AUD/NZD rises sharply after the larger than expected rate hike by RBA, and breach a key resistance level at 1.1042 (2020 high). Decisive break of this level would be a significant medium term development and should confirm resumption of whole up trend from 0.9992 (2020 low). That should set the stage for further rise to […]
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Japan’s industrial production declined -2.3% mom in November, outperforming expectations of a -3.4% mom drop, but marking the first contraction in three months. The decrease was driven by weaker exports of semiconductor manufacturing devices and Read more…
Japan’s Tokyo core CPI (excluding food) rose from 2.2% yoy to 2.4% yoy in December, marking its highest level since August but falling short of expectations for 2.5%. The increase was largely driven by a Read more…
Key Highlights USD/JPY started a fresh increase above the 156.00 resistance zone. A major bullish trend line is forming with support at 156.80 on the 4-hour chart. EUR/USD is still consolidating below the 1.0450 resistance Read more…