Australian business conditions deteriorated sharply in August, with the NAB Business Conditions Index falling from 4 to -1, a 5-point decline that pushed the measure into negative territory for the first time in six years and to its lowest level since August 2020. Business confidence also weakened from -6 to -8, while conditions fell across […]
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The short-term Elliott Wave view for the S&P 500 (SPX) indicates that the cycle from the June 9 low is approaching maturity. The structure is close to completing a five-wave impulsive sequence. From that low, Read more…
Australian consumer sentiment deteriorated sharply in September, with the Westpac–Melbourne Institute Consumer Sentiment Index falling from 88.9 to 84.4, a -5.2% monthly decline that pushed confidence back toward the deeply pessimistic levels seen earlier this Read more…
Japan’s wage data strengthened sharply in July, adding weight to the case for further BoJ normalization. Nominal cash earnings accelerated from a revised 4.0% to 4.7% y/y, the fastest increase since 1997 and well above Read more…