The DXY index chart shows the end of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. Thus, the market may currently be at the beginning of the first part of a major bearish trend. It is assumed that the bears form a triple zigzag […]
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Bank of Japan left its policy rate unchanged at around 0.75% as widely expected, and maintained a clear tightening bias, signaling that further rate hikes remain on the table. The decision was passed by an Read more…
Australia’s labor market delivered a strong headline in February, with employment rising by 48.9k, well above expectations of 20k. However, the details painted a softer picture, as the unemployment rate jumped from 4.1% to 4.3%, Read more…
New Zealand’s economy expanded by just 0.2% qoq in Q4, missing expectations of 0.4% qoq and slowing sharply from Q3’s 0.9% qoq pace. On an annual basis, GDP rose 0.2% yoy, marking the first year-on-year Read more…