance at $107,000 on the 4-hour chart. Ethereum recovered losses and climbed above the $2,500 resistance. Read more…
Japan’s private sector posted modest gains in June, with the final PMI Services index rising to 51.7 from 51.0 and the Composite index improving to 51.5 from 50.2 in May. The latest data signalled continued Read more…
Speaking to Fox Business, Richmond Fed President Tom Barkin dismissed alarm over the unexpected drop in ADP employment, saying he’s more focused on the unemployment rate in Friday’s jobs report. With joblessness steady around 4.1% Read more…
The annual ECB Central Banking Forum in Sintra provided plenty of lessons on how central banks across Asia and the West are navigating the shifting economic landscape. The three key themes emerged out of the Read more…
The upcoming Non-Farm Payrolls (NFP) report is set to be released tomorrow, with a consensus expectation of 110K, compared to the previous release of 139K. While this data is typically released on the first Friday Read more…
EURGBP: ⬆️ Buy EURGBP broke resistance zone Likely to rise to resistance level 0.8700 EURGBP currency pair recently broke the resistance zone between the resistance level 0.8570 (which stopped the previous impulse wave i at Read more…
GBPJPY: ⬇️ Sell GBPJPY reversed from resistance zone Likely to fall to support level 193.85 GBPJPY currency pair recently reversed down from the resistance zone between the strong resistance level 199.000 (which has been reversing Read more…
Silver: ⬆️ Buy Silver reversed from support level 35.50 Likely to rise to resistance level 37.30 Silver recently reversed up with the daily Hammer from the support level 35.50 (which stopped the previous waves (iv) Read more…